Equity Analysts Issue New Share Price Targets on These Companies

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on October 10th.

  • InterActiveCorp (NASDAQ:IACI): Morgan Joseph reiterated its rating of Buy for this company and changed its price target from $38 to $42. About the company: IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services.
  • Premiere Glbl Svcs (NYSE:PGI): Northland Securities reiterated its rating of Outperform for this company and changed its price target from $9 to $10. About the company: Premiere Global Services, Inc. provides outsourced business process solutions. The Company offers communication technologies-based solutions within conferencing, desktop fax, document delivery, accounts receivable management, notifications & reminders, and emarketing that enable customers to automate and simplify their daily business processes.
  • SINA (NASDAQ:SINA): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $140 to $115. About the company: SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Wells Fargo (NYSE:WFC): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $32 to $31. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • U.S. Bancorp (NYSE:USB): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $25 to $28. About the company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • JPMorgan Chase (NYSE:JPM): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $51 to $48. About the company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Citigroup (NYSE:C): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $45 to $43. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Capital One (NYSE:COF): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $53 to $55. About the company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.
  • ON Semiconductor (NASDAQ:ONNN): Collins Stewart reiterated its rating of Buy for this company and changed its price target from $12 to $10. About the company: ON Semiconductor Corporation supplies analog, standard logic, and discrete semiconductors for data and power management. The Company’s products include integrated circuits, and analog ICs. ON also offers discrete semiconductors in a variety of surface mount and standard packages.
  • Diodes (NASDAQ:DIOD): Collins Stewart reiterated its rating of Buy for this company and changed its price target from $25 to $22. About the company: Diodes Incorporated manufactures, sells, and distributes discrete semiconductor devices to manufacturers in the automotive, computer, and telecommunications industries. The Company’s products include small signal transistors, transient voltage suppressors, zeners, Schottkys, diodes, rectifiers, and bridges.
  • BMC Software (NASDAQ:BMC): Collins Stewart reiterated its rating of Buy for this company and changed its price target from $62 to $50. About the company: BMC Software, Inc. provides management solutions for mainframe and distributed information technology systems. The Company’s portfolio of software solutions spans enterprise systems, applications, databases and IT process management. BMC also provides maintenance and support for its products and performs software implementation, integration and education services for its customers.
  • Hasbro (NYSE:HAS): Needham reiterated its rating of Buy for this company and changed its price target from $51 to $42. About the company: Hasbro, Inc. designs, manufactures, and markets toys, games, interactive software, puzzles, and infant products in the United States and internationally. The Company’s products include a variety of games, including traditional board, card, hand-held electronic, trading card, role-playing and DVD games, as well as electronic learning aids and puzzles as well as dolls and action figures.
  • Destination Maternity (NASDAQ:DEST): Needham reiterated its rating of Strong Buy for this company and changed its price target from $27 to $24. About the company: Destination Maternity Corporation designs, manufactures and retails maternity clothes. The Company operates a chain of maternity apparel stores throughout the United States.
  • Union Banc (NASDAQ:UBSH): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $13 to $12. About the company: Union First Market Bankshares Corporation (Union) is a multi-bank holding company. The Banks offer a wide range of banking and related financial services including checking, savings, certificates of deposit and other depository services, discount brokerage services, and a variety of loans. Union operates throughout Virginia.
  • SY BANCORP (NASDAQ:SYBT): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $26 to $24. About the company: S.Y. Bancorp, Inc. is a holding company for Stock Yards Bank & Trust Company. The Bank offers a wide range of commercial and personal banking activities, operates a mortgage division, and provides personal and corporate trust services. Stock Yards currently operates several offices in Kentucky and Indiana.
  • Sandy Spring Banc (NASDAQ:SASR): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $18 to $16. About the company: Sandy Spring Bancorp, Inc. is the holding company for Sandy Spring Bank. The Bank conducts a full-service commercial banking business through a network of offices located in Montgomery, Howard, Prince George’s, Anne Arundel, and Frederick counties in Maryland. The Company also operates Sandy Spring Insurance Company and The Equipment Leasing Company.
  • Prosperity Bancshares (NASDAQ:PRSP): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $45 to $36. About the company: Prosperity Bancshares, Inc. is the holding company for Prosperity Bank. The Bank attracts deposits from the general public and uses those funds to originate a variety of commercial and consumer loans. Prosperity Bank operates in the greater Houston metropolitan area and neighboring counties in Texas.
  • Pinnacle Finl (NASDAQ:PNFP): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $15 to $13. About the company: Pinnacle Financial Partners, Inc. is a holding company for Pinnacle National Bank. The Bank operates as a community bank emphasizing personal banking relationships with individuals and businesses located in its primary service area, which is comprised of the metropolitan Nashville, Tennessee area and surrounding counties.
  • Independent Bank (NASDAQ:INDB): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $27 to $23. About the company: Independent Bank Corp. is the holding company for Rockland Trust Company. The Bank attracts deposits and offers a range of financial services through a network of offices in Plymouth, Norfolk, Barnstable, and Bristol counties, Massachusetts.
  • FirstMerit Corp (NASDAQ:FMER): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $15 to $12. About the company: FirstMerit Corporation operates primarily as a multi-bank holding company. The Banks attract deposits, originate loans, and provide other banking services. The Company’s non-banking subsidiaries provide securities brokerage, trust, equipment lease financing, insurance, and other services. FirstMerit operates in Ohio.
  • BankAtlantic Bancorp Cl.B (BANC): Robert W. Baird reiterated its rating of Outperform for this company and changed its price target from $21 to $18.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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