Hess Price Target Lowered, Xerox a Buy Rating at Brean Murray
Hess Corporation(NYSE:HES): Credit Suisse lowered Hess’ price target citing the company’s growth outlook but expects upstream volume to improve significantly through 2013-2018. Shares are Outperform rated.
Xerox Corp.(NYSE:XRX): Brean Murray said the sell-off in Xerox following yesterday’s Q4 results and guidance was overdone. The firm said the company could increase its dividend, revenues and earnings should improve, and margin expansion is possible. Shares are Buy rated with a $10 price target.
Emerson Electric Co.(NYSE:EMR): Baird said a buying opportunity is developing in Emerson citing softness in orders during the December quarter. The firm would be buyers at current levels citing robust Process Management growth, and Tool and Storage growth, and other long term secular drivers. Shares are Outperform rated with a $61 price target.
NuVasive, Inc.(NASDAQ:NUVA): ThinkEquity raised its target on NuVasive, as the firm sees a much lower chance of a permanent injunction being lodged against the company following a judge’s preliminary ruling yesterday. The firm reiterates a Buy rating on the stock.
LSI Corporation(NYSE:LSI): ThinkEquity increased its target on LSI after the company provided much stronger than expected Q1 guidance. The firm maintains a Buy rating on the stock.
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