New Stock Price Targets and Ratings October 13th

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on October 13th.

  • Pharmasset (NASDAQ:VRUS): UBS reiterated its rating of Buy for this company and changed its price target from $80 to $95. About the company: Pharmasset, Inc. is a pharmaceutical company. The Company develops oral therapeutics for the human immunodeficiency virus (HIV), hepatitis B (HBV), and hepatitis C (HCV).
  • ADTRAN (NASDAQ:ADTN): UBS reiterated its rating of Buy for this company and changed its price target from $48 to $40. Needham reiterated its rating of Buy for this company and changed its price target from $44 to $36. Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $48 to $35. About the company: ADTRAN, Inc. designs, develops, manufactures, markets, and services a variety of high-speed digital transmission products. The Company’s products are used by telephone companies and corporate end-users to implement advanced digital data services over existing telephone networks. ADTRAN also offers a line of multiplexers which provides modular flexibility.
  • Advanced Micro (NYSE:AMD): MKM Partners reiterated its rating of Sell for this company and changed its price target from $5 to $4. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
  • Corp Office Props (NYSE:OFC): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $38 to $30. About the company: Corporate Office Properties Trust is a real estate investment trust which focuses on the acquisition, ownership and operation of suburban office properties located in high-growth submarkets.
  • Sierra Wireless (NASDAQ:SWIR): Brigantine reiterated its rating of Buy for this company and changed its price target from $14 to $10. About the company: Sierra Wireless Inc. is a wireless data communications equipment company. The Company delivers a variety of products including PC cards for portable computers, ruggedized vehicle-mounted modems, original equipment manufacturer modules for embedded applications, telemetry modems, and software tools and utilities.
  • Agilent (NYSE:A): Longbow reiterated its rating of Buy for this company and changed its price target from $56 to $44. About the company: Agilent Technologies, Inc. provides core bio-analytical and electronic measurement solutions to the communications, electronics, life sciences and chemical analysis industries. The Company’s operations include electronic measurement, bio-analytical measurement, semiconductor and board testing.
  • Rock-Tenn (NYSE:RKT): Longbow reiterated its rating of Buy for this company and changed its price target from $80 to $73. About the company: Rock-Tenn Company manufactures packaging, including folding cartons, as well as recycled paperboard, and specialty corrugated packaging and display products. The Company has manufacturing operations throughout the United States, Canada, and Mexico.
  • Danaher (NYSE:DHR): Longbow reiterated its rating of Buy for this company and changed its price target from $60 to $52. About the company: Danaher Corporation designs, manufactures, and markets professional instrumentation, medical technologies, industrial technologies, and tools and components.
  • Intl Paper (NYSE:IP): Longbow reiterated its rating of Buy for this company and changed its price target from $38 to $36. About the company: International Paper Company produces and distributes printing paper, packaging, forest products, and chemical products. The Company operates specialty businesses in global markets as well as a broadly based distribution network. International Paper exports its products worldwide.
  • Schnitzer Steel (NASDAQ:SCHN): Canaccord Genuity reiterated its rating of Buy for this company and changed its price target from $80 to $60. About the company: Schnitzer Steel Industries, Inc. operates a steel scrap recycling business in the western United States. The Company supplies ferrous scrap to export and domestic steel producers through its scrap collection, processing, and deep water facilities. Schnitzer also operates collection and processing facilities, as well as manages other facilities through joint ventures.
  • Hansen Natural (NASDAQ:HANS): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $90 to $91. About the company: Hansen Natural Corporation markets and distributes fruit juices, fruit juice Smoothies, juice cocktails, iced teas, lemonades, energy drinks, and still water. The Company distributes its beverages under the Hansen’s Natural brand name in the United States and overseas.
  • Cisco Systems (NASDAQ:CSCO): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $18 to $20. About the company: Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  • American Eagle (NYSE:AEO): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $14 to $15. About the company: American Eagle Outfitters, Inc. retails men’s and women’s casual apparel, footwear, outerwear, and accessories. The Company’s products include jeans, khakis, T-shirts, and other similar apparel. American Eagle operates in the United States.
  • Host Hotels (NYSE:HST): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $18 to $13. About the company: Host Hotels & Resorts Inc. is a real estate trust. The trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, The Netherlands and the United Kingdom.
  • Xilinx (NASDAQ:XLNX): Robert W. Baird reiterated its rating of Neutral for this company and changed its price target from $35 to $33. About the company: Xilinx, Inc. designs, develops, and markets complete programmable logic solutions. The Company’s solutions include advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic, and field engineering support. Xilinx sells its products through several channels of distribution to customers in the United States and overseas.
  • Tiffany & Co (NYSE:TIF): HSBC Securities reiterated its rating of Neutral for this company and changed its price target from $77 to $69. About the company: Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies. The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States. Tiffany also markets through the Internet and catalogs.
  • Coach (NYSE:COH): HSBC Securities reiterated its rating of Neutral for this company and changed its price target from $67 to $59. About the company: Coach, Inc. designs, produces, and markets primarily leather goods. The Company’s products include handbags, business cases, men’s and women’s accessories, luggage and travel accessories, leather outerwear, and gloves. Coach, together with a licensing partner, offers watches, footwear, furniture, and eyewear.

(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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