New Stock Ratings and Share Price Targets October 28th

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on October 28th.

  • Celgene (NASDAQ:CELG): Summer Street Research reiterated its rating of Buy for this company and changed its price target from $71 to $89. UBS reiterated its rating of Buy for this company and changed its price target from $71 to $75. About the company: Celgene Corporation is a global biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
  • Teradyne (NYSE:TER): UBS reiterated its rating of Neutral for this company and changed its price target from $13 to $16. About the company: Teradyne, Inc. designs, manufactures, sells, and supports semiconductor test products and services on a world wide basis. The Company’s test equipment products and services include: semiconductor test systems, military/aerospace test instrumentation and systems, circuit-board test and inspection systems and automotive diagnostic and test systems.
  • Vertex Pharm (NASDAQ:VRTX): UBS reiterated its rating of Neutral for this company and changed its price target from $56 to $47. About the company: Vertex Pharmaceuticals Incorporated discovers, develops, and commercializes novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The Company is developing drugs for the treatment of viral diseases, multidrug resistance in cancer, inflammatory and autoimmune diseases, and neurodegenerative diseases.
  • KLA-Tencor (NASDAQ:KLAC): UBS reiterated its rating of Buy for this company and changed its price target from $45 to $60. About the company: KLA-Tencor Corporation manufactures yield management and process monitoring systems for the semiconductor industry. The Company’s systems are used to analyze product and process quality at critical steps in the manufacture of circuits and provide feedback so that fabrication problems can be identified. KLA-Tencor operates sales, service, and application centers worldwide.
  • Cliffs Natural Resources (NYSE:CLF): UBS reiterated its rating of Buy for this company and changed its price target from $124 to $121. About the company: Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.
  • Citrix Systems (NASDAQ:CTXS): UBS reiterated its rating of Neutral for this company and changed its price target from $61 to $79. About the company: Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization.
  • Cerner (NASDAQ:CERN): UBS reiterated its rating of Neutral for this company and changed its price target from $65 to $70. About the company: Cerner Corporation is a worldwide supplier of healthcare solutions and services. The Company’s Solutions are designed to optimize clinical and financial outcomes for healthcare organizations ranging from single-doctor practices, to health systems, to entire countries, for the pharmaceutical and medical device industries, and for the healthcare commerce system.
  • Bristol-Myers (NYSE:BMY): UBS reiterated its rating of Neutral for this company and changed its price target from $30 to $32. About the company: Bristol-Myers Squibb Company is a global biopharmaceutical company that discovers, develops, manufactures and sells pharmaceutical and nutritional products. The Company’s products and experimental therapies address cancer, heart disease, HIV/AIDS, diabetes, rheumatoid arthritis, hepatitis, organ transplant rejection and psychiatric disorders.
  • Education Mgmt (NASDAQ:EDMC): Wunderlich reiterated its rating of Buy for this company and changed its price target from $20 to $27. About the company: Education Management Corporation provides proprietary post-secondary education in the United States. The Company offers, through its operating units, associate’s and bachelor’s degree programs and non-degree programs in the areas of design, media arts, culinary arts, fashion, and professional development.
  • Sup Energy Svcs (NYSE:SPN): Global Hunter Securities reiterated its rating of Buy for this company and changed its price target from $51 to $45. About the company: Superior Energy Services, Inc. provides specialized oilfield services and equipment. The Company conducts operations offshore in the Gulf of Mexico and throughout the Gulf Coast region. Superior leases oilfield equipment, provides oil and gas well plug and abandonment services, and provides other equipment and services.
  • Energy XXI (NASDAQ:EXXI): Global Hunter Securities reiterated its rating of Buy for this company and changed its price target from $37 to $39. Rodman & Renshaw reiterated its rating of Mkt Outperform for this company and changed its price target from $32 to $34. About the company: Energy XXI (Bermuda) Ltd. explores for and produces oil and natural gas. The Company operates along the United States’ Gulf Coast and in the Gulf of Mexico.
  • Patterson-UTI (NASDAQ:PTEN): Howard Weil reiterated its rating of Market Outperform for this company and changed its price target from $43 to $29. About the company: Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.
  • McDermott (NYSE:MDR): Howard Weil reiterated its rating of Market Outperform for this company and changed its price target from $25 to $15. About the company: McDermott International, Inc. is a worldwide energy services company. The Company and its subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the U.S. Department of Energy.
  • Baidu.com (NASDAQ:BIDU): Brean Murray reiterated its rating of Buy for this company and changed its price target from $175 to $185. About the company: Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.
  • Southwestern Energy (NYSE:SWN): Ladenburg Thalmann reiterated its rating of Buy for this company and changed its price target from $46 to $52. FBR Capital reiterated its rating of Outperform for this company and changed its price target from $45 to $50. About the company: Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.
  • Wisconsin Energy (NYSE:WEC): Wunderlich reiterated its rating of Hold for this company and changed its price target from $31 to $33. About the company: Wisconsin Energy Corporation is a diversified energy holding company. The Company, through its subsidiaries, provides utility services such as distributing electric, gas, steam, and water.
  • Netflix (NASDAQ:NFLX): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $185 to $100. About the company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
  • CONSOL Energy (NYSE:CNX): Brean Murray reiterated its rating of Buy for this company and changed its price target from $78 to $74. About the company: CONSOL Energy Inc. produces high-BTU bituminous coal, and also coalbed methane gas. The Company primarily produces pipeline-quality coalbed methane gas from coal properties in the Northern and the Central Appalachian basin, other western basins, and oil and gas from properties in the Appalachian and Illinois Basins.
  • Las Vegas Sands (NYSE:LVS): Brean Murray reiterated its rating of Buy for this company and changed its price target from $59 to $57. About the company: Las Vegas Sands Corp. owns and operates casino resorts and convention centers. The Company operates in United States, Macau and Singapore. Las Vegas Sand Corp’s casino’s offer a wide range of gaming activities and entertainment as well as overnight accomodations, while its expo centers host a wide range of entertainment shows, expositions, and other activities.
  • Cloud Peak Energy (NYSE:CLD): Brean Murray reiterated its rating of Buy for this company and changed its price target from $26 to $30. FBR Capital reiterated its rating of Outperform for this company and changed its price target from $25 to $28. About the company: Cloud Peak Energy, Inc. is a coal mining company. The Company’s operations include surface coal mines in Wyoming and in Montana. Cloud Peak produces sub-bituminous steam coal with low sulfur content and sells its coal primarily to electric utilities.
  • Avnet (NYSE:AVT): Brean Murray reiterated its rating of Buy for this company and changed its price target from $33 to $37. About the company: Avnet, Inc. distributes computer products and semiconductors, as well as interconnect, passive, and electromechanical components. The Company markets, inventories, and adds value to these products and provides supply-chain integration, engineering design, and technical services. Avnet serves customers in countries around the world.
  • Starwood Hotels (NYSE:HOT): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $66 to $55. About the company: Starwood Hotels & Resorts Worldwide, Inc. owns, manages, and franchises luxury and upscale hotels throughout the world. The Company also develops and operates vacation interval ownership resorts.
  • Zimmer Hldgs (NYSE:ZMH): Wunderlich reiterated its rating of Hold for this company and changed its price target from $65 to $60. About the company: Zimmer Holdings, Inc. designs, develops, manufactures, and markets orthopaedic and dental reconstructive implants, spinal implants, trauma products and related surgical products. The Company also provides other healthcare related services. Zimmer markets its products in the United States and other countries around the world.
  • Ceva (NASDAQ:CEVA): Wunderlich reiterated its rating of Buy for this company and changed its price target from $32 to $38. About the company: CEVA, Inc. is the licensor of DSP cores and integrated applications to the semiconductor industry. The Company markets CEVA DSPs, CEVA-Xpert Open Framework Environment, and CEVA-Xpert Applications. CEVA’s products are used in various devices each year.
  • MetLife (NYSE:MET): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $43 to $50. About the company: MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
  • VMware (NYSE:VMW): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $110 to $120. About the company: VMware, Inc. provides virtualization solutions from the desktop to the data center. The Company’s solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management and desktop management.
  • Digital River (NASDAQ:DRIV): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $32 to $26. About the company: Digital River, Inc. provides comprehensive electronic commerce outsourcing solutions to software publishers and online retailers. The Company also provides data mining and merchandising services to assist clients in increasing Internet page view traffic to web sites.
  • Carbo Ceramics (NYSE:CRR): Dahlman Rose reiterated its rating of Buy for this company and changed its price target from $176 to $191. About the company: CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.

(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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