General Motors Corporation (NYSE:GM): Piper Jaffray raised its price target for shares of General Motors after it channel checks indicated the company’s brands are outperforming in the Chinese auto market. The firm keeps an Overweight rating on the stock.
American Electric Power Co., Inc.(NYSE:AEP): After the Public Utility Commission of Ohio overturned American Electric’s December 2011 rate settlement agreement, Argus says that the utility likely put a great deal of effort into carefully making a justified rate increase request. The firm believes that the utility’s balance sheet is improving, and it reiterates a $47 target and Buy rating on the stock.
Gulfport Energy Corp.(NASDAQ:GPOR): Sterne Agee raised its target on Gulfport after the company reported stronger than expected Q4 results, as the firm believes that the company’s growth outlook has improved in several regions. The firm reiterates a Buy rating.
Alpha Natural Resources, Inc.(NYSE:ANR): Brean Murray lowered its price target on Alpha Natural Resources following its Q4 earnings miss. The firm cited lowered volume guidance, lower met coal sales, and higher cost projections. Shares remain Buy rated.
Superior Energy Services Inc.(NYSE:SPN): After Superior Energy provided 2012 guidance that Sterne Agee views as strong, the firm believes that the company is poised to increase its earnings over the next several years. The firm raised its target on the stock to $38 from $33 and reiterates a Buy rating.
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