Stock Analyst Changes for These 17 Companies

Wall St. Watchdog reveals information about companies for which stock analysts either initiated, resumed, or reiterated coverage on September 13th.

Coverage Initiated

  • Herbalife (NYSE:HLF): Caris & Company initiated coverage of this company with a rating of Buy and a price target of $75.  About the company: Herbalife Ltd. is a network marketing company that sells weight management, nutritional supplement and personal care products. The Company sells its products globally through a network of independent distributors. Herbalife also sells literature and promotional materials.
  • Cavium Networks (NASDAQ:CAVM): Wedbush initiated coverage of this company with a rating of Neutral and changed its price target to $35.  About the company: Cavium Networks, Inc. provides semiconductor processors that enable intelligent networking, communications and security applications. The Company offers a broad portfolio of software compatible processors and accelerator boards ranging in performance from 10 Mbps to 10 Gbps.
  • Huntington Banc (NASDAQ:HBAN): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $6.  About the company: Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.
  • BOK Financial (NASDAQ:BOKF): RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $50.  About the company: BOK Financial Corporation is a multi-bank holding company. The Banks provide a range of deposit products, loans, and other financial services to businesses and consumers through offices and the Internet. BOK also offers trust services, electronic funds transfer services, online insurance, and other online services.
  • Monmouth Real Estate (NYSE:MNR): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $10.  About the company: Monmouth Real Estate Investment Corporation is a real estate investment trust specializing in net leased industrial properties. The Company’s equity portfolio consists of industrial properties and shopping centers located in New Jersey, New York, Mississippi, Missouri, Massachusetts, Iowa, North Carolina, Kansas, Pennsylvania and Virginia.
  • EastGroup (NYSE:EGP): Wunderlich initiated coverage of this company with a rating of Buy and a price target of $50.  About the company: EastGroup Properties, Inc. is an equity real estate investment trust. The Trust acquires and develops industrial properties in major sunbelt markets throughout the United States with a special emphasis in the states of California, Florida, Texas and Arizona.
  • KKR (NYSE:KKR): Ticonderoga initiated coverage of this company with a rating of Neutral.  No price target was given.  About the company: KKR & Co. L.P. is a global alternative asset manager. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice.
  • Blackstone (NYSE:BX): Ticonderoga initiated coverage of this company with a rating of Buy and a price target of $17.  About the company: The Blackstone Group LP is a global alternative asset manager and provider of financial advisory services. The firm’s asset management businesses include the management of corporate private equity funds, real estate funds, mezzanine funds, proprietary hedge funds and closed-end mutual funds. Blackstone also provides M&A and reorganization advisory, as well as private placement services.
  • Apollo Global Management (NASDAQ:APO): Ticonderoga initiated coverage of this company with a rating of Buy and a price target of $17.  About the company: Apollo Global Management LLC provides global alternative asset manager services. The Company specializes in private equity, credit-oriented capital markets, and real estate funds invested across a core group of industries where Apollo has knowledge and resources. Apollo Global Management provides services throughout the world.

Coverage Resumed

  • Texas Instruments (NYSE:TXN): Wedbush resumed coverage of this company with a rating of Outperform and changed its price target from $40 to $33.  About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.
  • NVIDIA (NASDAQ:NVDA): Wedbush resumed coverage of this company with a rating of Outperform and changed its price target from $22 to $18.  About the company: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market.
  • LSI Logic (NYSE:LSI): Wedbush resumed coverage of this company with a rating of Neutral and changed its price target from $8 to $7.  About the company: LSI Corporation designs, develops, manufactures, and markets integrated circuits and storage systems. The Company offers products and services for a variety of electronic systems applications that are marketed to original equipment manufacturers in the networking, telecommunications and wireless, computers, consumer products, and storage industries.

Coverage Reiterated

  • BP (NYSE:BP): The Benchmark Company reiterated its rating of Buy for this company and changed its price target from $70 to $55.  About the company: BP plc is an oil and petrochemicals company.  The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals.  BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
  • Intersil (NASDAQ:ISIL): Needham reiterated its rating of Buy for this company and changed its price target from $15 to $13.  About the company: Intersil Corporation designs and manufactures high performance analog semiconductors.  The Company’s products are used in flat panel displays, optical storage, and power management applications.
  • Broadcom (NASDAQ:BRCM): Auriga reiterated its rating of Buy for this company and changed its price target from $44 to $40.  About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise.  The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • NetLogic (NASDAQ:NETL): Auriga reiterated its rating of Hold for this company and changed its price target from $36 to $48.  About the company: Netlogic Microsystems, Inc. is a semiconductor company that designs, develops and markets high performance knowledge-based processors.  The Company’s products are designed for a variety of advanced networking systems, such as routers, switches, access multiplexors and networked storage devices.
  • E*TRADE (NASDAQ:ETFC): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $18 to $14.  About the company: E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors.  The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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