Stock Analysts Issued New Price Targets These Companies August 10th

Wall St. Watchdog reveals information about companies for which coverage was initiated by stock analysts or for which ratings were reiterated by stock analysts.

Coverage Initiated

  • PriceSmart (NASDAQ:PSMT): The Benchmark Company initiated coverage of this company with a rating of Buy and a price target of $70.  About the company:  PriceSmart, Inc. owns and manages international merchandising businesses. The Company licenses and owns membership stores using the trade name PriceSmart and PriceCostco. PriceSmart’s international market consists of Latin America and Asia. The Company also operates domestic merchandising programs, including its Auto Referral Program and its Travel Program.
  • Ur-Energy (AMEX:URG): Rodman & Renshaw initiated coverage of this stock with a rating of Mkt Outperform and a price target of $2.52.  About the company: Ur-Energy, Inc. explores for uranium. The Company operates in Nunavut in Canada and Wyoming in the United States.

Coverage Reiterated

  • Walt Disney (NYSE:DIS): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $48 to $43.  About the company: The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks.
  • Demand Media (NYSE:DMD): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $24 to $13.  About the company:  Demand Media, Inc. (Demand Media) is focused on an Internet-based model for the professional creation of content at scale. The Company’s business is comprised of two service offerings: Content & Media and Registrar.
  • AOL (NYSE:AOL): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $20 to $15.  About the company: AOL Inc is a web services company. The Company’s business spans online content, products and services that the company offers consumers, publishers and advertisers. AOL focuses on attracting consumers and providing online advertising services on company owned and operated properties as well as third party websites. AOL also operates an internet subscription access service.
  • Sunpower (NASDAQ:SPWRA): Kaufman Bros reiterated its rating of Sell for this company and changed its price target from $14 to $11.  About the company:  SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
  • Masimo (NASDAQ:MASI) Brean Murray reiterated its rating of Buy for this company and changed its prie target from $33 to $29.  About the company:  Masimo Corporation designs, develops and licenses medical signal processing and sensor technology for the noninvasive monitoring of physiological parameters. The Company’s first products are designed to improve the effectiveness of pulse oximetry by overcoming the inability of current monitors to precisely measure the levels of arterial blood oxygen saturation and low arterial blood flow.
  • DISH Network (NASDAQ:DISH): Brean Murray reiterated its rating of Buy for this company and changed its price target from $38 to $35.  About the company: DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States.
  • Comverge (NASDAQ:COMV): Needham reiterated its rating of Buy for this company and changed its price target from $7 to $5.  About the company: Comverge Inc. provides environmentally responsible peak electric demand reduction achieved through Demand Response solutions and technologies. The Company implements both integrated and outsourced solution-based models for direct and price responsive load management, remote meter reading, and distributed generation monitoring.
  • Jefferies Group (NYSE:JEF): Ticonderoga reiterated its rating of Buy for this company and changed its price target from $26 to $23.  About the company: Jefferies Group, Inc. is an independent, full-service global securities and investment banking firm. The Company provides clients with capital markets and financial advisory services, including M&A and restructuring, as well as institutional brokerage in equity, equity-linked, high yield and other fixed income securities, along with fundamental research and asset management.
  • Entertainment Properties (NYSE:EPR): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $50 to $45.  About the company: Entertainment Properties Trust is a real estate investment trust. The Company acquires and develops properties leased to entertainment and entertainment related business operators generally under long-term triple net leases. The Company plans to focus primarily on megaplex theaters and entertainment themed retail centers.
  • Equity Lifestyle Properties (NYSE:ELS): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $71.5 to $73.5.  About the company: Equity Lifestyle Properties, Inc owns or has an interest in communities in the United States and western Canada. The Company acquires properties such as camping grounds and seasonal resort communities.
  • Mid-America Aptmt (NYSE:MAA): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $69 to $71.5.  About the company: Mid-America Apartment Communities, Inc. is a self-administered and self-managed real estate investment trust which owns, develops, acquires and operates multi family apartment communities in the southeast and midwest United States and Texas. In addition, the Company conducts third party property management, development and construction activities through its service corporation.
  • Home Properties (NYSE:HME): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $67 to $71.  About the company: Home Properties, Inc. is a real estate investment trust with operations in selected Northeast, Midwest, and Mid-Atlantic markets in the United States. The Company owns, operates, acquires, and rehabilitates apartment communities. Home Properties also manages commercial space.
  • Essex Property (NYSE:ESS): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $138 to $145.  About the company: Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust company. The Company specializes in acquiring, developing and managing multifamily residential properties. Essex has ownership interests in residential properties and commercial properties located in California, Oregon and Washington.
  • Wesco (NYSE:WCC): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $75 to $68.  About the company: WESCO International, Inc. distributes electrical products and other industrial maintenance, repair, and operating supplies. The Company also provides integrated supply services. WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.

(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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