Analysts Change Price Targets on These Stocks Today

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on October 20th.

  • Riverbed Technology (NASDAQ:RVBD): Miller Tabak reiterated its rating of Buy for this company and changed its price target from $30 to $32. Needham reiterated its rating of Buy for this company and changed its price target from $46 to $41. About the company: Riverbed Technology, Inc. manufactures and markets appliances used to connect computers in wide area networks.
  • Belden (NYSE:BDC): Longbow reiterated its rating of Buy for this company and changed its price target from $44 to $40. About the company: Belden Inc. provides signal transmission solutions for a wide range of markets, including data networking, industrial automation, professional audio and video, security and surveillance, aerospace and many other specialty electronics markets.
  • Polycom (NASDAQ:PLCM): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $35 to $25. About the company: Polycom, Inc. develops, manufactures, and markets a line of video, voice, data and web conferencing collaboration solutions. The solutions include enterprise video and voice communications end-points, network infrastructure, management products, product maintenance and other professional services.
  • Cubist Pharma (NASDAQ:CBST): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $44 to $46. Needham reiterated its rating of Buy for this company and changed its price target from $39 to $42. About the company: Cubist Pharmaceuticals, Inc. is a drug company that discovers, develops, and commercializes novel drugs to treat infections. The Company’s lead product is a unique agent with bactericidal activity that addresses the critical need for new antibiotics with potent activity against life threatening infections.
  • Waste Connections (NYSE:WCN): Wunderlich reiterated its rating of Buy for this company and changed its price target from $38 to $40. About the company: Waste Connections, Inc. provides solid waste collection, transfer, disposal, and recycling services in secondary markets of the western United States. The Company owns and operates collection facilities, transfer stations, landfills, and recycling facilities.
  • IDEX Corp (NYSE:IEX): Brean Murray reiterated its rating of Buy for this company and changed its price target from $54 to $56. About the company: IDEX Corporation designs, manufactures, and markets a variety of pump products, dispensing equipment, and other engineered products. The Company’s products include industrial pumps, lubrication systems, banding and clamping devices, and rescue tools. IDEX markets its products to customers in the United States and overseas.
  • News Corp (NASDAQ:NWSA): Wunderlich reiterated its rating of Buy for this company and changed its price target from $20 to $22. About the company: News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.
  • Renasant (NASDAQ:RNST): Wunderlich reiterated its rating of Buy for this company and changed its price target from $20 to $18. About the company: Renasant Corporation is the parent of Renasant Bank and Renasant Insurance. The Company operates banking and insurance offices in Mississippi, Tennessee, and Alabama, all located in the United States. Renasant provides a range of deposit products, loans, and other services, as well as life, health and disability, and long-term care insurance.
  • Morgan Stanley (NYSE:MS): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $34 to $30. About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
  • American Express (NYSE:AXP): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $60 to $55. About the company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • Texas Capital (NASDAQ:TCBI): FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $28 to $30. About the company: Texas Capital Bancshares, Inc. is the holding company for Texas Capital Bank, NA. The Bank attracts deposits from the general public and invests those funds in loans secured by single-family residential loans and commercial real estate, secured and unsecured commercial loans, and consumer loans. The Bank’s current primary market is the greater Dallas/Fort Worth metropolitan area.
  • St. Jude Medical (NYSE:STJ): Collins Stewart reiterated its rating of Buy for this company and changed its price target from $57 to $52. About the company: St. Jude Medical, Inc. develops, manufactures, and distributes medical devices for the worldwide cardiovascular market. The Company serves patients and its health care customers with products and services including heart valves, cardiac rhythm management systems, specialty catheters, and other cardiovascular devices.

(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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