July 12 (Reuters) – Wall Street securities analysts revised their ratings and price targets
on several U.S. companies, including 3M Co, Avon, Tupperware and Adtran, on Thursday.
HIGHLIGHTS
* 3M Co : Citigroup cuts price target to $87
* Pentair : Canaccord Genuity, Citigroup cut price target
* United States: Citigroup raises to neutral in Global Equity Strategy
* Adtran : Mizuho, Stifel, MKM cut rating on co; UBS, others cut target on stock
* Avon Products : S&P; Capital IQ cuts to sell from hold
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* 3M Co : Citigroup cuts price target to $87 from $89; rating neutral
* Adtran Inc : Barclays cuts price target to $23 from $32; rating equal weight
* Adtran Inc : Mizuho Securities cuts to underperform from neutral
* Adtran Inc : MKM Partners cuts to sell from neutral
* Adtran Inc : Credit Suisse cuts price target to $22 from $25; rating neutral
* Adtran Inc : ThinkEquity cuts price target to $23 from $31; rating hold
* Adtran Inc : UBS cuts price target to $28 from $35; rating buy
* Adtran Inc : Jefferies cuts price target to $21 from $27; rating hold
* Adtran Inc : Stifel cuts to hold from buy
* AerCap Holdings N.V. : Citi cuts price target to $18.30 from $18.60; rating buy
* AllianceBernstein : Sandler O’Neill cuts price target by $1 to $13; rating hold
* Alon USA Energy : Wells Fargo starts with market perform rating
* AMC Networks : Barclays raises to overweight from equal weight
* American Campus Communities : KeyBanc raises to buy from hold
* American States Water Co : Brean Murray cuts to hold from buy on valuation
* Amerigroup : Raymond James cuts to market perform from outperform
* Avon Products : S&P; Capital IQ cuts to sell from hold
* Bill Barrett Corp : Dahlman Rose cuts price target to $30 from $42
* BJ’s Restaurants : S&P; Capital IQ cuts target price by $4 to $55; rating buy
* BJ’s Restaurants : KeyBanc starts with hold rating
* Bob Evans Farms : KeyBanc starts with hold rating
* Bravo Brio Restaurant : KeyBanc starts with hold rating
* Brinker International : KeyBanc starts with buy rating, price target $40
* Bristol Myers Squibb : Goldman Sachs ups price target to $38 from $37; rating buy
* Bruker Corp : Cantor starts with buy; price target $16
* Buffalo Wild Wings : KeyBanc starts with hold rating
* Builders Firstsource : BB&T; Capital raises price target to $6 from $5; rating buy
* Calix : UBS cuts price target to $8 from $12, rating buy
* Calix : Thinkequity cuts target price to $6 from $12, rating buy
* Calix Inc : Jefferies cuts price target to $7 from $11; rating buy
* Calix Inc : Raymond James cuts price target to $8.50 from $10; rating outperform
* Callaway Golf Co : Wedbush cuts price target to $8 from $9; rating outperform
* Callidus Software Inc : ThinkEquity starts with buy rating, $8 price target
* Canadian Solar : Piper Jaffray raises to overweight from neutral
* Canadian Solar : Piper Jaffray raises price target to $5 from $2.70
* Carlisle Companies Inc : Citigroup cuts target to $54 from $55; rating neutral
* Caterpillar : S&P; Capital IQ cuts target price by $28 to $117; rating buy
* Check Point Software : ThinkEquity cuts price target to $56 from $68; rating buy
* Cimarex Energy Co : Dahlman Rose cuts price target to $70 from $90
* Coach Inc : Credit Suisse cuts target price to $77 from $86, rating outperform
* Coco-Cola FEMSA : Barclays starts with equal weight; price target $137
* Constant Contact Inc : BMO cuts price target to $19 from $24
* Continental Resources Inc : Dahlman Rose cuts price target to $80 from $90
* Cornerstone OnDemand Inc : ThinkEquity starts with buy rating, $28 price target
* Cracker Barrel Old Country : KeyBanc starts with buy rating, $75 target price
* Crane Co : Dahlman Rose cuts price target to $10 from $13
* Crocs Inc : Longbow cuts price target to $22 from $26
* Danaher Corp : Citigroup cuts price target to $60 from $62; rating buy
* Daqo New Energy : Piper Jaffray cuts price target to $1 from $2; rating neutral
* Darden Restaurants : KeyBanc starts with hold rating
* Delek US Holdings : Wells Fargo starts with outperform rating
* Denbury Resources Inc : Dahlman Rose cuts price target to $22 from $27
* DragonWave Inc : National Bank Financial cuts price target to $2.50 from $3.00
* Edison International : Jefferies raises price target to $52.50 from $49; rating buy
* El Paso Electric : Jefferies cuts to hold from buy
* Emcore Corp : Needham starts with buy rating, $6.50 price target
* EMC Corp : Caris starts with above average rating
* Fabrinet : Needham starts with hold rating
* Finisar Corp : Needham starts with hold rating
* FEMSA : Barclays starts with overweight; price target $106
* Green Plains Renewable : Credit Suisse cuts target to $8 from $11, rating neutral
* Greenbrier Companies Inc : Stifel starts with buy; price target $21
* Hewlett Packard : Barclays cuts price target to $22 from $25; rating equal weight
* Hillshire Brands : Bernstein starts with outperform; price target $35
* HollyFrontier : Wells Fargo starts with market perform rating
* Informatica Corp : Susquehanna cuts price target to $31 from $45; rating neutral
* ITW : Citigroup cuts price target to $55 from $56; rating neutral
* J&J; : Goldman Sachs raises price target to $72 from $67; rating neutral
* JA Solar : Piper Jaffray cuts to neutral from overweight
* JA Solar : Piper Jaffray cuts price target to $1 from $1.35
* Jack in the Box : KeyBanc starts with buy rating, $40 price target
* Jazz Pharmaceuticals PLC : Lazard raises price target to $75 from $63
* JDS Uniphase : Needham starts with hold rating
* JetBlue Airways : Imperial Capital starts with outperform rating, $8 price target
* KLA Tencor : Citigroup adds to top picks live list, replaces Lam Research
* Key Energy Services : Deutsche Bank cuts price target to $15 from $18
* Lazard Ltd : Goldman Sachs cuts price target to $24 from $24.50 ; rating neutral
* LDK Solar : Piper Jaffray cuts to underweight from neutral
* LDK Solar : Piper Jaffray cuts price target to $1 from $2.50
* Lexmark International : Barclays cuts to underweight from equal weight
* Marathon Petroleum : Wells Fargo starts with outperform rating
* Marathon Petroleum : Howard Weil cuts to market perform
* Marriott International : JP Morgan cuts target by $3 to $42; overweight rating
* Merck : Citigroup raises to buy from neutral
* Merck : MKM Partners raises fair value estimate to $44 from $40; rating neutral
* Merck : Goldman Sachs raises price target to $45 from $41; rating neutral
* Metropcs : Guggenheim cuts price target to $7 from $9; rating neutral
* NetApp Inc : Caris starts with average rating
* NetSuite Inc : ThinkEquity starts with hold rating, $55 price target
* NeoPhotonics Corp : Needham starts with hold rating
* NIC Inc : Barrington starts with an outperform rating
* NYSE Euronext : Credit Suisse cuts price target to $28.50 from $30; rating neutral
* Oclaro Inc : Needham starts with hold rating
* Oneok : BMO raises to outperform
* Optimer Pharmaceuticals : Canaccord Genuity starts with buy, price target of $21
* Panera Bread Co : KeyBanc starts with buy rating, $175 target price
* Papa John’s International : KeyBanc starts with buy rating, $58 target price
* Penn Virginia Resource Partners : Barclays starts with overweight; price target $29
* Pentair : Canaccord Genuity cuts price target to $45 from $50; rating hold
* Pentair : Citigroup cuts price target to $44 from $46; rating buy
* Perrigo Co : Canaccord genuity cuts to hold from buy
* Phillips 66 : Wells Fargo starts with market perform rating
* Pioneer Drilling : Deutsche Bank cuts price target to $8 from $10
* Plains Exploration & Production : Dahlman Rose cuts price target to $50 from $60
* Progressive Corp : Evercore cuts price target to $20 from $21; rating underweight
* Progressive Corp : Raymond James cuts target to $23 from $24; rating strong buy
* Red Robin Gourmet Burgers : KeyBanc starts with hold rating
* Renesola : Piper Jaffray cuts price target to $1.60 from $2; rating neutral
* Rosetta Resources Inc : Canaccord Genuity raises price target to $64 from $62
* salesforce.com : ThinkEquity starts with buy rating, $155 price target
* Sanmina SCI : Raymond James cuts price target to $11.50 from $13
* SkyWest Inc : Raymond James raises target price to $10 from $8; rating outperform
* SM Energy Co : Dahlman Rose cuts price target to $60 from $75
* Sprint Nextel : Guggenheim raises price target to $4 from $3.50; rating buy
* Sonoco Products Co : Jefferies cuts price target to $34 from $37; rating hold
* Stifel Financial Corp : Goldman Sachs cuts target to $31 from $33 ; rating neutral
* Stone Energy Corp : Dahlman Rose cuts price target to $35 from $40
* SunPower : Piper Jaffray raises to overweight from neutral
* Supervalu Inc : BMO cuts price target to $4 from $8; rating market perform
* Supervalu Inc : Cantor cuts price target to $6 from $10; rating buy
* Supervalu Inc : JP Morgan cuts to neutral from overweight
* Supervalu Inc : Guggenheim cuts price target to $4 from $7; rating neutral
* Supervalu Inc : Citigroup cuts target price to $4 from $7, rating neutral
* Supervalu Inc : BMO cuts price target to $4 from $8; rating market perform
* Supervalu Inc : Longbow cuts to neutral from buy
* Supervalu Inc : UBS raises to neutral from sell
* Tesoro : Wells Fargo starts with outperform rating
* Tesoro : Howard Weil raises to market outperform
* Texas Roadhouse : KeyBanc starts with buy rating, $24 price target
* The Wendy’s Company : KeyBanc starts with hold rating
* Trina Solar : Piper Jaffray cuts to neutral from overweight
* Trina Solar : Piper Jaffray cuts price target to $6 from $6.60
* Trinity Industries Inc : Stifel starts with buy; price target $31
* Tupperware Brands Corp : S&P; Capital IQ cuts target price by $3 to $61; rating buy
* United Technologies Corp : Citigroup cuts target to $79 from $81; rating neutral
* Valero Energy : Wells Fargo starts with outperform rating
* Vitran Corp : TD securities cuts price target to $7 from $8.50, rating
* Xerox : Barclays cuts price target to $8 from $9; rating equal weight
* Walt Disney Co : Wells Fargo raises to outperform from market perform
* Western Refining : Wells Fargo starts with outperform rating
* Whiting Petroleum Corp : Dahlman Rose cuts price target to $50 from $60
* Xilinx Inc : Nomura cuts price target to $30 from $36; rating neutral
* Xylem : Canaccord Genuity cuts price target to $30 from $33; rating buy
* Yingli Green Energy : Piper Jaffray cuts to neutral from overweight
* Yingli Green Energy : Piper Jaffray cuts price target to $3 from $4
* Youku Inc : ThinkEquity cuts price target to $20 from $24; rating hold
SECTOR:
* U.S. multi-industry sector: Citigroup reiterates neutral view on the sector
* Optical components: Needham starts with hold rating
