U.S. RESEARCH ROUNDUP: Apple, Affymax, Heinz, Venaxis

Affymax

25/02/2013 12:46

Feb 25 (Reuters) - Wall Street securities analysts revised their ratings and price targets 
on several U.S. companies, including Apple, Heinz and Venaxis, on Monday.  
     
    HIGHLIGHTS 
    * Apple   : Needham cuts target price to $710 from $750; rating buy 
    * H.J. Heinz Co   : Citigroup cuts to neutral from buy - Theflyonthewall.com 
    * Affymax Inc   : JMP Securities cuts to market underperform from market outperform 
    * Newmont Mining Corp   : Jefferies cuts price target to $40 from $44; rating hold 
    * Venaxis   : Canaccord Genuity raises to buy from hold 
     
Following is a summary of research actions on U.S. companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * Abercrombie & Fitch   : Susquehanna cuts target to $60 from $64; rating positive 
    * Aeropostale Inc   : Keybanc cuts to hold from buy 
    * Agrium Inc   : BMO cuts target price to $120 from $123; rating outperform 
    * Akamai Technologies Inc   : Macquarie raises to outperform from neutral 
    * Atlas Energy LP   : Baird raises to outperform from neutral 
    * Ascena Retail Group Inc   : Keybanc cuts to hold from buy 
    * Approach Resources   : Canaccord Genuity raises target to $35 from $32; rating buy 
    * Affymax Inc   : JMP Securities cuts to market underperform from market outperform 
    * Affymax Inc   : Baird cuts to neutral from outperform 
    * Affymax Inc   : Piper Jaffray cuts to neutral from overweight 
    * Atlas Energy LP   : Baird raises to outperform from neutral 
    * Barnes Group Inc   : Jefferies raises target price to $32 from $27; rating hold 
    * Berry Petroleum Co   : Susquehanna cuts to neutral from positive 
    * Bloomin' Brands Inc   : Jefferies raises target price to $20 from $18; rating buy 
    * Cabot Oil & Gas Corp   : Jefferies raises price target to $76 from $56; rating buy 
    * Coresite Realty Corp   : MLV & Co raises price target to $38 from $31; rating buy 
    * Children's Place Retail Stores   : Janney Capital cuts to neutral from buy 
    * Children's Place Retail Stores   : Janney Capital cuts fair value to $49 from $59 
    * Carnival Corp   : Credit Suisse cuts target price to $35 from $36; rating neutral 
    * Carlyle Group   : KBW raises target price to $36 from $31; rating outperform  
    * Charter Communications   : Jefferies raises target to $85 from $79; rating hold 
    * Charter Communications   : Pivotal Research ups target to $107 from $104; rating buy 
    * Colgate-Palmolive   : BMO raises target price to $109 from $102; rating market perform 
    * Community Health Systems   : Mizuho raises target to $41 from $39; rating neutral 
    * Community Health Systems   : Susquehanna ups target to $48 from $45; rating positive 
    * Constellation Brands  :Suntrust starts with buy; target price $60-Theflyonthewall.com 
    * Cummins Inc   : Goldman Sachs raises to conviction buy from buy - theflyonthewall.com 
    * Darden Restaurants Inc   : Jefferies cuts target price to $44 from $47; rating hold 
    * Eaton Corp PLC   : Credit Suisse starts with outperform; target price $72 
    * Eldorado Gold   : Canaccord Genuity cuts target price to $17 from $17.50; rating buy 
    * First American Financial   : KBW raises target to $28 from $27; rating market perform 
    * First Solar Inc   : Lazard cuts target price to $45 from $50; rating buy 
    * Flowserve Corp   : BMO raises target price to $182 from $178; rating outperform 
    * Flowserve Corp   : Jefferies raises target price to $175 from $152; rating hold  
    * Goodrich Petroleum   : MLV & Co raises price target to $14.25 from $13; rating buy 
    * HFF Inc   : JMP Securities raises price target to $20 from $18 
    * Healthcare Realty Trust   : RBC raises target to $26 from $24; rating sector perform 
    * Iamgold Corp   : CIBC cuts target price to $11 from $19; rating sectorperformer 
    * Immunogen Inc   : Jefferies raises target price to $21 from $17; rating buy 
    * Jack In The Box   : Susquehanna raises price target to $32 from $28; rating neutral 
    * LTC Properties Inc   : BMO raises target price to $40 from $35; rating market perform 
    * LTC Properties Inc   : RBC raises price target to $39 from $32; rating sector perform 
    * Magellan Midstream Partners   : RBC raises target to $54 from $53; rating outperform 
    * Magna International   : RBC raises target price to $63 from $61; rating outperform 
    * Merck   : Jefferies cuts target price to $46 from $47; rating hold 
    * Newmont Mining   : CIBC cuts target price to $62 from $75; rating sector performer 
    * Newmont Mining Corp   : RBC cuts price target to $52 from $59; rating sector perform 
    * Newmont Mining Corp   : TD Securities cuts target price to $50 from $54; rating hold 
    * Nordson Corp   : BMO raises to outperform from market perform 
    * Nordson Corp   : BMO raises target price to $74 from $63 
    * NorthStar Realty Finance   : JMP Securities ups target to $9.50 from $9 
    * NV Energy Inc   : Wunderlich cuts to hold from buy - Theflyonthewall.com 
    * Perrigo Co   : UBS raises to buy from neutral - Theflyonthewall.com 
    * Pinnacle West Capital   : RBC raises target to $55 from $54; rating sector perform 
    * PROS Holdings Inc   : Jefferies raises target price to $31 from $28; rating buy 
    * QEP Resources Inc   : Guggenheim raises price target to $45 from $40; rating buy 
    * Redwood Trust Inc   : KBW raises target price to $19 from $17; rating market perform 
    * Rock-Tenn Co   : BMO raises target price to $102 from $95; rating outperform 
    * SM Energy Co   : Guggenheim raises price target to $70 from $54; rating neutral 
    * SM Energy Co   : BMO cuts to market perform from outperform  
    * Southwestern Energy   : Canaccord Genuity raises target to $38 from $37; rating hold 
    * Swift Energy Co   : Canaccord Genuity cuts target price to $21 from $27; rating buy 
    * Swift Energy Co   : Suntrust cuts target price to $16 from $19; rating neutral 
    * Texas Instruments Inc   : Wedbush ups target price to $39 from $37; rating outperform 
    * Total System Services   : Raymond James ups to outperform - Theflyonthewall.com 
    * Tri Pointe Homes Inc   : FBR starts with outperform rating; price target of $22 
    * Trustmark Corp   : KBW raises target price to $24 from $23; rating market perform 
    * Venaxis   : Canaccord Genuity raises to buy from hold; price target to $7 from $2.50 
    * Walker & Dunlop Inc   : JMP Securities raises target price to $24 from $22 
    * Warner Chilcott Plc   : Jefferies raises price target to $16 from $15 
     
 
 (Reporting by Tej Sapru in Bangalore) 
 ((tej.sapru@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135 
5800)(Reuters Messaging: tej.sapru.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH US/