U.S. RESEARCH ROUNDUP: Google, 3M, Cisco Systems, Stratasys

Rm2 International

11/12/2013 20:29

Dec 11 (Reuters) - Wall Street securities analysts revised their ratings and price targets 
on several U.S.-listed companies, including Autozone and Google, on Wednesday.  
     
    HIGHLIGHTS 
    * W. R. Grace  GRA.N : Baird cuts to neutral on valuation 
    * Stratasys  SSYS.O : Jefferies starts with buy; price target $155 
    * 3M Co  MMM.N : Nomura raises to buy from neutral 
    * Google  GOOG.O : Topeka raises target price to $1313 from $1100; rating buy 
    * Cisco Systems  CSCO.O : Citigroup starts with sell; target $18 - Theflyonthewall.com 
    * Twitter  TWTR.N : Macquarie starts with neutral; price target $46 
     
         
Following is a summary of research actions on U.S. companies reported by Reuters on Wednesday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.  
     
    * 3D Systems  DDD.N : Jefferies starts with buy; price target $102  
    * 3M Co  MMM.N : Nomura raises to buy from neutral 
    * AbbVie Inc  ABBV.N : BMO raises target price to $58 from $55; rating outperform 
    * AbbVie Inc  ABBV.N : Brean raises target price to $58 from $55; rating outperform 
    * Access Midstream  ACMP:N : Goldman starts with buy - Theflyonthwall.com  
    * Actavis PLC  ACT.N : BMO raises target price to $179 from $145; rating outperform 
    * Almost Family  AFAM.O : RBC ups to sector perform from underperform  
    * Almost Family  AFAM.O : RBC ups target to $28 from $15 
    * Ameren Corp  AEE.N : Barclays cuts target price to $39 from $41; rating overweight 
    * American Airlines  AAL.O : JP Morgan adds to analyst focus list; overweight 
    * American Equity Investment Life  AEL.N : Suntrust raises target to $31 from $29; buy 
    * ARC Group World Wide  ARCW.O : Brean Capital starts with buy rating; price target of $25 
    * Arcam Publ  ARCM.ST : Jefferies starts with hold; price target Sek 1150 
    * Atlas Pipeline  APL.N  : Goldman starts with neutral - Theflyonthewall.com  
    * Atlas Pipeline  APL.N : Goldman starts with neutral - Theflyonthewall.com  
    * Autozone Inc  AZO.N : Deutsche Bank raises target price to $470 from $410; rating hold 
    * Autozone Inc  AZO.N : Raymond James resumes with target of $550; keeps strong buy rating  
    * Avanir Pharmaceuticals  AVNR.O : Mizuho cuts to neutral from buy - Theflyonthewall.com 
    * Avis Budget  CAR.O : Deutsche Bank starts with hold - Theflyonthewall.com 
    * Biospecifics Technologies  BSTC.O : Aegis Capital raises target to $55 from $50; buy 
    * Boise Cascade  BCC.N : Goldman raises to buy from neutral 
    * Broadcom Corp  BRCM.O : JP Morgan raises price target to $39; rating overweight 
    * Broadcom Corp  RCM.O : Brean Capital raises target price to $33 from $31; rating buy 
    * Broadcom Corp  BRCM.O : Stifel raises target price to $32 from $30; rating buy 
    * C.H. Robinson Worldwide  CHRW.O : KeyBanc starts with hold rating 
    * Caesars Entertainment  CZR.O : Wells Fargo starts with outperform rating 
    * Cardinal Health  CAH.N : Baird raises price target to $76 from $72; rating outperform 
    * Cardinal Health  CAH.N :Raymond James raises target price to $75 from $66; outperform 
    * Cardinal Health  CAH.N : Credit Suisse raises price target to $75 from $66 
    * Cardinal Health  CAH.N : Leerink Swann raises to outperform - Streetinsider.com 
    * Cardinal Health  CAH.N : ISI Group raises target price to $73.50 from $65.50; rating buy 
    * Charles River  CRL.N : Raymond James raises to market perform from underperform 
    * Cisco Systems  CSCO.O :Citigroup starts with sell; target $18 - Theflyonthewall.com 
    * Compass Group  CPG.L : HSBC raises price target to 830p from 760p; rating underweight 
    * Comtech Telecommunications  CMTL.O : Noble Financial raises target to $35 from $33 
    * Cornerstone OnDemand Inc  CSOD.O : Janney starts with neutral 
    * CVS Caremark Corp  CVS.N : Credit Suisse raises price target to to $75 from $70  
    * DCP Midstream  PM.N : Goldman starts with buy - Theflyonthewall.com  
    * Del Frisco's Restaurant  DFRG.O : Piper Jaffray cuts target to $22 from $23; overweight 
    * Demand Media  DMD.N : JMP Securities raises to market outperform from market perform 
    * Denbury Resources Inc  DNR.N : KLR Group starts with accumulate - Streetinsider.com 
    * DENTSPLY  XRAY.O : Goldman raises to buy from neutral - Theflyonthewall.com 
    * E2open Inc  EOPN.O : Janney starts with buy 
    * Ehealth Inc  EHTH.O :Jefferies starts with buy; starts with target price $56 
    * Entergy Corp  ETR.N : BMO cuts target price to $63 from $69; rating market perform 
    * Entergy  ETR.N : Deutsche Bank cuts to hold from buy 
    * Entergy Corp  ETR.N : UBS cuts target price to $56 from $58; rating sell 
    * Enzymotec  ENZY.O : BofA Merrill cuts to underperform from buy - Theflyonthewall.com 
    * EQT Midstream  QM.N : Goldman starts with buy - Theflyonthwall.com  
    * Exone Co  XONE.O : Jefferies starts with buy; price target $72 
    * Fabrinet  FN.N : Stifel raises target price to $24 from $22; rating buy 
    * Factset  FDS.N : Credit Suisse starts with neutral - Theflyonthewall.com   
    * Fifth & Pacific Companies  FNP.N : Brean Capital raises target to $38 from $33; buy 
    * Fiserv Inc  FISV.O : Barclays raises target price to $130 from $120; rating overweight 
    * Fiserv Inc  FISV.O : Sterne Agee raises price target to $130 from $120; rating buy 
    * Forest Laboratories  FRX.N :BMO raises target price to $49 from $33; market perform 
    * Franklin Resources  BEN.N : Bernstein raises target to $63 from $60; rating outperform 
    * General Dynamics  GD.N : CRT Capital ups to fair value from sell; raises target to $89 
    * Google Inc  GOOG.O : Topeka raises target price to $1313 from $1100; rating buy 
    * Greif Inc  GEF.N : Global Hunter Securities raises target price to $52 from $42; neutral 
    * Groupon Inc  GRPN.O : Wells Fargo raises to outperform - Theflyonthewall.com 
    * Hertz Global  HTZ.N : Deutsche Bank starts with buy - Theflyonthewall.com 
    * IHS  IHS.N  :Credit Suisse starts with neutral - Theflyonthewall.com 
    * ITC Holdings  ITC.N : Deutsche Bank raises to buy from hold - Streetinsider.com  
    * LabCorp  LH.N : Canaccord Genuity cuts price target to $91 from $115; rating hold 
    * LabCorp  LH.N : RBC cuts target price to $85 from $91; rating sector perform 
    * LabCorp  LH.N : Credit Suisse cuts price target to to $92 from $104 
    * LabCorp  LH.N : ISI Group cuts target price to $93 from $110.50; rating neutral 
    * MarkWest Energy  WE.N  Goldman starts with buy - Theflyonthewall.com  
    * MeadWestvaco  MWV.N : BMO cuts to underperform from market perform - Theflyonthewall.com 
    * Medley Capital  MCC.N : JMP Securities cuts target to $15.50 from $16; market outperform  
    * Medley Capital  MCC.N : KBW cuts target price to $15.25 from $16 
    * NanoString  NSTG.O : Baird raises to outperform from neutral -  
    * NorthStar Realty Finance  NRF.N : FBR raises target to $12 from $11; rating outperform 
    * NorthWestern Corp  NWE.N : Ladenburg Thalmann cuts target to $49 from $51; rating buy 
    * Outerwall  OUTR.O : JP Morgan raises price target to $60; rating underweight  
    * Outerwall Inc  OUTR.O : Wedbush raises target price to $82 from $78; rating outperform 
    * Owens-Illinois  OI.N : Goldman Sachs cuts to neutral from buy 
    * Packaging Corp of America  PKG.N :BMO raises target to $67 from $62; market perform 
    * PDC Energy  PDCE.O : SunTrust Robinson cuts target price to $57 from $68; rating neutral 
    * PDC Energy Inc  PDCE.O : Credit Suisse cuts price target to $83 from $87 
    * Priceline Com  PCLN.O :Cowen and Company raises target to $1,375 from $1,200; outperform 
    * Radware Ltd  RDWR.O : Wells Fargo raises to outperform - Theflyonthewall.com 
    * Rambus Inc  RMBS.O : Topeka Capital raises target price to $15 from $13; rating buy 
    * Red Hat  RHT.N : Maxim starts with buy rating; $55 price target - Streetinsider.com 
    * Regency Energy  RGP.N :Goldman starts with neutral - Theflyonthewall.com 
    * Seattle Genetics  SGEN.O : Jefferies raises target price to $50 from $45; rating buy 
    * Southcross Energy  SXE.N  : Goldman starts with sell - Theflyonthewall.com 
    * Sprouts Farmers  SFM.O : BofA Merrill raises to neutral - Theflyonthewall.com 
    * Sprouts Farmers  SFM.O : Credit Suisse reinstates with neutral - Theflyonthewall.com 
    * St. Jude Medical  STJ.N : Barclays raises target price to $65 from $63; rating overweight  
    * Stratasys  SSYS.O : Jefferies starts with buy; price target $155 
    * Southwestern Energy  SWN.N :BMO raises target price to $45 from $37; market perform 
    * Targa Resources  NGLS.N : Goldman starts with neutral - Theflyonthewall.com  
    * Tesoro Corp  TSO.N : Imperial Capital raises target to $63 from $57; rating outperform 
    * Tesoro Corp  TSO.N : Howard Weil raises target to $66 from $62; rating sector outperform 
    * Tesoro Corp  TSO.N : Credit Suisse raises price target to $70 from $62 
    * Toll Brothers  TOL.N : Barclays cuts target price to $37 from $38; rating overweight 
    * Toll Brothers  TOL.N : Susquehanna raises target price to $37 from $35; rating neutral 
    * Tortoise Energy  TYG.N : BofA Merrill cuts to underperform - Theflyonthewall.com 
    * Triangle Petroleum  TPLM.A : Global Hunter raises target to $13 from $10; rating buy 
    * TSMC  TSM.N : Susquehanna cuts target price to $16 from $17; rating neutral 
    * Twitter  TWTR.N : Macquarie starts with neutral; price target $46 
    * Ultimate Software  ULTI.O : Janney starts with neutral rating 
    * Validus Holdings  VR.N : KBW raises target price to $44 from $42   
    * Verisk Analytics  VRSK.O : Credit Suisse starts with neutral - Theflyonthewall.com 
    * Vimicro International  VIMC.O :Needham raises price target to $3.50 from $3; rating buy   
    * Voxeljet  VJET.N : Jefferies starts with hold; price target $40 
    * W. R. Grace  GRA.N : Baird cuts to neutral on valuation; raises target to $110 from $93 
    * WANdisco PLC  WAND.L : Panmure raises target price to 1496p from 1447p; rating buy  
    * Western Gas Equity  WGP.N : Goldman starts with buy - Theflyonthewall.com  
    * Western Gas Partners  WES.N : Goldman starts with buy - Theflyonthewall.com  
 
 (Compiled by Sneha Banerjee in Bangalore) 
 ((sneha.banerjee@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 6749 
1130)(Reuters Messaging: sneha.banerjee.thomsonreuters.com@reuters.net)(U.S. +1 646 223 8780)) 
 
Keywords: RESEARCH US/