U.S. RESEARCH ROUNDUP-Digital Realty Trust, Hormel Foods, MercadoLibre

Silicon Motion Technology

23/04/2019 08:17

April 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Digital Realty Trust, Hormel Foods and Mercadolibre,
on Tuesday. 
        
  HIGHLIGHTS
     * Digital Realty Trust Inc  DLR.N : Jefferies cuts to hold from buy
     * Hormel Foods Corp  HRL.N : JP Morgan cuts to underweight from neutral
     * Mercadolibre Inc  MELI.O : JP Morgan cuts to neutral from overweight
     * Public Service Enterprise Group Inc  PEG.N : JP Morgan cuts to neutral from overweight
     * Silicon Motion Technology  SIMO.O : Morgan Stanley cuts to underweight from equal-weight
                
Following is a summary of research actions on U.S. companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
     * Adient Plc  ADNT.N : JP Morgan raises target price to $20 from $17
     * American Axle & Manufacturing Holdings  AXL.N : JP Morgan cuts target to $20 from $21
     * Aptiv Plc  APTV.N : JP Morgan raises target price to $101 from $98
     * Arbor Realty Trust Inc  ABR.N : JP Morgan raises price target to $12 from $11.50
     * Ares Commercial Real Estate Corp  ACRE.N : JP Morgan raises target to $15.50 from $15
     * Autoliv Inc  ALV.N : JP Morgan cuts target price to $81 from $82
     * Cadence Design Systems Inc  CDNS.O : JP Morgan raises target price to $68 from $54
     * Cadence Design Systems Inc  CDNS.O : RBC raises target price to $73 from $62
     * Cleveland-Cliffs Inc  CLF.N : Jefferies raises price target to $14.25 from $13.75
     * CVR Partners LP  UAN.N : Cowen and Company cuts price target to $5 from $5.50
     * CyrusOne Inc  CONE.O : Jefferies cuts price target to $53 from $56
     * Dana Inc  DAN.N : JP Morgan raises target price to $25 from $23
     * Delphi Automotive Plc  DLPH.N : Cowen and Company raises target price to $31 from $28
     * Digital Realty Trust Inc  DLR.N : Jefferies cuts to hold from buy
     * Digital Realty Trust Inc  DLR.N : Jefferies cuts price target to $125 from $144
     * Essent Group Ltd  ESNT.N : JP Morgan raises price target to $48 from $45
     * Facebook Inc  FB.O : Credit Suisse raises price target to $211 from $210
     * Ferrari  RACE.N : JP Morgan raises target price to $130 from $122
     * Fleetcor Technologies Inc  FLT.N : Jefferies raises price target to $250 from $210
     * General Motors Co  GM.N : JP Morgan cuts target price to $52 from $53
     * Gentex Corp  GNTX.O : JP Morgan raises target price to $23 from $22
     * Global Payments Inc  GPN.N : Jefferies raises price target to $165 from $150
     * Golden Ocean Group Ltd  GOGL.O : JP Morgan cuts target price to $9.50 from $11
     * Hormel Foods Corp  HRL.N : JP Morgan cuts to underweight from neutral
     * Hormel Foods Corp  HRL.N : JP Morgan cuts price target to $36 from $40
     * Kimberly-Clark Corp  KMB.N : Jefferies raises target price to $135 from $109
     * Lam Research Corp  LRCX.O : RBC raises target price to $220 from $190
     * Lear Corp  LEA.N : JP Morgan raises target price to $169 from $168
     * Lyft Inc  LYFT.O : Jefferies initiates coverage with buy rating and $86 price target
     * Mastercard Inc  MA.N : Jefferies raises price target to $275 from $235
     * Mercadolibre Inc  MELI.O : JP Morgan cuts to neutral from overweight
     * Mercadolibre Inc  MELI.O : JP Morgan cuts price target to $492 from $515
     * MFA Financial Inc  MFA.N : JP Morgan raises price target to $7.50 from $7
     * NMI Holdings Inc  NMIH.O : JP Morgan raises price target to $29 from $26
     * Nordson Corp  NDSN.O : Oppenheimer raises target price to $155 from $150
     * PayPal Holdings Inc  PYPL.O : Jefferies raises price target to $125 from $110
     * Public Service Enterprise Group Inc  PEG.N : JP Morgan cuts to neutral from overweight
     * Public Service Enterprise Group Inc  PEG.N : JP Morgan cuts price target to $62 from $64
     * QTS Realty Trust Inc  QTS.N : Jefferies cuts price target to $45 from $49
     * Scorpio Bulkers Inc  SALT.N : JP Morgan cuts target price to $6 from $7
     * Silicon Motion Technology  SIMO.O : Morgan Stanley cuts to underweight from equal-weight
     * Silicon Motion Technology  SIMO.O : Morgan Stanley cuts target price to $34 from $34.90
     * Star Bulk Carriers Corp  SBLK.O : JP Morgan cuts target price to $16 from $18
     * Stericycle Inc  SRCL.O : Jefferies raises target price to $65 from $60
     * Tenneco Inc  TEN.N : JP Morgan cuts target price to $34 from $38
     * Total System Services Inc  TSS.N : Jefferies raises price target to $115 from $105
     * Tower International Inc  TOWR.N : JP Morgan cuts target price to $30 from $33
     * Verint Systems Inc  VRNT.O : JP Morgan raises target price to $71 from $67
     * Visa Inc  V.N : Jefferies raises price target to $190 from $175
     * W W Grainger Inc  GWW.N : JP Morgan cuts target price to $303 from $308
     * Watford Hldg Ltd  WTRE.O : JP Morgan initiates coverage with neutral rating; PT of $30
     * Webster Financial Corp  WBS.N : Jefferies raises target price to $53 from $52
     * WEX Inc  WEX.N : Jefferies raises price target to $210 from $190
     * World Wrestling Entertainment  WWE.N : JP Morgan raises PT to $105 from $95
     * Zions Bancorp  ZION.O : D.A. Davidson cuts target price to $56 from $58
     * Zions Bancorp  ZION.O : KBW raises target price to $56 from $55
     * Zions Bancorp  ZION.O : SunTrust Robinson cuts target price to $55 from $56
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))