Topeka Capital initiated coverage on shares of D.R. Horton, Inc. (DHI). They issued a hold rating on the stock.
BMO Capital Markets initiated coverage on shares of Danaher Co. (DHR). They issued an outperform rating on the stock and set a $63.00 price target.
Canaccord Genuity downgraded shares of DragonWave Inc (DRWI) from a buy rating to a hold rating. Their analysts now have a $2.25 price target on the stock, down previously from $4.50. They wrote, "Q3/F13 will miss expectations with revised guidance nearly $10 million below our previous estimate. DragonWave`s reduced guidance and our view of soft carrier spending levels for at least the next six months suggest added risk to estimates. While we view the NSN acquisition positively from a strategic point of view, it adds a layer of complexity and thus, near-term uncertainty for investors. Alongside reduced estimates, we are lowering DragonWave to a HOLD (from Spec Buy) and our target price to US$2.25 from US$4.50 based on 0.3x EV/Sales."
Sterne Agee upgraded shares of Dst Systems Inc. (DST) from a neutral rating to a buy rating. Sterne Agee now has a $71.00 price target on the stock. They wrote, "We believe DST is on a clear path to monetize a significant amount of its non-core assets, something investors have waited years to see. As monetization events occur, we expect the stock to continue to respond positively. Our sum-of-the-parts analysis yields a fair value of $71, but we note that there are multiple points of conservatism in our analysis. On a fundamental basis, we expect to see improving trends in 2013."
Zacks reiterated its neutral rating on shares of DirecTV (DTV). They have a $52.00 price target on the stock. Zacks` analyst wrote, "DIRECTV reported mixed financial results for the third quarter of 2012. The company continues to generate huge net customer addition in Latin America, increased ARPU in the U.S., and higher operating margin and OPBDA. However, its net subscriber addition in the U.S. market has slowed down during the last four quarters. Management cited stricter credit standards and reduced promotional discounts are the primary reasons for soft net subscriber addition in the U.S. The company is desperately trying to establish itself as a premier pay-TV operator targeting high-quality subscribers. Management is confident that it will be able to achieve its long-term financial goals in 2013 without any hiccup. Nevertheless, competitive threats to the pay-TV industry and slow economic growth are near-term concerns. We believe the stock is fairly valued and, thus, maintain our long-term Neutral recommendation on DIRECTV. "
Jefferies Group cut their EPS estimates on shares of El Paso Electric (EE). They now have a hold rating and a $32.00 price target on the stock. They wrote, "Following an update of our forecast model we are lowering our 2013 estimate by $0.05 to $2.35 and our 2014 estimate by $0.15 to $2.35. . The major positive drivers for the three year period include customer growth, the AFUDC contribution of new projects and rate relief. Offsetting these positives is the loss of AFUDC contribution when new projects go on line, higher depreciation expense, increased interest expense and higher operating costs. Also contributing to the earnings drag is expense inflation and a return to normal weather."
Zacks reiterated its buy rating on shares of Enterprise Products Partners (EPD).
Brean Murray initiated coverage on shares of Evolution Petroleum Co. (EPM). They issued a buy rating on the stock and set a $11.00 price target.
Oracle Investment Research upgraded shares of Freeport McMoRan Copper and Gold Inc (FCX) from a buy rating to a strong-buy rating.
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