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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on UNS Energy Corp.
Wednesday, January 23, 2013 - 1:18pm | 76In a report published Wednesday, Jefferies & Company reiterated its Buy rating on UNS Energy Corp. (NYSE: UNS), and raised its price target from $48.50 to $50.00. Jefferies noted, “UNS Energy subsidiary Tucson Electric Power reached a preliminary settlement with the Arizona Corporation...
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Jefferies & Company Reiterates Underperform Rating, $16.25 PT on Riverbed Technology
Friday, January 18, 2013 - 12:56pm | 88In a report published Friday, Jefferies & Company reiterated its Underperform rating and $16.25 price target on Riverbed Technology (NASDAQ: RVBD). Jefferies noted, “We're updating our estimates in light of the closure of Riverbed's acquisition of OPNET. As we've written previously, the deal...
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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Xilinx
Friday, January 18, 2013 - 12:56pm | 98In a report published Friday, Jefferies & Company reiterated its Hold rating on Xilinx (NASDAQ: XLNX), and slightly raised its price target from $36.00 to $37.00. Jefferies noted, “After Xilinx's CQ4 miss, we are incrementally more cautious on the stock, as we believe Moore Stress increases...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Motorola Solutions
Friday, January 18, 2013 - 11:55am | 109In a report published Friday, Jefferies & Company reiterated its Buy rating on Motorola Solutions (NYSE: MSI), and raised its price target from $60.00 to $67.00. Jefferies noted, “We are positive on MSI heading into Q4 earnings and are cautious on CRNT and NVTL. We think EMC's Q4 was not as...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Qihoo 360 Technology Co.
Friday, January 18, 2013 - 11:54am | 110In a report published Friday, Jefferies & Company reiterated its Buy rating on Qihoo 360 Technology Co. (NYSE: QIHU), and raised its price target from $35.00 to $38.00. Jefferies noted, “During Jefferies China TMT tour, we met with Mr. Hongyi Zhou, Qihoo's Chairman, and Mr. Alex Xu, Co-CFO....
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Sealed Air Corp.
Friday, January 18, 2013 - 11:54am | 92In a report published Friday, Jefferies & Company reiterated its Buy rating on Sealed Air Corp. (NYSE: SEE), and raised its price target from $20.00 to $22.00. Jefferies noted, “The underlying fundamentals for the sector are more favorable than last year, with demand stabilizing and 2013...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Rock-Tenn Company
Friday, January 18, 2013 - 11:53am | 90In a report published Friday, Jefferies & Company reiterated its Buy rating on Rock-Tenn Company (NYSE: RKT), and raised its price target from $82.00 to $87.00. Jefferies noted, “The underlying fundamentals for the sector are more favorable than last year, with demand stabilizing and 2013...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Graphic Packaging Holding Company
Friday, January 18, 2013 - 11:53am | 95In a report published Friday, Jefferies & Company reiterated its Buy rating on Graphic Packaging Holding Company (NYSE: GPK), and slightly raised its price target from $7.00 to $8.00. Jefferies noted, “The underlying fundamentals for the sector are more favorable than last year, with demand...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on A.M. Castle & Co.
Friday, January 18, 2013 - 11:52am | 102In a report published Friday, Jefferies & Company reiterated its Buy rating on A.M. Castle & Co. (NYSE: CAS), and raised its price target from $15.00 to $20.00. Jefferies noted, “Following the announcement of CAS' restructuring plan, we have increased our TP on what we believe are...
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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Extra Space Storage
Friday, January 18, 2013 - 11:51am | 94In a report published Friday, Jefferies & Company reiterated its Hold rating on Extra Space Storage (NYSE: EXR), and raised its price target from $37.00 to $40.00. Jefferies noted, “EXR held a dinner for sell-side analysts on 01/16. We left the event incrementally positive on the name. While...
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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on BB&T Corporation
Friday, January 18, 2013 - 11:51am | 104In a report published Friday, Jefferies & Company reiterated its Hold rating on BB&T Corporation (NYSE: BBT), and slightly raised its price target from $33.00 to $34.00. Jefferies noted, “We increase our '13 and '14 estimates by a nickel and a dime, respectively, both to $3.05. A better...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on PNC Financial Services Group
Friday, January 18, 2013 - 11:51am | 113In a report published Friday, Jefferies & Company reiterated its Buy rating on PNC Financial Services Group (NYSE: PNC), but lowered its price target from $72.00 to $70.00. Jefferies noted, “We reduce our '13 est. by $0.25 to $6.40 and our '14 est. by $0.15 to $6.50. A higher provision is the...
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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Capital One Financial Corp.
Friday, January 18, 2013 - 11:51am | 101In a report published Friday, Jefferies & Company reiterated its Buy rating on Capital One Financial Corp. (NYSE: COF), but lowered its price target from $70.00 to $67.00. Jefferies noted, “COF's 4Q number was a $0.19 miss to consensus and a $0.10 to our number as revenues came in lighter than...
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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on BlackRock
Friday, January 18, 2013 - 10:52am | 92In a report published Friday, Jefferies & Company reiterated its Hold rating on BlackRock (NYSE: BLK), and raised its price target from $215.00 to $230.00. Jefferies noted, “Strong 4Q12 operating results helped margins climb above 40% for 2012, where they will likely remain in 2013. Organic...
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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Nordic American Tanker Shipping Ltd.
Friday, January 18, 2013 - 10:52am | 106In a report published Friday, Jefferies & Company reiterated its Hold rating on Nordic American Tanker Shipping Ltd. (NYSE: NAT), but slightly lowered its price target from $9.00 to $8.00. Jefferies noted, “This morning, NAT announced that it would be paying a cash dividend of $0.16 per share...