Equity Brief: Ratings Changes for December 18th: KSS, KSS, KSU, LGP, LLL, LM, LMNX, LNCO, LOGM
(Thomson Reuters ONE) -
A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily)
and Equity Brief:
Gilford Securities downgraded shares of Kohls Corp (KSS) from a buy rating to a
hold rating.
Deutsche Bank reiterated its hold rating on shares of Kohls Corp (KSS). They
have a $62.00 price target on the stock, up previously from $45.00.
Barclays Capital reiterated its rating on shares of Kansas City Southern (KSU).
They have a $81.00 price target on the stock.
FBR Capital downgraded shares of Kansas City Southern (KSU) from an outperform
rating to a market perform rating. Their analysts now have a $75.00 price target
on the stock, down previously from $95.00.
Robert W. Baird reiterated its rating on shares of Lehigh Gas Partners (LGP).
They have a $26.00 price target on the stock.
Zacks upgraded shares of L-3 Communications (LLL) from an underperform rating to
a neutral rating. Zacks now has a $79.00 price target on the stock. Zacks'
analyst wrote, "L-3 Communications Holdings Inc. has ample opportunity for
growth and profit expansion after the favorable conclusion to the spin-off of
its Government Services businesses. The company has retained its profitable
Cyber, Intelligence, and Security Solutions business. The spin-off also removes
a lot of uncertainty with respect to revenue and takes away some of the low
margin businesses of the company. Over the longer run, we view the company as
one of the best-positioned pure defense players based on its non-platform focus,
broad diversification of programs and its focus on shareholder value. However,
negative offsets include the loss of key contracts, defense spending cuts and
the lack of near-term catalysts. Order growth and volume increases also remain
dubious in this challenging environment. Thus we would advise investors to
remain on the sidelines for now until the ongoing macro headwinds subside."
Zacks upgraded shares of Legg Mason, Inc. (LM) from an underperform rating to a
neutral rating. Zacks now has a $26.00 price target on the stock. Zacks' analyst
wrote, "We are upgrading our recommendation on Legg Mason to Neutral from
Underperform attributable to the recent acquisition of Fauchier Partners.
Moreover, the company reported strong fiscal second quarter 2013 earnings, which
significantly outpaced the Zacks Consensus Estimate. Higher top-line growth,
aided primarily by improved investment advisory fees and other revenues acted as
a tailwind for the quarter. Yet, increased operating expenses acted as a
dampener. We believe Legg Mason has the potential to outperform its peers in the
long run, given its diversified product mix and leverage to the changing market
demography. However, in the near term, assets outflows will remain a significant
headwind. Yet, with the restructuring initiatives, recent acquisition and cost-
cutting measures, we expect operating efficiencies to improve."
Zacks reiterated its neutral rating on shares of Luminex (LMNX). They have a
$17.00 price target on the stock. Zacks' analyst wrote, "We maintain our Neutral
recommendation on Luminex following its third quarter results. Luminex's
revenues and earnings missed the Zacks Consensus Estimates. Moreover, profit
declined mainly due to higher operating expenses associated with acquisitions.
Top line growth was led by strong assay sales. Following the Eragen acquisition,
the company recently completed the takeover of GenturaDx. Luminex's wide product
range and significant international presence are encouraging. Moreover, the
company has an impressive pipeline, which if successfully developed, will drive
future growth. However, Luminex operates in an intensely competitive market and
is exposed to regulatory risk. Further, the company is challenged by sluggish
growth in its core markets. "
Robert W. Baird reiterated its rating on shares of LinnCo LLC (LNCO). They have
a $48.00 price target on the stock.
Northland Securities initiated coverage on shares of LogMeIn Inc (LOGM). They
issued an outperform rating on the stock and set a $28.00 price target.
UBS AG downgraded shares of LG Display Co Ltd. (LPL) from a buy rating to a
neutral rating.
Stay on top of analysts' coverage with Analyst Ratings Network's free daily
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Source: Equity Brief via Thomson Reuters ONE
[HUG#1666084]
Datum: 18.12.2012 - 16:29 Uhr
Sprache: Deutsch
News-ID 214026
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