Friday, July 8, 2011

SunPower (SPWRA) (LDK) (NE) (FST) (MCD) Price Targets Changed

Price targets on SunPower Co. (NASDAQ: SPWRA), LDK Solar (NYSE: LDK), Noble Corp (NYSE: NE), Forest Oil Co. (NYSE: FST) and McDonald’s (NYSE: MCD) were adjusted by analysts.

Bank of America (NYSE:BAC) raised their price target on McDonald’s (MCD) to $96.00. They have a “buy” rating on the company.

RBC Capital cut their price target on Noble Corp (NE) from $50.00 to $44.00. They have an “outperform” rating on the company.

Jefferies (NYSE:JEF) cut their price target on shares of SunPower Co. (SPWRA) to $18.00. They have a “hold” rating on the company.

HSBC (NYSE:HBC) cut their price target on LDK Solar (LDK) from $9.80 to $5.60. They have an “underweight” rating on the company.

RBC Capital cut their price target on Forest Oil Co. (FST) from $45.00 to $37.00. They now have an “outperform” rating on the company.

Goldman Sachs (NYSE:GS) cut their price target on Forest Oil Co. to $32.00.

Forest Oil closed Thursday at $24.24, falling $3.83, or 13.64 percent. McDonald's closed at $86.06, gaining $0.20, or 0.23 percent. LDK Solar closed at $6.88, dropping $0.18, or 2.55 percent. Noble closed at $37.69, down $0.66, or 1.72 percent. SunPower ended the day at $20.06, climbing $0.19, or 0.96 percent.

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