Thursday, December 1, 2011

PNM (PNM) (RHT) (RUE) (LCC) (LINE) (MGI) Ratings, Price Targets

PNM Resources, Inc. (PNM), Red Hat (RHT), Rue21 (RUE), US Airways Group, Inc. (LCC), Linn Energy, LLC (LINE) and MoneyGram International, Inc. (MGI) ratings and price targets.

SunTrust (NYSE:STI) downgraded PNM Resources, Inc. (PNM) from a “Buy” rating to a “Neutral” rating.

Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on Red Hat (RHT).

Piper Jaffray reiterated its “Overweight” rating on Rue21 (RUE). They have a price target of $36.00 on the company.

Barclays Capital upgraded US Airways Group, Inc. (LCC) from an “Equal Weight” rating to an “Overweight” rating.

Citigroup (NYSE:C) raised its price target on Linn Energy, LLC (LINE) to $47.00.

JMP Securities initiated coverage on MoneyGram International, Inc. (MGI). They placed an “Outperform” rating on the company.

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