EOG Resources (NYSE: EOG), Robert Half (NYSE: RHI), Schnitzer Steel (NASDAQ: SCHN), Empresa Nacional de Electricidad (NYSE: EOC), EOG Resources (NYSE: EOG) and First Potomac Realty (NYSE: FPO) were downgraded by analysts.
Robert Half (RHI) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.
Red Hat (RHT) was downgraded by Bank of America to a “Neutral” rating.
Schnitzer Steel (SCHN) was downgraded by CLSA from an “Outperform” rating to an “Underperform” rating.
Empresa Nacional de Electricidad (EOC) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.
EOG Resources (EOG) was downgraded by Scotia Capital from an “Outperform” rating to a “Sector Perform” rating.
First Potomac Realty (FPO) was downgraded by Keefe, Bruyette & Woods, Inc. from an “Outperform” rating to a “Market Perform” rating.
Showing posts with label Red Hat. Show all posts
Showing posts with label Red Hat. Show all posts
Wednesday, December 21, 2011
Red Hat (RHT) (SGY) (SLH) (SLXP) (CVA) (DVA) Price Targets Changed
Red Hat (NYSE: RHT), Stone Energy (NYSE: SGY), Solera Holdings, Inc. (NYSE: SLH), Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP), Covanta (NYSE: CVA) and DaVita Inc. (NYSE: DVA) had price targets on them adjusted by analysts.
Red Hat (RHT) had its price target lowered by Piper Jaffray (NYSE:PJC) to $59.00.
Stone Energy (SGY) had its price target raised by Rodman & Renshaw from $32.00 to $34.00. They have an “Outperform” rating on the company.
Solera Holdings, Inc. (SLH) had its price target lowered by Piper Jaffray to $52.00.
Salix Pharmaceuticals, Ltd. (SLXP) had its price target raised by Jefferies (NYSE:JEF) to $50.00.
Covanta (CVA) had its price target lowered by Bank of America (NYSE:BAC) to $18.00. They have a “Buy” rating on the company.
DaVita Inc. (DVA) had its price target lowered by Citigroup (NYSE:C) to $78.00.
Red Hat (RHT) had its price target lowered by Piper Jaffray (NYSE:PJC) to $59.00.
Stone Energy (SGY) had its price target raised by Rodman & Renshaw from $32.00 to $34.00. They have an “Outperform” rating on the company.
Solera Holdings, Inc. (SLH) had its price target lowered by Piper Jaffray to $52.00.
Salix Pharmaceuticals, Ltd. (SLXP) had its price target raised by Jefferies (NYSE:JEF) to $50.00.
Covanta (CVA) had its price target lowered by Bank of America (NYSE:BAC) to $18.00. They have a “Buy” rating on the company.
DaVita Inc. (DVA) had its price target lowered by Citigroup (NYSE:C) to $78.00.
Red Hat (RHT) (OME) (QIHU) (CCSC) (EQU) (PHH) Biggest NYSE Losers
Red Hat (RHT), Omega Protein Co. (OME), Qihoo 360 Technology (QIHU), Country Style Cooking (CCSC), Equal Energy Ltd (EQU) and PHH Co. (PHH) were the biggest losers on the NYSE.
Red Hat (RHT) ended the session down 8.79 percent, closing at $42.00. They traded in a range of $41.71 to $44.55. A total of 13,104,225 shares changed hands.
Omega Protein Co. (OME) ended the session down 5.59 percent, closing at $6.59. They traded in a range of $6.47 to $7.23. A total of 260,803 shares changed hands.
Qihoo 360 Technology (QIHU) ended the session down 4.67 percent, closing at $16.13. They traded in a range of $15.82 to $17.11. A total of 1,335,428 shares changed hands.
Country Style Cooking (CCSC) ended the session down 3.45 percent, closing at $7.00. They traded in a range of $6.85 to $7.39. A total of 118,837 shares changed hands.
Equal Energy Ltd (EQU) ended the session down 3.39 percent, closing at $4.28. They traded in a range of $4.24 to $4.54. A total of 248,129 shares changed hands.
PHH Co. (PHH) ended the session down 3.23 percent, closing at $13.49. They traded in a range of $13.46 to $14.24. A total of 484,949 shares changed hands.
Red Hat (RHT) ended the session down 8.79 percent, closing at $42.00. They traded in a range of $41.71 to $44.55. A total of 13,104,225 shares changed hands.
Omega Protein Co. (OME) ended the session down 5.59 percent, closing at $6.59. They traded in a range of $6.47 to $7.23. A total of 260,803 shares changed hands.
Qihoo 360 Technology (QIHU) ended the session down 4.67 percent, closing at $16.13. They traded in a range of $15.82 to $17.11. A total of 1,335,428 shares changed hands.
Country Style Cooking (CCSC) ended the session down 3.45 percent, closing at $7.00. They traded in a range of $6.85 to $7.39. A total of 118,837 shares changed hands.
Equal Energy Ltd (EQU) ended the session down 3.39 percent, closing at $4.28. They traded in a range of $4.24 to $4.54. A total of 248,129 shares changed hands.
PHH Co. (PHH) ended the session down 3.23 percent, closing at $13.49. They traded in a range of $13.46 to $14.24. A total of 484,949 shares changed hands.
Tuesday, December 20, 2011
Medley (MCC) (MFC) (NRF) (RHT) (SUG) (DDE) Ratings, Price Targets
Medley Capital (NYSE: MCC), Manulife Financial (NYSE: MFC), Northstar Realty Finance Corp. (NYSE: NRF), Red Hat (NYSE: RHT), Southern Union Company (NYSE: SUG) and Dover Downs Gaming And Entertainment Inc. (NYSE: DDE) ratings and price targets.
Medley Capital (NYSE: MCC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Manulife Financial (MFC) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Northstar Realty Finance Corp. (NRF) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Red Hat (RHT) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Southern Union Company (SUG) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $44.00 on the stock.
Dover Downs Gaming And Entertainment Inc. (DDE) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Medley Capital (NYSE: MCC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Manulife Financial (MFC) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Northstar Realty Finance Corp. (NRF) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Red Hat (RHT) was downgraded by Bank of America (NYSE:BAC) to a “Neutral” rating.
Southern Union Company (SUG) had its “Neutral” rating reiterated by Zacks Investment Research. They have a price target of $44.00 on the stock.
Dover Downs Gaming And Entertainment Inc. (DDE) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Red Hat (RHT) (ORCL) (OSUR) (PLCM) (COH) (NTCT) Ratings, Price Targets
Red Hat (NYSE: RHT), Oracle (NASDAQ: ORCL), OraSure Technologies, Inc. (NASDAQ: OSUR), Polycom (NASDAQ: PLCM), Coach (NYSE: COH) and NetScout Systems, Inc. (NASDAQ: NTCT) ratings and price targets.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Oracle (ORCL).
Canaccord Genuity reiterated its "Buy" rating on OraSure Technologies, Inc. (OSUR).
Zacks Investment Research reiterated its "Neutral" rating on Polycom (PLCM). They have a price target of $16.00 on the company.
Collins Stewart initiated coverage on Coach (COH). They have a “Neutral” rating and a price target of $67.00 on the company.
NetScout Systems, Inc. (NTCT) had its price target boosted by Wunderlich from $16.00 to $19.00. They have a “Hold” rating on the company.
Red Hat (RHT) had its price target lowered by Citigroup (NYSE:C) to $59.00.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Oracle (ORCL).
Canaccord Genuity reiterated its "Buy" rating on OraSure Technologies, Inc. (OSUR).
Zacks Investment Research reiterated its "Neutral" rating on Polycom (PLCM). They have a price target of $16.00 on the company.
Collins Stewart initiated coverage on Coach (COH). They have a “Neutral” rating and a price target of $67.00 on the company.
NetScout Systems, Inc. (NTCT) had its price target boosted by Wunderlich from $16.00 to $19.00. They have a “Hold” rating on the company.
Red Hat (RHT) had its price target lowered by Citigroup (NYSE:C) to $59.00.
Wednesday, August 24, 2011
Semtech (SMTC) (LOGM) (ORCL) (RHT) (SFSF) Price Targets Changed
Semtech (NASDAQ: SMTC), LogMeIn Inc (NASDAQ: LOGM), Oracle (NASDAQ: ORCL), Red Hat (NYSE: RHT) and SuccessFactors, Inc. (NASDAQ: SFSF) had price targets adjusted by analysts.
Semtech (SMTC) had its price target lowered by Oppenheimer from $35.00 to $30.00. They have an “Outperform” rating on the company.
LogMeIn Inc. (LOGM) had its price target lowered by Stifel Nicolaus from $50.00 to $42.00. They have a “Buy” rating on the company.
Oracle (ORCL) had its price target lowered by Stifel Nicolaus from $38.00 to $34.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target lowered by Stifel Nicolaus from $49.00 to $42.00. They have a “Buy” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by Stifel Nicolaus from $38.00 to $31.00. They have a “Buy” rating on the company.
Semtech (SMTC) had its price target lowered by Oppenheimer from $35.00 to $30.00. They have an “Outperform” rating on the company.
LogMeIn Inc. (LOGM) had its price target lowered by Stifel Nicolaus from $50.00 to $42.00. They have a “Buy” rating on the company.
Oracle (ORCL) had its price target lowered by Stifel Nicolaus from $38.00 to $34.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target lowered by Stifel Nicolaus from $49.00 to $42.00. They have a “Buy” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by Stifel Nicolaus from $38.00 to $31.00. They have a “Buy” rating on the company.
Friday, August 19, 2011
Teva (TEVA) (CVLT) (DHR) (RHT) (IART) (LPS) (PRX) (PSMT) Get New Coverage
Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Commvault Systems (NASDAQ: CVLT), Danaher Co. (NYSE: DHR), Red Hat (NYSE: RHT), Integra LifeSciences (NASDAQ: IART), Lender Processing Services Incorporated (NYSE: LPS), Par Pharmaceutical Companies Incorporated (NYSE: PRX) and PriceSmart, Inc. (NASDAQ: PSMT) getting new analyst coverage.
Leerink initiated coverage on Teva Pharmaceutical Industries Ltd (TEVA). They placed an “Outperform” rating on the company.
Jefferies initiated coverage on Commvault Systems (CVLT). They placed a “Hold” rating on the company.
Macquarie initiated coverage on Danaher Co. (DHR). They placed an “Outperform” rating on the company.
Citigroup (NYSE:C) initiated coverage on Red Hat (RHT). They placed a “Buy” rating and a price target of $45.00 on the company.
Stifel Nicolaus initiated coverage on Integra LifeSciences (IART). They placed a “Hold” rating on the company.
Sterne Agee initiated coverage on Lender Processing Services Incorporated (LPS). They placed a “Neutral” rating on the company. They cited valuation as the catalyst behind the call.
Leerink initiated coverage on Par Pharmaceutical Companies Incorporated (PRX). They placed an “Outperform” rating on the company.
Janney Montgomery Scott initiated coverage on PriceSmart, Inc. (PSMT). They placed a “Buy” rating on the company.
Leerink initiated coverage on Teva Pharmaceutical Industries Ltd (TEVA). They placed an “Outperform” rating on the company.
Jefferies initiated coverage on Commvault Systems (CVLT). They placed a “Hold” rating on the company.
Macquarie initiated coverage on Danaher Co. (DHR). They placed an “Outperform” rating on the company.
Citigroup (NYSE:C) initiated coverage on Red Hat (RHT). They placed a “Buy” rating and a price target of $45.00 on the company.
Stifel Nicolaus initiated coverage on Integra LifeSciences (IART). They placed a “Hold” rating on the company.
Sterne Agee initiated coverage on Lender Processing Services Incorporated (LPS). They placed a “Neutral” rating on the company. They cited valuation as the catalyst behind the call.
Leerink initiated coverage on Par Pharmaceutical Companies Incorporated (PRX). They placed an “Outperform” rating on the company.
Janney Montgomery Scott initiated coverage on PriceSmart, Inc. (PSMT). They placed a “Buy” rating on the company.
Thursday, February 24, 2011
JPMorgan (JPM) Says Red Hat (RHT) Free Cash Flow Doesn't Make Sense
Shares of Red Hat (NYSE:RHT) are up 24 cents, or 0.6%, at $40.82 despite JP Morgan’s (NYSE:JPM) John Difucci today cutting his rating on the stock to Underperform from Neutral, writing that the company’s projected free cash flow growth of 25% is unlikely to materialize.
At the current price, writes Difucci, the stock is being valued based on future free cash flow growing at 25% per year. However, the company’s only been increasing free cash flow at about 8% per year, he writes. He gives the company the benefit of the doubt that it can increase that rate to more like 15% for a couple of years beyond 2012, which would imply, he believes, a stock value of $32. Should the company not pick up its growth rate, it could be worth as little as $27.
Since growth is unlikely in the company’s core middleware and Linux operating system license businesses, Red Hat would have to materially increase its sales of “virtualization” software, he writes, which he deems unlikely.
“We believe it is risky to assume Red Hat will become a meaningful player in server virtualization at this time,” writes Difucci, noting that customers seem mostly fairly happy with the titan in the business, VMWare (VMW), and that Microsoft (MSFT) and Citrix Systems (CTXS), and Oracle (ORCL) also have designs on that market. Red Hat has no clear advantage over those other contenders, he writes.
Full Story
At the current price, writes Difucci, the stock is being valued based on future free cash flow growing at 25% per year. However, the company’s only been increasing free cash flow at about 8% per year, he writes. He gives the company the benefit of the doubt that it can increase that rate to more like 15% for a couple of years beyond 2012, which would imply, he believes, a stock value of $32. Should the company not pick up its growth rate, it could be worth as little as $27.
Since growth is unlikely in the company’s core middleware and Linux operating system license businesses, Red Hat would have to materially increase its sales of “virtualization” software, he writes, which he deems unlikely.
“We believe it is risky to assume Red Hat will become a meaningful player in server virtualization at this time,” writes Difucci, noting that customers seem mostly fairly happy with the titan in the business, VMWare (VMW), and that Microsoft (MSFT) and Citrix Systems (CTXS), and Oracle (ORCL) also have designs on that market. Red Hat has no clear advantage over those other contenders, he writes.
Full Story
Monday, December 27, 2010
Red Hat (NYSE:RHT) One of Better Investment Opportunities in Enterprise Software
Citing their strong positioning in cloud computing, open source and Virtualization, along with Red Hat's (NYSE:RHT) "predictable and profitable subscription revenue model," Gleacher sees them as one of the better investment opportunities in the enterprise software sector.
Gleacher said, "Red Hat is strategically positioned to leverage three major themes in technology - open source, cloud computing and virtualization (i.e., an impressive hat trick). Combine this with a predictable and profitable subscription revenue model and we view Red Hat as one of the more compelling investment opportunities in enterprise software."
Gleacher & Co. reiterated a "Buy" on Red Hat, which last closed at $46.51, down $0.19, or 0.41 percent. Gleacher has a price target of $59 on them.
Gleacher said, "Red Hat is strategically positioned to leverage three major themes in technology - open source, cloud computing and virtualization (i.e., an impressive hat trick). Combine this with a predictable and profitable subscription revenue model and we view Red Hat as one of the more compelling investment opportunities in enterprise software."
Gleacher & Co. reiterated a "Buy" on Red Hat, which last closed at $46.51, down $0.19, or 0.41 percent. Gleacher has a price target of $59 on them.
Thursday, December 23, 2010
Red Hat (NYSE:RHT) Driven by All Open Source Stack
The quality third quarter of Red Hat (NYSE:RHT) was the result of every open source stack performing strongly.
Barclays (NYSE:BCS) said, "Red Hat delivered a solid Q3, with upside to our revenue, billings and cash flow estimates, driven by momentum across the entire open source stack, including RHEL, JBoss, management and virtualization. We are raising our FY12 billings and cash flow estimates to $1.174 billion (+18%) and $366 million from $1.13 billion and $360 million to reflect sustaining pipeline builds. However, with the stock trading at 31x our C11 free cash flow estimate (or 25x C12 estimate), we believe results are largely discounted in share price."
Barclays maintains an "Equalweight" rating on Red Hat, which closed Wednesday at $46.70, down $1.18, or 2.46 percent. They raised their price target on Red Hat from $36 to $48.
Barclays (NYSE:BCS) said, "Red Hat delivered a solid Q3, with upside to our revenue, billings and cash flow estimates, driven by momentum across the entire open source stack, including RHEL, JBoss, management and virtualization. We are raising our FY12 billings and cash flow estimates to $1.174 billion (+18%) and $366 million from $1.13 billion and $360 million to reflect sustaining pipeline builds. However, with the stock trading at 31x our C11 free cash flow estimate (or 25x C12 estimate), we believe results are largely discounted in share price."
Barclays maintains an "Equalweight" rating on Red Hat, which closed Wednesday at $46.70, down $1.18, or 2.46 percent. They raised their price target on Red Hat from $36 to $48.
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