Stocks to Watch:
Brokers changed their views of the following stocks before trading began on Tuesday, July 12. Here are the new price targets as compiled by Reuters:
Possible Winners
- Accenture Plc (ACN): JP Morgan cut its price target for this stock to $120 from $124. Pacific Crest started coverage with an overweight rating at $129.
- Alcoa Inc. (AA): JP Morgan raised its price target to $10 from $9, while Stiffel also increased its target to $13 from $12.
- Chubb Ltd (CB): Citigroup raised it price target to $139 from $135, and MKM Partners increased its target price to $150 from $140.
- Haliburton Co. (HAL): Citigroup raised its price target to $52 from $49. Deutsche upped its target to $49 from $47.
- Hess Corp. (HES): Deutsche Bank raises target price to $61 from $60.Wolfe upped its target to $72 from $70.
- Patterson-UTI Energy Inc (PTEN): Citigroup raises price target to $23 from $20. KLR raises target price to $29 from $27
- Seagate (STX): Brean raises target price to $35 from $30. Cowen and Co raises target price to $26 from $23; Goldman Sachs raises price target to $26 from $23. Morgan Stanley raises target price to $27 from $20. Needham raises target price to $33 from $31. RBC raises price target to $27 from $24. UBS raises price target to $15 from $14.
- U.S. Silica Holdings Inc (SLCA): Citigroup raises price target to $40 from $32. KLR Group raises price target to $36 from $26.
Possible Losers
- Baker Hughes Inc. (BHI): Citigroup cuts its price target to $52 from $54. Deutsche also cut its target to $38 from $40
- Cognizant Technology Solutions (CTSH): JP Morgan cut its price target to $63 from $68. Pacific Crest started coverage with a target of $69
- Imperva Inc.(IMPV): Deutsche Bank cuts target price to $43 from $45.JP Morgan cuts price target to $46 from $50. Nomura cuts target price to $55 from $60;Pacific Crest cuts price target to $57 from $65;RBC cuts price target to $49 from $55.
- Weatherford International (WFT): KLR Group cuts price target to $7 from $7.25. Bernstein cuts target price to $51 from $53.
[source :-ibtimes]
