Equity Brief : Equity Brief: Ratings Changes for December 7th: FIO, FIS, FISV,
GPOR, GS, HBAN, HE, HMA
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:
Bank of America initiated coverage on shares of Fusion-Io Inc. (FIO). They
issued a buy rating on the stock and set a $30.00 price target. They wrote,
"Fusion-io (FIO) is positioned well as the clear market leader in server-side
flash with a time to market advantage and strong software/hardware portfolio.
The server-side flash market continues to gain enterprise traction and has a
large total available market (TAM), with low, but rapidly growing penetration,
which is fueling outsized revenue growth at FIO. We believe the company can
maintain its innovative edge (1-2 years), even with increasing competition in
Jefferies Group initiated coverage on shares of Fidelity National Information
Services (FIS). They issued a hold rating on the stock.
Jefferies Group initiated coverage on shares of Fiserv, Inc. (FISV). They
issued a buy rating on the stock.
Stifel Nicolaus downgraded shares of Gulfport Energy Co. (GPOR) from a buy
rating to a hold rating. They noted that the move was a valuation call. They
noted that the move was a valuation call.
SunTrust initiated coverage on shares of Goldman Sachs (GS). They issued a
neutral rating on the stock and set a $123.00 price target.
SunTrust initiated coverage on shares of Huntington Bancshares Incorporated
(HBAN). They issued a neutral rating on the stock and set a $6.50 price
Gabelli initiated coverage on shares of Hawaiian Electric (HE). They issued a
hold rating on the stock. They wrote, "We regard HE as an improving utility
story complimented by a high quality bank. Driven by more constructive rate
treatment of growing infrastructure investment, we expect above-average
utility earnings growth. Our 2012, 2013, and 2014 earnings estimates are
$1.60, $1.70, and $1.85 per share, respectively."
Zacks downgraded shares of Health Management Associates (HMA) to an
Stephens downgraded shares of InterDigital, Inc. (IDCC) from an overweight
rating to an equal weight rating. Their analysts now have a $52.00 price
target on the stock.
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Source: Equity Brief via Thomson Reuters ONE
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