Stock Analysts’ ratings reiterations for Monday, September 23rd:
BlackBerry (NASDAQ:BBRY) had its underperform rating reaffirmed by analysts at Macquarie. They currently have a $7.00 target price on the stock, down from their previous target price of $9.00.
BlackBerry (NASDAQ:BBRY) had its neutral rating reiterated by analysts at Nomura. They currently have a $9.00 price target on the stock, down from their previous price target of $10.00. The analysts wrote, “BlackBerry pre-announced Q2 headline results, saying that revenues will be around $1.6bn (consensus was $3.1bn), that an inventory write-down would total $930-960m, that adjusted net loss would hit $250-265m, and that cash outflow would total nearly $500m. This might just be the worst miss that we have seen in 17 years of covering tech stocks. Management has announced more headcount cuts, a further slimming down of the handset portfolio, and an exit from the consumer market. Many IT departments have started looking at BlackBerry alternatives. The board still has no update on its search for strategic alternatives. In the absence of an announcement on strategic options by the board, management can only try to manage the pace of declines.”
Bonanza Creek Energy (NASDAQ:BCEI) had its buy rating reaffirmed by analysts at Raymond James. Raymond James currently has a $48.00 price target on the stock.
Boyd Gaming Corp. (NYSE:BYD) had its hold rating reissued by analysts at Sterne Agee. The firm currently has a $12.25 target price on the stock.
Clean Harbors (NYSE:CLH) had its buy rating reiterated by analysts at Oppenheimer. Oppenheimer currently has a $64.00 target price on the stock.
Diamond Offshore Drilling (NYSE:DO) had its buy rating reiterated by analysts at Wunderlich. Wunderlich currently has a $90.00 price target on the stock.
FEI (NASDAQ:FEIC) had its buy rating reissued by analysts at Needham & Company. The firm currently has a $80.00 price target on the stock.
InvenSense (NASDAQ:INVN) had its buy rating reiterated by analysts at Needham & Company. They currently have a $20.00 target price on the stock.
LinkedIn Corp. (NASDAQ:LNKD) had its neutral rating reiterated by analysts at SunTrust. The analysts wrote, “We consider LinkedIn to be more of a PaaS or SaaS company, and therefore derive our valuation assumptions more from consideration of deferred revenue and bookings as well as traditional measures of EV/Revenues, EV/EBITDA and EV/FCF. We base our price target on our central tendency of value which factors in EV/Revenues, EV/EBITDA, P/FCF, and P/E, all adjusted for the growth prospects and lifecycle of the firm. Our analysis generates a 2014 price target of $250, favoring EV/Revenues and EV/EBITDA considering the stage of growth.”
Oclaro (NASDAQ:OCLR) had its hold rating reaffirmed by analysts at Needham & Company.
Prudential Financial (NYSE:PRU) had its buy rating reaffirmed by analysts at Argus. Argus currently has a $88.00 target price on the stock.
Sarepta Therapeutic (NASDAQ:SRPT) had its positive rating reaffirmed by analysts at Needham & Company.