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UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on General Mills
Friday, December 21, 2012 - 12:32pm | 181In a report published Friday, Credit Suisse Group reiterated its Neutral rating on General Mills (NYSE: GIS), and raised its price target from $42.00 to $44.00. Credit Suisse noted, “General Mills reported a 2Q13 EPS beat of $0.86, above consensus of $0.79 and $0.76 the prior year. But the stock...
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UPDATE: Credit Suisse Downgrades Goldcorp to Neutral, Lowers PT
Friday, December 21, 2012 - 12:32pm | 147In a report published Friday, Credit Suisse Group downgraded its rating on Goldcorp (NYSE: GG) from Outperform to Neutral, and lowered its price target from $58.00 to $45.00. Credit Suisse noted, “Target price revised to $45 (from $58), rating revised to Neutral (from Outperform). Credit Suisse...
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UPDATE: Credit Suisse Initiates Coverage on Crosstex Energy with Outperform Rating, $19 PT
Friday, December 21, 2012 - 12:31pm | 148In a report published Friday, Credit Suisse Group initiated coverage on Crosstex Energy (NASDAQ: XTXI) with an Outperform rating and $19.00 price target. Credit Suisse noted, “We are initiating coverage of Crosstex Energy, Inc. (XTXI) with an Outperform rating. As the owner of the general partner...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on PNC Financial Services
Friday, December 21, 2012 - 12:30pm | 139In a report published Friday, Credit Suisse Group reiterated its Neutral rating on PNC Financial Services (NYSE: PNC), but lowered its price target from $68.00 to $66.00. Credit Suisse noted, “While PNC has some levers to pull in terms of earnings growth into next year, including expense declines...
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UPDATE: Credit Suisse Initiates Coverage on Crosstex Energy with Outperform Rating, $18 PT
Friday, December 21, 2012 - 12:09pm | 132In a report published Friday, Credit Suisse Group initiated coverage on Crosstex Energy LP (NASDAQ: XTEX) with an Outperform rating and $18.00 price target. Credit Suisse noted, “We are initiating coverage of XTEX with an Outperform rating, as we believe that the mostly fee-based revenues produced...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on Adobe Systems
Friday, December 14, 2012 - 10:50am | 163In a report published Friday, Credit Suisse Group reiterated its Neutral rating on Adobe Systems (NASDAQ: ADBE), and raised its price target from $30.00 to $32.50. Credit Suisse noted, “We remain cautious on Adobe's stock during the transition to a subscription-based licensing model for Creative...
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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Phillips 66
Friday, December 14, 2012 - 10:50am | 190In a report published Friday, Credit Suisse Group reiterated its Outperform rating on Phillips 66 (NYSE: PSX), and raised its price target from $60.00 to $70.00. Credit Suisse noted, “After the PSX analyst day, we raise our longer-term earnings by $0.5bn and our TP to $70/sh (from $60/sh) (34%...
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UPDATE: Credit Suisse Upgrades Bazaarvoice to Outperform, Reiterates $18 PT
Friday, December 14, 2012 - 10:15am | 116In a report published Friday, Credit Suisse Group upgraded its rating on Bazaarvoice (NASDAQ: BV) from Neutral to Outperform, and reiterated its $18.00 price target. Credit Suisse noted, “PowerReviews and Longboard Media acquisitions grew Bazaarvoice's retailer footprint and its addressable market...
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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on CVS Caremark Corporation
Friday, December 14, 2012 - 10:15am | 195In a report published Friday, Credit Suisse Group reiterated its Outperform rating on CVS Caremark Corporation (NYSE: CVS), and raised its price target from $50.00 to $55.00. Credit Suisse noted, “CVS' surprising strong guidance at its analyst day yesterday provided fuel to a story that looked be...
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UPDATE: Credit Suisse Downgrades Volcano Corporation to Neutral, Lowers PT
Wednesday, December 12, 2012 - 10:23am | 124In a report published Wednesday, Credit Suisse Group downgraded its rating on Volcano Corporation (NASDAQ: VOLC) from Outperform to Neutral, and lowered its price target from $32.00 to $27.00. Credit Suisse noted, “While we do not see achievement of the acquisition metrics outlined above as...
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UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Dollar General Corp.
Wednesday, December 12, 2012 - 10:23am | 158In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Dollar General Corp. (NYSE: DG), but lowered its price target from $56.00 to $48.00. Credit Suisse noted, “DG's Q3 earnings confirmed investor fears that momentum is slowing and the company appears to be facing a...
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UPDATE: Credit Suisse Initiates Coverage on Yelp with Outperform Rating, $25 PT
Wednesday, December 12, 2012 - 10:22am | 125In a report published Wednesday, Credit Suisse Group initiated coverage on Yelp (NYSE: YELP) with an Outperform rating and $25.00 price target. Credit Suisse noted, “Our analysis suggests that the conversion rate of claimed local businesses to active local accounts is greater by a factor of 2x for...
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UPDATE: Credit Suisse Upgrades Isle of Capri Casinos to Neutral, Raises PT
Monday, December 10, 2012 - 10:23am | 154In a report published Monday, Credit Suisse Group upgraded its rating on Isle of Capri Casinos (NASDAQ: ISLE) from Underperform to Neutral and raised its price target from $5.00 to $5.50. Credit Suisse noted, “ISLE shares have fallen 28.5% since October 1 versus 1.6%/1.8% declines in the S&P...
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UPDATE: Credit Suisse Upgrades QR Energy LP to Outperform, Lowers PT
Monday, December 10, 2012 - 10:06am | 120In a report published Monday, Credit Suisse Group upgraded its rating on QR Energy LP (NYSE: QRE) from Neutral to Outperform, but lowered its price target from $22.00 to $20.00. Credit Suisse noted, “In our view, QRE is poised to outperform now that the equity overhang has been removed....
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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Lululemon Athletica
Friday, December 7, 2012 - 10:01am | 120In a report published Friday, Credit Suisse Group reiterated its Outperform rating on Lululemon Athletica (NASDAQ: LULU), and raised its price target from $84.00 to $86.00. Credit Suisse noted, “Strong 3Q results (18% comps, $316.5M, $0.39 vs. Street's 14%, $305.1M, $0.37) indicates core demand...