Equity Brief: Ratings Changes for November 27th: SRPT, TRV, TSRX, URBN, VICL, VPHM, VSAT, WWW
Burrill Institutional Research initiated coverage on shares of Sarepta Therapeutic (NASDAQ: SRPT). They issued an outperform rating on the stock and set a $54.00 price target.
Zacks downgraded shares of The Travelers Companies, Inc. (NYSE: TRV) from an outperform rating to a neutral rating. Their analysts now have a $75.00 price target on the stock. Zacks' analyst wrote, "We are downgrading Travelers to Neutral from Outperform as we remain concerned about its fourth quarter results being negatively affected due to the catastrophe loss owing to Superstorm Sandy. Travelers third quarter earnings outperformed our expectations due to lower catastrophe losses, sturdy underwriting results and solid investment income. Top line also surpassed our expectations, driven by the augmentation in premiums earned and net investment income. Based on a high retention rate, pricing gains, positive renewal rate changes, prudent underwriting practice, strong capital position and strong ratings, Travelers is poised to perform better going forward. Travelers' continuous share buyback strategy has a positive impact on earnings per share and also bolsters shareholder value. Also, the quarter experienced improvement in the debt capital ratio. "
Leerink Swann initiated coverage on shares of Trius Therapeutics Inc (NASDAQ: TSRX). They issued an outperform rating on the stock.
Zacks downgraded shares of Urban Outfitters, Inc. (NASDAQ: URBN) from an outperform rating to a neutral rating. Their analysts now have a $40.00 price target on the stock.
Citigroup initiated coverage on shares of Vical Incorporated (NASDAQ: VICL). They issued a buy rating on the stock and set a $6.00 price target.
Leerink Swann upgraded shares of ViroPharma Incorporated (VPHM) from a market perform rating to an outperform rating. Leerink Swann now has a $30.00 price target on the stock, up previously from $27.00.
Macquarie upgraded shares of ViaSat (VSAT) from an underperform rating to a neutral rating. Macquarie now has a $32.00 price target on the stock.
Goldman Sachs initiated coverage on shares of Wolverine World Wide (WWW). They issued a neutral rating on the stock and set a $43.00 price target.
Cantor Fitzgerald upgraded shares of Yelp (YELP) from a hold rating to a buy rating. Cantor Fitzgerald now has a $24.00 price target on the stock.
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Source: Equity Brief via Thomson Reuters ONE