Investment Analysts’ ratings reiterations for Friday, March 1st:
MasterCard (NYSE: MA) had its neutral rating reiterated by analysts at Janney Montgomery Scott. They currently have a $425.00 target price on the stock.
Medivation (NASDAQ: MDVN) had its buy rating reaffirmed by analysts at Aegis. Aegis currently has a $100.00 target price on the stock. The analysts wrote, “Yesterday afternoon, following the market close, Medivation reported financial results for 4Q and FY 2012. The firm also provided guidance on total operating expenses for 2013 ($285mm – $300mm), net of collaboration cost-sharing. While the company’s results missed our expectations on the bottom line, we note that roughly $71mm in total XTANDI™ sales was reported for 2012, significantly ahead of our original projection of only $29mm and reflective of the impact that the expanded access program and the accelerated approval of the drug have had. Encouraged by this and confident in our near- and long-term outlook for the drug, we reiterate our Buy rating and $100 12-month price target on Medivation shares.”
METRO AG (ETR: MEO3) had its neutral rating reiterated by analysts at Nomura. Nomura currently has a $29.87 price target on the stock.
Magna International (TSE: MG) had its outperform rating reaffirmed by analysts at BMO Capital Markets. BMO Capital Markets currently has a $61.00 price target on the stock.
Mitel Networks (NASDAQ: MITL) had its buy rating reiterated by analysts at Canaccord Genuity. The firm currently has a $5.00 target price on the stock, up from their previous target price of $4.00. The analysts wrote, “We reiterate our BUY rating and raise our price target to $5 following largely in-line Jan Q results and slightly soft guidance. We view the debt refinancing with favorable terms as a positive, as it removes one of the key overhangs on the stock. We continue to view MITL as well positioned in leading virtualized UC applications, with upside potential to our estimates from continued operating leverage.”
Macquarie Group Limited (ASX: MQG) had its neutral rating reiterated by analysts at Nomura. Nomura currently has a $35.71 price target on the stock.
Marathon Oil (NYSE: MRO) had its neutral rating reiterated by analysts at Zacks. The firm currently has a $35.00 price target on the stock. Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on Marathon Oil stock, reflecting its sustainable growth prospects and outlook. Marathon is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Additionally, the company possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. We also like the strong growth potential of Marathon’s high-margin liquids-rich unconventional plays, which diversify its portfolio and are expected to further drive its overall volumes. While being incrementally more positive on the company, we believe Marathon will take some time to fully absorb the outcome of the spin-off of its downstream business. Consequently, we would rather wait for a better entry point before accumulating shares.”
Mothercare (LON: MTC) had its buy rating reaffirmed by analysts at Oriel Securities Ltd. The firm currently has a $7.88 target price on the stock.
Mothercare (LON: MTC) had its sell rating reaffirmed by analysts at Seymour Pierce.
MGIC Investment (NYSE: MTG) had its neutral rating reissued by analysts at Zacks. The firm currently has a $3.25 price target on the stock. Zacks’ analyst wrote, “MGIC Investment Corp. suffered an operating loss in the fourth quarter of 2012, substantially higher than the Zacks Consensus Estimate. The company has been posting losses for the past several years due to mortgage market woes. Its continued weak performance reflects its stressed capital position and continuing claim losses. Though the housing market, on which the company’s business performance is primarily dependent, is gradually recovering, uncertainty relating to new business growth keeps us on the sidelines. MGIC has been facing higher paid losses and lower premium income as well. Management currently expects to report losses. The performance of MGIC is contingent on the overall U.S. economy and the employment scenario. Thus, we remain cautious on the stock until any sign of stability appears in MGIC’s operating results, and the industry’s legal as well as regulatory environments become clearer. “
Manitowoc Company (NYSE: MTW) had its neutral rating reaffirmed by analysts at Zacks. The firm currently has a $19.00 target price on the stock. Zacks’ analyst wrote, “We reiterate our Neutral recommendation on Manitowoc Company, Inc. with a target price of $19. The company’s fourth-quarter 2012 adjusted earnings were $0.27 per share and total sales increased 10% year over year to $1.1 billion. Both were ahead of the respective Zacks Consensus Estimates. Crane demand is expected to increase by a significant margin, aided by the new highway bill and a turnaround in the construction sector. Margins in both the Crane and Foodservice segments are expected to improve in fiscal 2013. However, high debt levels, slowdown in Crane segment’s order rate and increased competition in the Chinese market will be headwinds moving ahead.”
Micron Technology (NYSE: MU) had its market outperform rating reissued by analysts at JMP Securities. The firm currently has a $10.00 target price on the stock.
Max Petroleum (LON: MXP) had its buy rating reiterated by analysts at Merchant Securities. They currently have a $0.10 target price on the stock.
Mylan (NYSE: MYL) had its neutral rating reaffirmed by analysts at Zacks. They currently have a $31.00 target price on the stock. Zacks’ analyst wrote, “Mylan’s fourth quarter 2012 earnings of $0.65 per share beat the Zacks Consensus Estimate by $0.01. Earnings were boosted by higher revenues. Full-year earnings came in at $2.59 per share, a penny above the Zacks Consensus Estimate and 27% above the year-ago earnings. Mylan gave an encouraging outlook for 2013. The company expects adjusted earnings in the range of $2.75-$2.95 per share, up 10%. Revenues are expected in the range of $7 $7.4 billion, up 6%. Our 2013 earnings estimate is well within the company’s projected range. We are encouraged by Mylan’s geographic reach, diversified product portfolio and robust generic pipeline. However, we prefer to remain on the sidelines until more visibility is obtained on Mylan’s pipeline development efforts. “
Navistar (NYSE: NAV) had its neutral rating reiterated by analysts at Goldman Sachs. The analysts wrote, “We view the development as a positive for Neutral-rated NAV as its (1) product development schedule is on track and (2) truck margin structure is significantly stronger on CMI 15 liter engines than proprietary 13-liter engines, contrary to consensus views. NAV’s truck production market share was 16% in January, up from 14% in December but below 17% in 2012. We maintain our Neutral rating as we continue to see meaningful execution risk, but moving to production on the 15 liter platform is clearly a positive.”
Newcrest Mining Limited (ASX: NCM) had its outperform rating reiterated by analysts at CIMB. They currently have a $28.06 target price on the stock.
Newmont Mining (NYSE: NEM) had its hold rating reiterated by analysts at TheStreet. The analysts wrote, “Newmont Mining Corporation (NEM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . The company’s strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.”
National Express Group (LON: NEX) had its overweight rating reissued by analysts at Morgan Stanley. Morgan Stanley currently has a $3.26 target price on the stock.
National Grid (LON: NG) had its sell rating reiterated by analysts at Deutsche Bank. The firm currently has a $9.10 target price on the stock.
Nichols Plc (LON: NICL) had its buy rating reiterated by analysts at Panmure Gordon. They currently have a $12.58 target price on the stock.
Annaly Capital Management (NYSE: NLY) had its buy rating reiterated by analysts at TheStreet. The analysts wrote, “Annaly Capital Management (NLY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, expanding profit margins, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
NRG Energy (NYSE: NRG) had its buy rating reiterated by analysts at Jefferies Group. Jefferies Group currently has a $27.50 price target on the stock, up from their previous price target of $24.50. The analysts wrote, “NRG reported 4Q12 adjusted EBITDA of $657 million, versus First Call consensus of $609 million, Jefferies estimate of $630 million and $458 million reported in 3Q11. The quarter-over-quarter adjusted-EBITDA improvement was driven by strong results in the company’s Texas segment due to higher realized energy prices and improved bilateral capacity contracts.”
NetApp (NASDAQ: NTAP) had its buy rating reissued by analysts at TheStreet. The analysts wrote, “NetApp (NTAP) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Newell Rubbermaid (NYSE: NWL) had its buy rating reaffirmed by analysts at Bank of America. Bank of America currently has a $28.00 target price on the stock, up from their previous target price of $27.00.
Ophir Energy (LON: OPHR) had its hold rating reissued by analysts at Investec. The firm currently has a $10.11 target price on the stock.
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