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Monday, October 31, 2011

Cliffs (CLF) (TSYS) (VAR) (VRTX) (CLD) (CNMD) Price Targets Changed

Cliffs Natural Resources Inc. (NYSE: CLF), TeleCommunication Systems, Inc. (NASDAQ: TSYS), Varian Medical Systems (NYSE: VAR), Vertex Pharmaceuticals (NASDAQ: VRTX), Cloud Peak Energy (NYSE: CLD) and CONMED (NASDAQ: CNMD) had price targets on them adjusted by analysts.

Cliffs Natural Resources Inc. (CLF) had its price target lowered by UBS AG (NYSE:UBS) from $124.00 to $121.00. They have a “Buy” rating on the company.

TeleCommunication Systems, Inc. (TSYS) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $5.50.

Varian Medical Systems (VAR) had its price target raised by Goldman Sachs (NYSE:GS) from $50.00 to $53.00. They have a “Sell” rating on the company.

Vertex Pharmaceuticals (VRTX) had its price target lowered by UBS AG from $56.00 to $47.00. They have a “Neutral” rating on the company.

Cloud Peak Energy (CLD) had its price target raised by Dahlman Rose from $24.00 to $34.00. They have a “Buy” rating on the company.

CONMED (CNMD) had its price target lowered by Piper Jaffray (NYSE:PJC) to $31.00. They have a “Neutral” rating on the company.

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