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Thursday, November 17, 2011

Petsmart (PETM) (SPB) (PGR) (PM) (PMTC) (RCL) (RMBS) Ratings, Price Targets

Petsmart Inc. (PETM), Spectrum Brands Inc. (SPB), Progressive (PGR), Philip Morris (PM), Parametric (PMTC), Royal Caribbean Cruises Ltd. (RCL) and Rambus Inc. (RMBS) ratings and price targets.

RBC Capital raised its price target on Petsmart Inc. (PETM) from $50.00 to $53.00. They have an “Outperform” rating on the company.

Deutsche Bank (NYSE:DB) reiterated its “Buy” on Spectrum Brands Inc. (SPB). They have a price target of $40.00 on the company.

Sanford C. Bernstein initiated coverage on Progressive (PGR). They placed an “Outperform” rating on the company.

Stifel Nicolaus raised its price target on Philip Morris (PM) from $75.00 to $80.00. They have a “Buy” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Parametric (PMTC). They placed a “Neutral” rating on the company.

HSBC (NYSE:HBC) initiated coverage on Royal Caribbean Cruises Ltd. (RCL). They placed a “Neutral” rating and a price target of $30.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) downgraded Rambus Inc. (RMBS) to a “Neutral” rating. They have a price target of $11.50 on the company.

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