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Friday, November 4, 2011

Pioneer (PXD) (PMT) (GRMN) (RDC) (FIO) (FWLT) Price Targets Changed

Pioneer Natural Resources (NYSE: PXD), PennyMac Mortgage Investment Trust (NYSE: PMT), Garmin Ltd. (NASDAQ: GRMN), Rowan Companies, Inc. (NYSE: RDC), Fusion-Io Inc. (NYSE: FIO) and Foster Wheeler Ltd. (NASDAQ: FWLT) had price targets on them adjusted by analysts.

Pioneer Natural Resources (PXD) had its price target raised by RBC Capital from $106.00 to $112.00. They have an “Outperform” rating on the company.

PennyMac Mortgage Investment Trust (PMT) had its price target raised by Bank of America (NYSE:BAC) to $18.00.

Garmin Ltd. (GRMN) had its price target raised by RBC Capital from $33.00 to $38.00. They have a “Sector Perform” rating on the company.

Rowan Companies, Inc. (RDC) had its price target raised by Citigroup (NYSE:C) to $35.00.

Fusion-Io Inc. (FIO) had its price target raised by Goldman Sachs (NYSE:GS) to $32.00.

Foster Wheeler Ltd. (FWLT) had its price target lowered by Stifel Nicolaus from $40.00 to $32.00. They have a “Buy” rating on the company.

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