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Friday, December 9, 2011

Manhattan (MANH) (LYB) (HIG) (FNFG) (IGTE) (FTE) Ratings, Price Targets

Manhattan Associates, Inc. (MANH), LyondellBasell (LYB), Hartford Financial (HIG), First Niagara Financial Group Inc. (FNFG), iGATE Co. (IGTE) and France Telecom SA (FTE) ratings and price targets.

Citigroup (NYSE:C) reiterated its “Sell” rating on LyondellBasell (LYB). They have a price target of $40.00 on the company.

Bank of America (NYSE:BAC) reiterated its “Buy” rating on Hartford Financial (HIG). They have a price target of $27.00 on the company.

ThinkEquity initiated coverage on Manhattan Associates, Inc. (MANH). They placed a “Hold” rating on the company.

Keefe, Bruyette & Woods, Inc downgraded First Niagara Financial Group Inc. (FNFG) from an “Outperform” rating to a “Market Perform” rating.

RBC Capital initiated coverage on iGATE Co. (IGTE). They placed an “Outperform” rating on the company.

Nomura downgraded France Telecom SA (FTE) from a “Neutral” rating to a “Reduce” rating.

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