Tuesday, December 13, 2011

Zix (ZIXI) (ZQK) (ADBE) (ADM) (ADTN) (AFFY) Ratings, Price Targets

Zix Co. (ZIXI), Quiksilver, Inc. (ZQK), Adobe Systems (ADBE), Archer Daniels Midland Company (ADM), ADTRAN, Inc. (ADTN) and Affymax, Inc. (AFFY) ratings and price targets.

Zacks Investment Research downgraded shares of Zix Co. (ZIXI) from an
“Outperform” rating to a “Neutral” rating.

Jefferies (NYSE:JEF) lowered its price target on Quiksilver, Inc. (ZQK) to $4.00. They have a “Buy” rating on the company.

Morgan Stanley (NYSE:MS) reiterated its “Equal Weight” on Adobe Systems (ADBE).

Morgan Stanley (NYSE:MS) reiterated its “Overweight” rating on Archer Daniels Midland Company (ADM). They have a price target of $37.00 on the company.

Morgan Stanley reiterated its “Overweight” rating on of ADTRAN, Inc.
(ADTN). They have a price target of $37.00 on the company.

Zacks Investment Research upgraded Affymax, Inc. (AFFY) from an “Underperform” rating to a “Neutral” rating.

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