Exxon (XOM) (AVGO) (CBS) (CRR) (DHT) Price Targets Changed

Exxon Mobil (NYSE: XOM), Avago Technologies (NASDAQ: AVGO), CBS (NYSE: CBS), Carbo Ceramics (NYSE: CRR) and DHT Holdings Inc (NYSE: DHT) price targets adjusted by analysts.

Exxon Mobil (XOM) had its price target lowered by The Benchmark Company from $74.00 to $64.00. They have a “Sell” rating on the company.

Avago Technologies (AVGO) had its price target lowered by Kaufman Brothers from $40.00 to $37.00. They have a “Buy” rating on the company.

CBS (CBS) had its price target lowered by Needham & Company from $35.00 to $30.00. They have a “Buy” rating on the company.

Carbo Ceramics (CRR) had its price target raised by Dahlman Rose from $216.00 to $229.00. They have a “Buy” rating on the company.

DHT Holdings Inc. (DHT) had its price target lowered by UBS AG (NYSE:UBS) from $4.30 to $2.75. They have a “Neutral” rating on the company.

DeVry (DV) (SLE) (AMSC) (ENS) (AVGO) Price Targets Changed

DeVry Inc. (NYSE: DV), Sara Lee (NYSE: SLE), American Superconductor Co. (NASDAQ: AMSC), EnerSys (NYSE: ENS) and Avago Technologies (NASDAQ: AVGO) price targets adjusted by analysts.

Sara Lee (SLE) had its price target lowered by Deutsche Bank (NYSE:DB) from $22.00 to $20.00. They have a “Buy” rating on the company.

American Superconductor Co. (AMSC) had its price target lowered by Ardour Capital from $8.50 to $6.50. They now have a “Hold” rating on the company.

EnerSys (ENS) had its price target lowered by Needham & Company from $42.00 to $36.00. They have a “Buy” rating on the company.

Avago Technologies (AVGO) had its price target lowered by Citigroup (NYSE:C) to $40.00. They have a “Buy” rating on the company.

DeVry Inc. (DV) had its price target lowered by UBS AG (NYSE:UBS) from $75.00 to $70.00. They have a “Buy” rating on the company.

Xilinx (XLNX) (STJ) (WU) (AVGO) (BANF) Ratings Reiterated

Xilinx, Inc. (NASDAQ: XLNX), St. Jude Medical, Inc. (NYSE: STJ), The Western Union Company (NYSE: WU), Avago Technologies (NASDAQ: AVGO) and BancFirst Co. (NASDAQ: BANF) have ratings reiterated.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Xilinx, Inc. (XLNX).

Citigroup (NYSE:C) reiterated its "Sell" rating on St. Jude Medical, Inc. (STJ).

Wells Fargo & Co. reiterated its "Outperform" rating on The Western Union Company (WU).

Citigroup maintains its "Buy" rating on Avago Technologies (AVGO). They have a price target of $45.00 on the company.

KBW reiterated a "Market Perform" rating on BancFirst Co. (BANF).

Ratings on (AJG) (ATI) (AVGO) (BCS) (CVS) Upgraded

Ratings on shares of Arthur J. Gallagher & Co. (NYSE: AJG), Allegheny Technologies Incorporated (NYSE: ATI), Avago Technologies (NASDAQ: AVGO), Barclays Capital (NYSE: BCS) and CVS Caremark (NYSE: CVS) were up graded by analysts.

Stifel Nicolaus upgraded Arthur J. Gallagher & Co. (AJG) from a “sell” rating to a “hold” rating.

Goldman Sachs (NYSE:GS) upgraded Allegheny Technologies Incorporated (ATI) from a “neutral” rating to a “buy” rating. They have a price target $90.00 on the company.

Charter Equity upgraded Avago Technologies (AVGO) from a “market perform” rating to a “buy” rating.

Citigroup (NYSE:C) upgraded Barclays Capital (BCS) from a “hold” rating to a “buy” rating.

Bank of America (NYSE:BAC) upgraded CVS Caremark (CVS) from a “neutral” rating to a “buy” rating. They have a price target of $45.00 on the company. They cited valuation as the catalyst behind the call.

Ratings on (AJG) (ATI) (AVGO) (BCS) (CVS) Upgraded

Ratings on shares of Arthur J. Gallagher & Co. (NYSE: AJG), Allegheny Technologies Incorporated (NYSE: ATI), Avago Technologies (NASDAQ: AVGO), Barclays Capital (NYSE: BCS) and CVS Caremark (NYSE: CVS) were up graded by analysts.

Stifel Nicolaus upgraded Arthur J. Gallagher & Co. (AJG) from a “sell” rating to a “hold” rating.

Goldman Sachs (NYSE:GS) upgraded Allegheny Technologies Incorporated (ATI) from a “neutral” rating to a “buy” rating. They have a price target $90.00 on the company.

Charter Equity upgraded Avago Technologies (AVGO) from a “market perform” rating to a “buy” rating.

Citigroup (NYSE:C) upgraded Barclays Capital (BCS) from a “hold” rating to a “buy” rating.

Bank of America (NYSE:BAC) upgraded CVS Caremark (CVS) from a “neutral” rating to a “buy” rating. They have a price target of $45.00 on the company. They cited valuation as the catalyst behind the call.

Big Movers (MICC) (KMP) (CLH) (AVGO) (IBN) on May 6

Among the big, positive movers on Friday, May 6, were Millicom International (MICC), Kinder Morgan Energy (KMP), Clean Harbors (CLH), Avago Technologies (AVGO) and Icici Bank Limited (IBN).

Millicom International (MICC) jumped $1.70, to close at $105.70, a gain of 1.63 percent.

Kinder Morgan Energy (KMP) was up $1.68 on the day to close at $74.62, a gain of 2.30 percent.

Clean Harbors (CLH) climbed $1.68 to close at $101.28, a gain of 1.69 percent.

Avago Technologies (AVGO) rose $1.67 to close the session at $34.91, a gain of 5.02 percent.

Icici Bank Limited (IBN) was up $1.66 to end the day at $48.07, a gain of 3.58 percent.

All-Time Highs for (AGL) (AGNC) (ALK) AVGO) (BJRI) Reached May 6

AGL Resources (NYSE:AGL), American Capital Age (NASDAQ:AGNC), Alaska Air Group (NYSE:ALK), Avago Technologies (NASDAQ:AVGO) and BJ's Restaurants (NASDAQ:BJRI) all closed at all-time highs on Friday, May 6.

Agl Resources (AGL) closed at $41.42, gaining $0.38, or 0.93 percent. They traded as high as $42.01 on the day.

American Capital Age (AGNC) closed Friday at $29.46, level with Thursday's close, but reaching a high of $29.65 in the session.

Alaska Air Group (ALK) closed Friday at $68.53, climbing $0.43, or 0.63 percent. They traded as high as $69.33 on the day.

Avago Technologies (AVGO) closed at $34.91, jumping $1.67, or 5.02 percent. They traded as high as $35.00 on the day.

Bj's Restaurants (BJRI) closed at $47.61, gaining $1.16, or 2.50 percent. They traded as high as $47.99 on the day.

Deutsche (DB) Likes INTC, MRVL, ONNN, AVGO in Semi Sector

After Wells Fargo's (NYSE:WFC) recent downgrade of the semiconductor industry, which pushed the share price of a number of companies in the sector lower, Deutsche Bank (NYSE:DB) semiconductor analyst Ross Seymore said today he's reiterating an Equal Weight rating on the sector, and his favorite recommendations are Marvell Technology Group (NASDAQ:MRVL), Intel (NASDAQ:INTC), Avago Technologies (NASDAQ:AVGO) and ON Semiconductor (NASDAQ:ONNN).

Seymore's reasoning was the companies “have already taken inventory adjustments and/or whose valuations do not reflect company-specific growth potential in revenue, margins and EPS.”

He also sees less upside in the sector after a couple of years of outperformance in his view, although he notes the sector has returned to “normal seasonality.”

"On the positive side, comparing the levels of semiconductor inventory in Q4 to the last peak in the semi cycle, Q3 of 2008, Seymore sees “absolute inventory remained unchanged” even though semiconductor sales rose 12% in that time. However, one concern is that Q4′s inventory did rise 7% from Q3 of last year, which suggests “increased vigilance” heading in Q2," said Barron's.

Linear Technology (NASDAQ:LLTC) Estimates Lowered by Barclays

Linear Technology (NASDAQ:LLTC) had their EPS estimates lowered by Barclays, which could affect sentiment for the overall analog sector.

Barclays says, "Estimates move lower; Could Impact Sentiment: We lower our estimates to $0.55 vs. $0.58 for Mar Q, CY11 to $2.25 from $2.34 prior & establish CY12 at $2.41. While iPad (Nasdaq:AAPL) appears to be the main reason and is Linear specific, we recognize lower guidance could adversely impact sentiment to the analog group notably those who had had longer lead times & some sell in sales recognition such as Texas Instruments (NYSE:TXN) and Maxim (Nasdaq:MXIM), both rated a EW. In the group, we prefer Analog Devices (NYSE:ADI) and Avago (Nasdaq:AVGO), both rated a OW."

Barclays reiterates an "Equalweight" on Linear Technology (LLTC), which closed Thursday at $34.88, gaining $0.32, or 0.93 percent. Barclays raised their price target on Linear from $33 to $35.

Morgan Stanley (NYSE:MS) Top Semi Picks Include Intel (Nasdaq:INTC), ON Semi (Nasdaq:ONNN), Broadcom (Nasdaq:BRCM), Micron (NYSE:MU), Avago Tech (Nasdaq:AVGO), Microchip Technology (Nasdaq:MCHP)

Morgan Stanley (NYSE:MS)threw out a number of their favorite picks in the semiconductor sector, with their leaders being Broadcom (Nasdaq:BRCM), Micron (NYSE:MU), Intel (Nasdaq:INTC), Avago Tech (Nasdaq:AVGO), ON Semi (Nasdaq:ONNN) and Microchip Technology (Nasdaq:MCHP).

A second list of semiconductors based in Europe was also released, which included STMicro (NYSE:STM), ARM Holdings (Nasdaq:ARMH) and Infineon (OTC:IFNNY).

Zion Bancorp (Nasdaq:ZION), Avago (Nasdaq:AVGO), Collective Brands (NYSE:PSS), International Paper (NYSE:IP), Kulicke & Soffa (Nasdaq:KLIC), tw telec

Davidson released their top picks for 2011, among them Zion Bancorp (Nasdaq:ZION), Avago (Nasdaq:AVGO), Collective Brands (NYSE:PSS), International Paper (NYSE:IP), Kulicke & Soffa (Nasdaq:KLIC) and tw telecom (Nasdaq:TWTC).

Those listed above have had the largest amount of trading activity on average, over the last 3 months.

Also top picks of Davidson for 2011 are ACI Worldwide (Nasdaq:ACIW), Buffalo Wild Wings (Nasdaq:BWLD), Diamond Foods (Nasdaq:DMND), ITC Holdings (NYSE:ITC), RTI International Metals (NYSE:RTI), Shaw Group (Nasdaq:SHAW), Triumph Group (NYSE:TGI),
Umpqua (Nasdaq:UMPQ), Valmont (NYSE:VMI) and Volcom (Nasdaq:VLCM).

Price Targets on all 16 companies:


Zion Bancorp - $31 price target - closed Monday at $25.17

Avago Tech - $35 price target - closed at $27.80

Collective Brands - $27 price target - closed at $21.28

International Paper - $36 price target - closed at $28.02

Kulicke & Soffa - $14 price target - closed at $7.20

tw telecom - $24 price target - closed at $17.89

ACI Worldwide - $32 price target - closed at $27.45

Buffalo Wild Wings - $60 price target - closed at $45.38

Diamond Foods - $59 price target - closed at $52.19

ITC Holdings - $75 price target - closed at $62.52

RTI International Metals - $37 price target - closed at $27.30

Shaw Group - $40 price target - closed at $34.67

Triumph Group - $110 price target - closed at $91.89

Umpqua - $15 price target - closed at $12.74

Valmont - $110 price target - closed at $89.03

Volcom - $23 price target - closed at $19.22

Avago (NASDAQ:AVGO) Looks Good on Cash, Execution, Balance Sheet

Barclays (NYSE:BCS) reiterated their "Overweight" rating on Avago Technologies (NASDAQ:AVGO), saying they're a key pick in the sector.

"We expect Avago to report solid October results in line with consensus, with revenues up mid-single digits as guided, as end-market trends likely remained robust ex earnings into October. Going forward, we believe there is some potential for AVGO, like other analog peers, to see further moderation in industrial bookings, possibly adjusting Jan Q industrial revenues lower with areas such as automotive still likely firmer, with management likely to sound upbeat on gross and operating margin trends into CY11. We view AVGO as a key pick with crisp execution, solid cash generation and a robust balance sheet," said Barclays.

Avago closed Thursday at $28.41, gaining $1.55, or 5.77 percent. Barclays raised their price target on them from $26 to $28.