Molson (TAP) (CAVM) (DB) (FHN) (RBCN) (SF) Ratings, Price Targets

Molson Coors Brewing (NYSE: TAP), Cavium Networks (NASDAQ: CAVM), Deutsche Bank (NYSE: DB), First Horizon National (NYSE: FHN), Rubicon Technology (NASDAQ: RBCN) and Stifel Financial (NYSE: SF) ratings and price targets.

Cavium Networks (CAVM) was downgraded by Wunderlich from a “Hold” rating to a “Sell” rating. They have a price target of $23.00 on the company, down from $25.00.

Deutsche Bank (DB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

First Horizon National (FHN) was downgraded by Compass Point from a “Buy” rating to a “Neutral” rating.

Rubicon Technology (RBCN) was downgraded by RBC Capital from a “Buy” rating to a “Hold” rating. They have a price target of $13.00 on the company.

Stifel Financial (SF) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Molson Coors Brewing (TAP) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $45.00 on the company, down from $46.00.

Sagent (SGNT) (TICC) (TRW) (AXL) (BWA) (CAVM) Get New Coverage

Sagent Pharmaceuticals Inc. (NASDAQ: SGNT), TICC Capital Corp. (NASDAQ: TICC), TRW Automotive Holdings Corp. (NYSE: TRW), American Axle & Manufacturing Holdings Inc. (NYSE: AXL), BorgWarner Inc. (NYSE: BWA) and Cavium Networks, Inc. (NASDAQ: CAVM) getting new coverage from analysts.

Capstone initiated coverage on Sagent Pharmaceuticals Inc. (SGNT). They placed a “Buy” rating on the company.

Ladenburg Thalmann initiated coverage on TICC Capital Corp. (TICC). They placed a “Positive” rating and a price target of $10.00 on the company.

Guggenheim initiated coverage on TRW Automotive Holdings Corp. (TRW). They placed a “Buy” rating on the company.

Guggenheim initiated coverage on American Axle & Manufacturing Holdings Inc. (AXL). They placed a “Neutral” rating on the company.

Guggenheim initiated coverage on BorgWarner Inc. (BWA). They placed a “Neutral” rating on the company.

Roth Capital initiated coverage on Cavium Networks, Inc. (CAVM). They placed a “Buy” rating on the company.

Cavium Networks, Inc. (CAVM) Ratings Reiterated

Cavium Networks, Inc. (NASDAQ: CAVM) had ratings on them reiterated by several analysts.

Cavium Networks, Inc. (CAVM) had its “Buy” rating reiterated by Needham & Company.

Cavium Networks, Inc. had its “Hold” rating reiterated by Benchmark Co..

Cavium Networks, Inc. had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF). They have a price target of $32.00 on the firm.

Cavium Networks, Inc. had its “Buy” rating reiterated by Auriga. They have a price target of $37.00 on the firm.

Cavium Networks, Inc. had its “Perform” rating reiterated by Oppenheimer.

Cavium Networks, Inc. had its “Hold” rating reiterated by Wunderlich. They have a price target of $25.00 on the firm.

Cavium Inc. (CAVM) Ratings, Price Targets

Cavium (NASDAQ: CAVM) had several analysts weigh in the company today.

Wunderlich reiterated its "Hold" rating on Cavium. They have a price target of $25.00 on the firm.

Benchmark Co. reiterated its "Hold" rating on Cavium.

Wedbush lowered its price target on Cavium to $24.00.

MKM Partners also cut its price target on Cavium, lowering it to $23.00. They cited valuation as the catalyst behind the call.

Cavium was trading at $27.90, falling $0.58, or 2.04 percent, as of 11:31 AM EST.

Broadcom (BRCM) (PTX) (APOL) (ASTM) (BPI) (CAVM) (CPLA) (EQT) (PMCS) Get New Coverage

Broadcom Corp. (NASDAQ: BRCM), Pernix Therapeutics Holdings Inc. (NYSE: PTX), Apollo Group, Inc. (NASDAQ: APOL), Aastrom Biosciences Inc. (NASDAQ: ASTM), Bridgepoint Education Inc (NYSE: BPI), Cavium Networks, Inc. (NASDAQ: CAVM), Capella Education (NASDAQ: CPLA), EQT Corp. (NYSE: EQT) and PMC-Sierra, Inc. (NASDAQ: PMCS) gettting new analyst coverage.

Stifel Nicolaus initiated coverage on Pernix Therapeutics Holdings Inc (PTX). They placed a “Buy” rating and a price target of $15.00 on the company.

Wunderlich initiated coverage on Apollo Group, Inc. (APOL). They placed a “Hold” rating and a price target of $49.00 on the company.

Global Hunter Securities initiated coverage on Aastrom Biosciences Inc. (ASTM). They placed a “Buy” rating and a price target of $6.00

on the company.

Wunderlich initiated coverage on Bridgepoint Education Inc. (BPI). They placed a “Buy” rating and a price target of $31.00 on the company.

William Blair initiated coverage on Broadcom Corporation (BRCM). They placed a “Market Perform” rating on the company.

Wunderlich initiated coverage on Cavium Networks, Inc. (CAVM). They placed a “Hold” rating and a price target of $30.00 on the company.

Wunderlich initiated coverage on Capella Education (CPLA). They placed a “Hold” rating and a price target of $37.00 on the company.

Brean Murray initiated coverage on EQT Corp. (EQT). They placed a “Buy” rating and a price target of $68.00 on the company.

Wunderlich initiated coverage on PMC-Sierra, Inc. (PMCS). They placed a “Buy” rating and a price target of $10.00 on the company.

Cavium (CAVM) (H) (COH) (MSTR) (TRMB) (PH) Price Targets Changed

Cavium Networks, Inc. (NASDAQ: CAVM), Hyatt Hotels (NYSE: H), Coach (NYSE: COH), MicroStrategy Incorporated (NASDAQ: MSTR), Trimble Navigation (NASDAQ: TRMB) and Parker-Hannifin Co. (NYSE: PH) price targets adjusted by analysts.

Cavium Networks, Inc. (CAVM) had its price target lowered by Stifel Nicolaus from $50.00 to $44.00. They have a “Buy” rating on the company.

Hyatt Hotels (H) had its price target raised by FBR Capital from $48.00 to $51.00. They have an “Outperform” rating on the company.

Coach (COH) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $68.00. They have an “Overweight” rating on the company.

MicroStrategy Incorporated (MSTR) had its price target lowered by FBR Capital from $140.00 to $134.00. They have a “Market Perform” rating on the company.

Trimble Navigation (TRMB) had its price target lowered by Needham & Company from $54.00 to $45.00. They have a “Buy” rating on the company.

Parker-Hannifin Co. (PH) had its price target lowered by UBS AG (NYSE:UBS) from $94.00 to $77.00. They have a “Neutral” rating on the company.

Meredith (MDP) (BWA) (BLL) (CAVM) (CCE) (EXPE) Price Target Changed

Meredith Corporation (NYSE: MDP), BorgWarner Inc (NYSE: BWA), Ball Co. (NYSE: BLL), Cavium Networks, Inc. (NASDAQ: CAVM), Coca-Cola Enterprises (NYSE: CCE) and Expedia, Inc. (NASDAQ: EXPE) price targets adjusted by analysts.

BorgWarner Inc. (BWA) had its price target raised by Barclays Capital from $85.00 to $92.00. They have an “Equal Weight” rating on the company.

Ball Co. (BLL) had its price target cut by Jefferies (NYSE:JEF) to $46.00.

Cavium Networks, Inc. (CAVM) had its price target slashed by UBS AG (NYSE:UBS) from $47.50 to $43.00. They have a “Buy” rating on the company.

Coca-Cola Enterprises (CCE) had its price target raised by Barclays Capital from $31.00 to $34.00. They have an “Equal Weight” rating on the company.

Expedia, Inc. (EXPE) had its price target raised by Citigroup (NYSE:C) to $36.00. They have a “Buy” rating on the company.

Meredith Corporation (MDP) had its price target lowered by The Benchmark Company from $35.00 to $33.00. They have a “Hold” rating on the company.

Cisco (CSCO) (ARLP) (CAVM) (CP) (GPS) (JCP) (MBLX) Upgraded

Cisco Systems, Inc. (NASDAQ: CSCO), Alliance Resource (NASDAQ: ARLP), Cavium Networks, Inc. (NASDAQ: CAVM), Canadian Pacific Railway Limited (NYSE: CP), The Gap Inc. (NYSE: GPS), J.C. Penney Company, Inc. (NYSE: JCP) and Metabolix Inc (NASDAQ: MBLX) upgraded by analysts.

Alliance Resource (ARLP) was upgraded by Wells Fargo & Co. (NYSE:WFC) from an “Underperform” rating to a “Market Perform” rating.

Cavium Networks, Inc. (CAVM) was upgraded by Gleacher & Co. to a “Buy” rating.

Canadian Pacific Railway Limited (CP) was upgraded by RBC Capital from an “Outperform” rating to a “Top Pick” Rating. They have a $73.00 price target on the company, up from $72.00.

Cisco Systems, Inc. (CSCO) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $21.00 on the company.

The Gap Inc. (GPS) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $25.00 on the company.

J.C. Penney Company, Inc. (JCP) was upgraded by CRT Capital to a “Buy” rating.

Metabolix Inc. (MBLX) was upgraded by Ardour Capital from a “Sell” rating to a “Reduce” rating. They have a price target of $5.00 on the company, down from $6.00.

Google (GOOG) (HLF) (MDP) (SCOR) (TJX) (CAVM) Get New Coverage

Google Inc. (NASDAQ: GOOG), Herbalife Ltd. (NYSE: HLF), Meredith Corporation (NYSE: MDP), COMSCORE, Inc. (NASDAQ: SCOR), TJX Companies Inc (NYSE: TJX) and Cavium Networks, Inc. (NASDAQ: CAVM) get new coverage from analysts.

Credit Agricole initiated coverage on Google (GOOG). They placed a “Buy” rating on the company.

SunTrust initiated coverage on Herbalife Ltd. (HLF). They placed a “Buy” rating on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on Meredith Corporation (MDP). They placed an “Overweight” rating on the company.

Piper Jaffray initiated coverage on COMSCORE, Inc. (SCOR). They placed a “Neutral” rating on the company.

Bank of America (NYSE:BAC) initiated coverage on TJX Companies Inc (TJX). They placed a “Buy” rating on the company.

MKM Partners initiated coverage on Cavium Networks, Inc. (CAVM). They placed a “Neutral” rating and a price target of $40.00 on the company.

Coverage on (CAVM) (CRFN) (CSCO) (EXLS) (G) Initiated By Analysts

Coverage on shares of Cavium Networks, Inc. (NASDAQ: CAVM), Crescent Financial Co. (NASDAQ: CRFN), Cisco Systems, Inc. (NASDAQ: CSCO), ExlService Holdings, Inc. (NASDAQ: EXLS) and Genpact Limited (NYSE: G) was initiated by analysts.

Gleacher & Co. initiated coverage on Cavium Networks, Inc. (CAVM). They placed a “neutral” rating on the company.

Raymond James (NYSE:RJF) initiated coverage on Crescent Financial Co. (CRFN). They placed a “market perform” rating on the company.

Janney Montgomery Scott initiated coverage on Cisco Systems, Inc. (CSCO). They placed a “neutral” rating and a price target of $18.00 on the company.

Oppenheimer initiated coverage on ExlService Holdings, Inc. (EXLS). They placed an “outperform” rating and a price target of $29.00 on the company.

Oppenheimer initiated coverage on Genpact Limited (G). They placed an “outperform” rating and a price target of $20.00 on the company.

Ratings on (AEIS) (AEO) (CAVM) (DF) (DIS) Reiterated

Ratings on Advanced Energy Industries, Inc. (NASDAQ: AEIS), American Eagle (NYSE: AEO), Cavium Networks, Inc. (NASDAQ: CAVM), Dean Foods Co (NYSE: DF) and Walt Disney (NYSE: DIS) were reiterated by analysts.

Bank of America (NYSE:BAC) reiterated a “buy” rating on Advanced Energy Industries, Inc. (AEIS). They have a price target of $19.00 on the company.

Goldman Sachs (NYSE:GS) reiterated a “buy” rating on American Eagle (AEO). They have a price target of $19.00 on the company.

Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Cavium Networks, Inc. (CAVM).

Deutsche Bank reiterated a “hold” rating on Dean Foods Co (DF). They have a price target of $12.00 on the company.

Deutsche Bank reiterated a “buy” rating on Walt Disney (DIS). They now have a price target of $53.00 on the company.

Biggest Winners (BEN) (PETD) (PTRY) (WCRX) (CAVM) on May 6

Among the winners on Friday, May 6, as measured by share price increases, were Franklin Resources (BEN), Petroleum Development (PETD), The Pantry (PTRY), Warner Chilcott Plc (WCRX) and Cavium Networks (CAVM).

Franklin Resources (BEN) was up $1.31, to close at $126.27, a gain of 1.05 percent.

Petroleum Development (PETD) jumped $1.31 on the day to close at $36.97, an increase of 3.67 percent.

The Pantry (PTRY) rose $1.31 to close at $16.35, a boost of 8.71 percent.

Warner Chilcott Plc (WCRX) soared $1.31 to close the session at $23.50, a gain of 5.90 percent.

Cavium Networks (CAVM) surged $1.31 to end the day at $46.12, climbing 2.92 percent.

Price Targets (BWA) (CAVM) (EMN) (EVR) (IMGN) Updated

BorgWarner Inc (NYSE: BWA), Cavium Networks, Inc. (NASDAQ: CAVM), Eastman Chemical Co (NYSE: EMN), Evercore Partners Inc. (NYSE: EVR) and ImmunoGen, Inc. (NASDAQ: IMGN) had their price targets updated by analysts.

Deutsche Bank (NYSE:DB) raised their price target on BorgWarner Inc (BWA) from $75.00 to $78.00. They have a “hold” rating on the company.

Barclays Capital (NYSE:BCS) raised their price target on Cavium Networks, Inc. (CAVM) from $44.00 to $50.00. They have an “overweight” rating on the company.

Deutsche Bank raised their price target on Eastman Chemical Co (EMN) from $110.00 to $125.00. They have a “buy” rating on the company.

Barclays Capital raised their price target on Evercore Partners Inc. (EVR) from $36.00 to $38.00. They have an “equal weight” rating on the company.

Brean Murray raised their price target on ImmunoGen, Inc. (IMGN) from $11.00 to $14.00. They have a “buy” rating on the company.

Price Targets (AET) (CAH) (CAVM) (DISCA) (DRIV) Updated

Aetna Inc. (NYSE: AET), Cardinal Health (NYSE: CAH), Cavium Networks, Inc. (NASDAQ: CAVM), Discovery (NASDAQ: DISCA) and Digital River, Inc. (NASDAQ: DRIV) had their price targets updated by analysts.

Barclays Capital (NYSE:BCS) raised their price target on Aetna Inc. (AET) from $45.00 to $51.00. They have an “overweight” rating on the stock.

UBS AG (NYSE:UBS) raised their price target on Cardinal Health (CAH) from $47.00 to $51.00. They have a “buy” rating on the stock.

Deutsche Bank (NYSE:DB) raised their price target on Cavium Networks, Inc. (CAVM) from $50.00 to $53.00. They have a “buy” rating on the stock.

Goldman Sachs (NYSE:GS) raised their price target on Discovery (DISCA) to $44.00. They have a “sell” rating on the stock.

Deutsche Bank raised their price target on Digital River, Inc. (DRIV) from $25.00 to $26.00. They have a “hold” rating on the stock.

Price Targets on CAVM) (BEN) (CERN) (CMP) (D) Updated

Price targets on Cavium Networks, Inc. (NASDAQ: CAVM), Franklin Resources, Inc. (NYSE: BEN), Cerner Corp (NASDAQ: CERN), Compass Minerals International, Inc. (NYSE: CMP) and Dominion Resources, Inc. (NYSE: D) were updated today.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cavium Networks, Inc. (CAVM) from $50.00 to $55.00. They have an “overweight” rating on the company.

JPMorgan Chase & Co. raised their price target on Franklin Resources, Inc. (NYSE: BEN) from $134.00 to $135.00.

Deutsche Bank (NYSE:DB) raised their price target on Cerner Corp (CERN) from $107.00 to $116.00. They have a “hold” rating on the company.

JPMorgan Chase & Co. cut their price target on Compass Minerals International, Inc. (CMP) from $94.00 to $92.00. They have a “neutral” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Dominion Resources, Inc. (D) from $44.50 to $48.00. They have a “hold” rating on the company.

Price Targets on (BEN) (BLL) (CAM) (CATM) (CAVM) Updated

Price targets on Franklin Resources, Inc. (NYSE: BEN), Ball Co. (NYSE: BLL), Cameron International (NYSE: CAM), Cardtronics (NASDAQ: CATM) and Cavium Networks, Inc. (NASDAQ: CAVM) were updated today.

Jefferies (NYSE:JEF) raised their price target on Franklin Resources, Inc. (BEN) from $125.00 to $130.00. They have a “hold” rating on the company.

Longbow Research raised their price target on Ball Co. (BLL) from $42.00 to $48.00. They have a “buy” rating on the company.

Howard Weil cut their price target on Cameron International (CAM) from $65.00 to $63.00. They have an “outperform” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cardtronics (CATM) from $21.00 to $23.00. They have an “overweight” rating on the company.

Cavium (Nasdaq:CAVM), NetLogic (Nasdaq:NETL) Raised on IP Trend

With advanced Internet Protocol (IP) networking equipment trending to the positive, Cavium (Nasdaq:CAVM) and NetLogic (Nasdaq:NETL), which powers most of it, are positioned to take advantage over the long term.

UBS (NYSE:UBS) said, "As we look to 2011, we believe current inventory rebalancing will be short-lived and industry trends with an improving macro should drive longer-term growth of advanced Internet Protocol (IP) networking equipment, which is increasingly powered by Cavium and NetLogic products. We believe the underlying secular growth drivers – the need to support more 1) speed, 2) services, 3) subscribers, 4) security – are well intact, and thus we reaffirm our above consensus estimates for Buy-rated NetLogic and raise our estimates for Neutral-rated Cavium from 2H11."

Sales estimates for Cavium in 2011/12 were raised by 1%/3% to $279 million/$353 million and non-GAAP EPS by 2%/4% to $1.18/$1.57.

Cavium closed Thursday at $37.11, up $0.60, or 1.64 percent. UBS has a price target on them of $38.50. NetLogic closed at $32.42, up $0.04, or 0.12 percent. UBS has a price target on them of $37.50.

Cavium Networks (NASDAQ:CAVM) Revenue Growth 30 Percent in 2011 Says Needham

Needham & Company is impressed with Cavium Networks (NASDAQ:CAVM), identifying them as the only company within their coverage universe to join their 30-30 club.

Needham said, "Baseball has the likes of Willie Mays, Hank Aaron, Barry Bonds and Alex Rodriquez on its list, to which we now include Cavium Networks. Following meetings with CAVM management last week, we believe CAVM remains on track to become the only company within our coverage universe to join the 30-30 club; 30% top-line grower over multiple years (36% CAGR from 2008 to 2013E) and 30% OM. By reaching these metrics, we believe the company deserves a 30x+ P/E multiple. With continuing strong design win momentum, we are raising our estimates. We now believe CAVM will grow revenue 30% in 2011 and 25% in 2012 and is on track to exit 2012 with a 30% OM."

They reiterate a "Strong Buy" on Cavium Networks, which closed Monday at $39.56, up by $0.26, or 0.66 percent. Needham raised their price target on them from $38 to $48.