HiSoft (HSFT) (NOV) (FN) (GILD) (HRC) (ISRG) Price Targets Changed

HiSoft Technology International Limited (NASDAQ: HSFT), National-Oilwell Varco, Inc. (NYSE: NOV), Fabrinet (NYSE: FN), Gilead Sciences, Inc. (NASDAQ: GILD), Hill-Rom Holdings, Inc. (NYSE: HRC) and Intuitive Surgical, Inc. (NASDAQ: ISRG) price targets adjusted by analysts.

National-Oilwell Varco, Inc. (NOV) had its price target lowered by Morgan Keegan from $100.00 to $84.00. They have an “Outperform” rating on the company.

Fabrinet Ordinary (FN) had its price target lowered by Stifel Nicolaus from $30.00 to $25.00. They have a “Buy” rating on the company.

Gilead Sciences, Inc. (GILD) had its price target raised by Summer Street Research from $42.00 to $54.00. They have a “Buy” rating on the company.

Hill-Rom Holdings, Inc. (HRC) had its price target lowered by Morgan Keegan from $45.00 to $40.00. They have an “Outperform” rating on the company.

HiSoft Technology International Limited (HSFT) had its price target raised by Stifel Nicolaus from $20.00 to $22.00. They have a “Buy” rating on the company.

Intuitive Surgical, Inc. (ISRG) had its price target lowered by Morgan Keegan from $385.00 to $340.00. They have a “Market Perform” rating on the company.

HiSoft Technology International (NASDAQ:HSFT) Has Limited Upside Say UBS (NYSE:UBS)

HiSoft Technology International (NASDAQ:HSFT) still has potential upside says UBS (NYSE:UBS), but they see it limited, based on their recent outperformance.

UBS said, "Following two quarters of significant outperformance vs. expectations, we are raising our PT to $31, and our FY11 revenue/EPS estimates to $190.2M/$0.90 from $176.3M/$0.85. We continue to see upside potential to consensus estimates given HSFT’s strong revenue momentum. But with shares trading at 29x FY12E P/E, we see limited upside, and maintain our Neutral rating.

"While HSFT has not yet provided explicit 2011 guidance, management expects to outpace Chinese IT services industry growth of approximately 25% in ‘11. We believe that this is achievable as HSFT continues to execute across geographies and service lines."

UBS maintains a "Neutral" rating on HiSoft Technology International, which closed Wednesday at $30.64, level with the prior close. UBS boosted their price target on them from $21 to $31.