Parkway (PKY) (GM) (IRF) (JDSU) (PBR) (LEA) (NWL) Price Targets Changed

Parkway Properties (NYSE: PKY), General Motors (NYSE: GM), International Rectifier (NYSE: IRF), JDS Uniphase Co. (NASDAQ: JDSU), Petroleo Brasileiro SA (NYSE: PBR), Lear Co. (NYSE: LEA) and Newell Rubbermaid (NYSE: NWL) price targets adjusted by analysts.

Parkway Properties (PKY) had its price target lowered by Robert W. Baird from $19.00 to $16.00. They have a “Neutral” rating on the company.

General Motors (GM) had its price target lowered by Barclays Capital from $40.00 to $38.00. They have an “Overweight” rating on the company.

International Rectifier (IRF) had its price target lowered by FBR Capital from $34.00 to $31.00. They have an “Outperform” rating on the company.

JDS Uniphase Co. (JDSU) had its price target lowered by Stifel Nicolaus from $28.00 to $23.00. They have a “Buy” rating on the company.

Petroleo Brasileiro SA (PBR) had its price target lowered by Barclays Capital from $53.00 to $43.00. They have an “Overweight” rating on the company.

Lear Co. (LEA) had its price target lowered by Barclays Capital from $67.00 to $64.00. They have an “Overweight” rating on the company.

Newell Rubbermaid (NWL) had its price target lowered by Citigroup (NYSE:C) to $18.00. They have a “Buy” rating on the company.

Lear (LEA) (TTMI) (MCHP) (CBOE) (SFY) (SGEN) Price Targets Changed

Lear Co. (NYSE: LEA), TTM Tech (NASDAQ: TTMI), Microchip Technology Inc. (NASDAQ: MCHP), CBOE Holdings, Inc (NASDAQ: CBOE), Swift Energy (NYSE: SFY) and Seattle Genetics, Inc. (NASDAQ: SGEN) price targets adjusted by analysts.

Lear Co. (NYSE: LEA) had its price target raised by Barclays Capital to $67.00. They have an “Overweight” rating on the company.

TTM Tech (TTMI) had its price target lowered by UBS AG from $20.00 to $17.00. They have a “Buy” rating on the company.

Microchip Technology Inc. (MCHP) had its price target lowered by UBS AG (NYSE:UBS) from $37.00 to $33.50. They have a “Neutral” rating on the company.

CBOE Holdings, Inc. (CBOE) had its price target raised by Barclays Capital to $26.00. They have an “Equal Weight” rating on the company.

Swift Energy (SFY) had its price target lowered by MKM Partners from $52.00 to $46.00. They have a “Buy” rating on the company.

Seattle Genetics, Inc. (SGEN) had its price target lowered by UBS AG from $21.00 to $16.00. They have a “Neutral” rating on the company.

Dividends on (DFG) (JWN) (LEA) (MDU) (NOV) Declared

Delphi Financial Grp. (NYSE:DFG), Nordstrom Inc. (NYSE:JWN), Lear Corporation (NYSE:LEA), MDU Resources (NYSE:MDU) and National Oilwell Varco Inc. (NYSE:NOV) declare dividends.

The Board of Directors of Delphi Financial Grp. (DFG) declared a quarterly common stock dividend of $0.12 per share payable 6/8/11 to shareholders of record at the close of business on 5/25/11.

The Board of Directors of Nordstrom Inc. (JWN) declared a quarterly common stock dividend of $0.23 per share payable 6/15/11 to shareholders of record at the close of business on 5/31/11.

The Board of Directors of Lear Corporation (LEA) declared a quarterly common stock dividend of $0.125 per share payable 6/22/11 to shareholders of record at the close of business on 6/3/11.

The Board of Directors of MDU Resources (MDU) declared a quarterly common stock dividend of $0.1625 per share payable 7/1/11 to shareholders of record at the close of business on 6/9/11.

The Board of Directors of National Oilwell Varco Inc. (NOV) declared a quarterly common stock dividend of $0.11 per share payable 6/24/11 to shareholders of record at the close of business on 6/10/11.

Price Targets on (FOSL) (GMCR) (GPS) (HANS) (LEA) Updated

Analysts updated their price targets on Fossil (NASDAQ: FOSL), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), The Gap Inc. (NYSE: GPS), Hansen Natural Co. (NASDAQ: HANS) and Lear Co. (NYSE: LEA) today.

Jefferies (NYSE:JEF) raised their price target on Fossil (FOSL) from $100.00 to $115.00. They have a “buy” rating on the company.

Canaccord Genuity raised their price target on Green Mountain Coffee Roasters Inc. (GMCR) to $97.00.

Citigroup (NYSE:C) cut their price target on The Gap Inc. (GPS) from $25.00 to $22.00. They have a “hold” rating on the company.

Citigroup raised their price target on Hansen Natural Co. (HANS) from $58.00 to $65.00.

Morgan Stanley (NYSE:MS) raised their price target on Lear Co. (LEA) to $50.00. They have an “underweight” rating on the company.

Price Targets on (KEG) (KNXA) (LEA) (LINTA) (LPNT) Updated by Analysts

Key Energy (NYSE: KEG), Kenexa Co. (NASDAQ: KNXA), Lear Co. (NYSE: LEA), Liberty Media Corp (NASDAQ: LINTA) and Lifepoint Hospitals (NASDAQ: LPNT) get price targets updated today by analysts.

Jefferies (NYSE:JEF) raised their price target on Key Energy (KEG) from $18.00 to $20.00. They have a “buy” rating on the company.

Wedbush raised their price target on Kenexa Co. (KNXA) from $30.00 to $35.00.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Lear Co. (LEA) from $67.50 to $70.00. They have a “neutral” rating on the company.

Citigroup (NYSE:C) raised their price target on Liberty Media Corp (LINTA) from $18.75 to $22.00. They have a “buy” rating on the company.

Oppenheimer raised their price target on Lifepoint Hospitals (LPNT) from $39.00 to $43.00. They have a “perform” rating on the company.

Price Targets on (MA) (DOX) (HLS) (LEA) (LO) Raised by Analysts

Amdocs Limited (NYSE: DOX), HealthSouth (NYSE: HLS), Lear Co. (NYSE: LEA), Lorillard Inc. (NYSE: LO) and MasterCard (NYSE: MA) get price targets raised today by analysts.

ThinkEquity raised their price target on Amdocs Limited (DOX) to $32.00. They now have a “hold” rating on the company.

Morgan Stanley (NYSE:MS) raised their price target on HealthSouth (HLS) to $30.00. They have an “overweight” rating on the company.

Goldman Sachs (NYSE:GS) raised their price target on Lear Co. (LEA) to $65.00. They have a “buy” rating on the company.

Goldman Sachs raised their price target on Lorillard Inc. (LO) to $118.00. They now have a “buy” rating on the company.

Goldman Sachs raised their price target on MasterCard (MA) to $310.00. They have a “buy” rating on the company.

Barclays Likes Lear (LEA) (JCI) (TEN) (DAN) in Auto Parts Sector

Barclays (NYSE:BCS) analyst Brian Johnson recommends buying shares of Ford (NYSE:F) and General Motors (NYSE:GM) as the stock price of both companies have fallen over 14 percent recently, but he also likes the auto parts sector, eyeing companies like Dana Holding (NYSE:DAN), Johnson Controls (NYSE:JCI), Lear Corp. (NYSE:LEA) and Tenneco (NYSE:TEN).

Of particular note for the parts industry is the commercial truck segment, where things are taking off because orders have come back strong.

As for auto sales, the reason Johnson is bullish there is from price increases on vehicles from the manufacturers, Turbo Ecoboost technology from Ford, and production estimates are probably understated.

Tenneco closed Thursday at $43.60, gaining $0.30, or 0.69 percent. Lear Corporation ended the day at $48.97, rising $0.74, or 1.53 percent. Johnson Controls closed the session at $40.73, up $0.60, or 1.50 percent. Dana Holding closed at $18.33, increasing $0.51, or 2.86 percent.

Lear (NYSE:LEA) EPS, Cash Flow Adjusted on Volumes, Guidance, Valuation

Citing 2011 guidance, valuation multiples and light vehicle production volumes, CRT capital adjusted their EPS and cash flow estimates on Lear (NYSE:LEA).

CRT says, "We are revising our earnings and cash flow estimates to reflect, among other things: (1) our most recent light vehicle production volumes, (2) management’s 2011 guidance, and (3) slightly higher valuation multiples. As a result of the aforementioned revisions, we are increasing our price target on the Company’s Common Shares to $126/share. Our revised price target is approximately 20% above the most recent closing price ($104.99)...We believe that the strength of LEA’s credit profile is already largely reflected in the trading levels of its 7.875% Senior Notes due ’18 and 8.125% Senior Notes due ’20 (collectively, the “Senior Notes”), which recently traded at dollar prices of 108 and 110, respectively, to yield 6.0% and 6.2%, respectively. As a result, we are affirming our “Fair Value” rating on the Senior Notes."

CRT Capital maintains a "Buy" rating on Lear (LEA), which closed Monday at $107.12, up $2.13, or 2.03 percent. CRT raised their price target on Lear from $92 to $126.

Accumulate Lear (NYSE:LEA) on Weakness says Soleil

Citing awarded business, increased industry build assumptions and company comments, increased their PT on Lear (NYSE:LEA), but recommend buying the company on weakness as the supplier segment looks volatile.

Soleil noted, "We have increased our earnings assumptions for Lear for 2010, 2011 and 2012 to reflect higher industry build assumptions in North America and in Europe, an increase in awarded business, and recent company comments...We have increased our target price as the market increasingly looks to 2012 earnings, but believe the supplier group will remain volatile, presenting better buying opportunities over the coming months and look to accumulate the stock on weakness."

Soleil Securities reiterates a "Hold" on Lear, which closed Thursday at $106.74, gaining $0.56, or 0.53 percent. Soleil raised their price target on Lear from $96 to $109.

Tenneco (NYSE:TEN), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), ArvinMeritor (NYSE:ARM) Among Barclays' Auto Favorites,

Even after a strong 2010 Barclays (NYSE:BCS) says they believe the auto sector could have more room to grow, including their favorites Tenneco (NYSE:TEN), Dana Holding (NYSE:DAN), Lear (NYSE:LEA) and ArvinMeritor (NYSE:ARM), as well as Ford (NYSE:F) and GM (NYSE:GM).

Barclays said, "Even after strong 4Q10 and YTD 2011 performance auto stocks may have room for further strength. Based on our analysis of prior recoveries, in particular in the early 1990s, we believe that auto stocks may have another 6-9 months of outperformance left for three reasons: 1) continued growth in sales with the economic recovery back on track, 2) room for further multiple expansion, even to the point of 'overshooting'; and 3) continued supportive Fed policy - the withdrawal of which typically marks the end of automotive outperformance. We believe that OEMs, which have generally lagged parts, still offer relative value, reiterating our Overweight for both Ford and GM and a new price target of $23 for F (26% potential upside) and an increased price target of $48 for GM (23% potential upside); in addition, we continue to like less-than-fully valued strong adoption curve growth stories - Tenneco (reiterating OW with a PT $57 (32% potential upside), as well as turnaround values Dana Holding (reiterating OW with a $25 PT, 39% potential upside), and Lear (upgrading to OW with a $123 PT, 16% potential upside). We also continue to like ArvinMeritor which offers leverage to the strong cyclical recovery in commercial vehicles."

Tenneco was trading at $44.29, gaining $2.38, or 5.68 percent, as of 2:39 PM EST. Dana Holding was at $18.55, up $.073, or 4.10 percent. Lear was at $108.02, gaining $2.22, or 2.10 percent. ArvinMeritor was trading at $21.99, up $0.57, or 2.66 percent.

KeyBanc Bullish on TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI), Tenneco (NYSE:TEN)

KeyBanc is bullish on the automotive and commercial vehicle markets heading into 2011, and they like TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI) and Tenneco (NYSE:TEN) in the sector.

KeyBanc said, "Heading into 2011, we have increased confidence in the ongoing recovery in both the automotive and commercial vehicle markets and believe that select stocks with exposure to those verticals are likely to continue to outperform. As such: 1) we are upgrading our rating on shares of TRW Automotive to BUY from HOLD and establishing a $69 price target; 2) we are raising our price targets on Autoliv Inc. to $92 from $76, ArvinMeritor, Inc. to $29 from $25, Dana Holding Corporation to $20 from $17, Lear Corporation to $127 from $104, Stoneridge, Inc. to $19 from $16, and Tenneco Automotive Inc. to $55 from $40; 3) we are raising our 2010 and 2011 automotive and commercial vehicle forecasts and introducing a 2012 forecast; and 4) we are raising 2010 and 2011 earnings estimates accordingly. Our top picks are ARM (#1), TEN (#2), LEA (#3), TRW (#4), and for small cap investors SRI."

TRW Automotive closed Tuesday at $53.03, up $0.40, or 0.76 percent. Autoliv, Inc. closed at $78.73, up $0.41, or 0.52 percent. ArvinMeritor ended at $19.97, up $0.68, or 3.53 percent. Dana Holding was up to $17.05, increasing $0.59, or 3.58 percent. Stoneridge Inc. closed at $15.85, up $0.54, or 3.53 percent. Tenneco ended at $41.22, up 1.11, or 2.77 percent.