CBS (CBS) (EMR) (FWLT) (MPWR) (PCS) (WFR) Price Targets Changed

CBS (NYSE: CBS), Emerson Electric Co. (NYSE: EMR), Foster Wheeler Ltd. (NASDAQ: FWLT), Monolithic Power Systems Inc (NASDAQ: MPWR), MetroPCS (NYSE: PCS) and MEMC Electronic Materials Inc (NYSE: WFR) had their price targets adjusted by analysts.

CBS (CBS) had its price target raised by The Benchmark Company from $30.00 to $33.00. They have a “Buy” rating on the company.

Emerson Electric Co. (EMR) had its price target lowered by FBR Capital from $60.00 to $57.00. They have a “Market Perform” rating on the company.

Foster Wheeler Ltd. (FWLT) had its price target lowered by UBS AG (NYSE:UBS) from $40.00 to $37.00. They have a “Buy” rating on the company.

Monolithic Power Systems Inc. (MPWR) had its price target lowered by Needham & Company from $20.00 to $19.00. They have a “Buy” rating on the company.

MetroPCS (PCS) had its price target lowered by UBS AG from $23.00 to $15.00. They have a “Buy” rating on the company.

MEMC Electronic Materials Inc. (WFR) had its price target lowered by Citigroup (NYSE:C) to $15.00. They have a “Buy” rating on the company.

Price Targets on (GA) (GNK) (JWN) (MPWR) (NVDA) Updated

Price targets on shares of Giant Interactive Group (NYSE: GA), Genco Shipping & Trading Ltd (NYSE:GNK), Nordstrom, Inc. (NYSE: JWN), Monolithic Power Systems Inc (NASDAQ: MPWR) and NVIDIA (NASDAQ: NVDA) were updated by analysts.

Jefferies (NYSE:JEF) raised their price target on Giant Interactive Group (GA) from $10.00 to $11.00.

Citigroup (NYSE:C) cut their price target on Genco Shipping & Trading Ltd (GNK) from $8.00 to $7.50. They have a “sell” rating on the company.

Piper Jaffray raised their price target on Nordstrom, Inc. (JWN) from $53.00 to $60.00. They have an “overweight” rating on the company.

Piper Jaffray (NYSE:PJC) raised their price target on Monolithic Power Systems Inc (MPWR) from $18.50 to $22.50. They have an “overweight” rating on the company.

Citigroup cut their price target on NVIDIA (NVDA) from $27.00 to $22.00. They have a “hold” rating on the company.

Monolithic Power Systems (NASDAQ:MPWR) EPS Estimates Lowered by Needham

Needham & Company continues to like the growth prospects of Monolithic Power Systems (NASDAQ:MPWR), but lowered their EPS estimates going forward on rising expenses.

Needham said, "We have interfaced with CFO Rao multiple times since she joined MPWR in early 2009 and are confident she will have no problem fulfilling the CFO role and interfacing with investors. We are using this publishing opportunity, however unrelated, to reduce our high street estimates more towards consensus. We remain upbeat on MPWR's growth opportunity through 2012 and will maintain estimates at the higher end of the consensus range. We reduced our Q4 EPS from $.17 to $0.15 on slightly higher expenses as well as our 2011 revenue/EPS from $229M/$1.10 to $217M/$0.95 and our 2012 revenue/EPS from $248M/$1.25 to $242M/$1.20."

Needham & Company maintains a "Buy" rating on Monolithic Power Systems, which closed Tuesday at $15.77, down $1.12, or 6.63 percent. They have a price target of $20 on them.