PACCAR (PCAR) (PRGS) (REPYY) (RWT) (OSK) (BEAV) Ratings, Price Targets

PACCAR (NASDAQ: PCAR), Progress Software (NASDAQ: PRGS), Repsol YPF SA (NASDAQ: REPYY), Redwood Trust (NYSE: RWT), Oshkosh Truck (NYSE: OSK) and BE Aerospace (NASDAQ: BEAV) ratings and price targets.

Progress Software (PRGS) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.

Repsol YPF SA (REPYY) was downgraded by Collins Stewart from a “Buy” rating to a “Hold” rating.

Redwood Trust (RWT) was downgraded by Keefe, Bruyette & Woods to a “Market Perform” rating.

Oshkosh Truck (OSK) had its price target raised by Credit Suisse (NYSE:CS) to $27.00. They have a “Neutral” rating on the company.

PACCAR (PCAR) had its price target raised by Goldman Sachs (NYSE:GS) to $47.00. They have a “Neutral” rating on the company.

BE Aerospace (BEAV) had its “Buy” rating reiterated by Sterne Agee. They have a price target of $49.00 on the company.

PACCAR (PCAR) (RATE) (HOLX) (ONXX) (PBNY) (SUI) Ratings, Price Targets

PACCAR (NASDAQ: PCAR), Bankrate (NASDAQ: RATE), Hologic, Inc. (NASDAQ: HOLX), Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX), Provident New York Bancorp (NASDAQ: PBNY) and Sun Communities Inc. (NYSE: SUI) ratings and price targets.

Bankrate (RATE) is now covered by Goldman Sachs (NYSE:GS). They have a “buy” rating on the firm.

Hologic, Inc. (HOLX) had its price target raised by Kaufman Brothers from $19.00 to $21.00. They have a “buy” rating on the firm.

Onyx Pharmaceuticals, Inc. (ONXX) was downgraded by Jefferies Group (NYSE:JEF) from a “buy” rating to a “hold” rating.

Provident New York Bancorp (PBNY) was downgraded by Sterne Agee from a “neutral” rating to an “underperform” rating.

PACCAR (PCAR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “overweight” rating to a “neutral” rating.

Sun Communities Inc. (SUI) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating.

Seagate (STX) (GES) (SAP) (MU) (QCOR) ( PCAR) Price Targets Changed

Seagate (NYSE: STX), Guess Inc (NYSE: GES), SAP Aktiengesellschaft (NYSE: SAP), Micron Technology, Inc. (NYSE: MU), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) and PACCAR (NASDAQ: PCAR) price targets adjusted by analysts.

Seagate (STX) had its price target lowered by RBC Capital from $18.00 to $13.00. They have a “Sector Perform” rating on the company.

Guess Inc. (GES) had its price target lowered by Wedbush from $50.00 to $37.00. They have a “Neutral” rating on the company.

SAP Aktiengesellschaft (SAP) had its price target lowered by Jefferies (NYSE:JEF) from $67.00 to $60.00.

Micron Technology, Inc. (MU) had its price target lowered by Barclays Capital from $9.00 to $8.00. They have an “Equal Weight” rating on the company.

Questcor Pharmaceuticals, Inc. (QCOR) had its price target raised by Maxim Group from $32.00 to $37.00. They have a “Buy” rating on the company.

PACCAR (PCAR) had its price target lowered by Deutsche Bank (NYSE:DB) from $52.00 to $43.50. They have a “Hold” rating on the company.

Altria (MO) (NVTL) (PCAR) (RTIX) (AIZ) (TAC) Upgraded

Altria Group (NYSE: MO), Novatel Wireless Inc (NASDAQ: NVTL), PACCAR (NASDAQ: PCAR), RTI Biologics Inc. (NASDAQ: RTIX), Assurant, Inc. (NYSE: AIZ) and TransAlta Co. (NYSE: TAC) upgraded by analysts.

Altria Group (MO) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $29.00 on the company.

Novatel Wireless Inc. (NVTL) was upgraded by Brigantine from a “Hold” rating to a “Buy” rating. They have a price target $6.00 on the company.

PACCAR (PCAR) was upgraded by McAdams Wright Ragen from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.

RTI Biologics Inc. (RTIX) was upgraded by The Benchmark Company from a “Hold” rating to a “Buy” rating. They have a price target of $4.00 on the company.

Assurant, Inc. (AIZ) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $46.00 on the company, up from $43.00.

TransAlta Co. (TAC) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.

Ex-Dividend for (COLM) (CVX) (HR) (MSFT) (PCAR) on May 17

The ex-dividend date for Columbia Sportswear Company (NASDAQ:COLM), Chevron Corporation (NYSE:CVX), Healthcare Realty Trust Inc. (NYSE:HR), Microsoft Corporation (NASDAQ:MSFT) and PACCAR Inc. (NASDAQ:PCAR) is May 17.

Columbia Sportswear Company (COLM) pays a dividend of $0.22 with a yield of 1.29 percent.

Chevron Corporation (CVX) pays a dividend of $0.78 with a yield of 3.04 percent.

Healthcare Realty Trust Inc. (HR) pays a dividend of $0.30 with a yield of 5.30 percent.

Microsoft Corporation (MSFT) pays a dividend of $0.16 with a yield of 2.48 percent.

PACCAR Inc. (PCAR) pays a dividend of $0.12 with a yield of 0.91 percent.

Dividend Yields for (PCAR) (CMI) (FAST) (FLR) (JOYG)

Indicated dividend yields for Standard & Poor's 500 Index companies PACCAR Inc (PCAR), Cummins Inc (CMI), Fastenal Co (FAST), Fluor Corp (FLR) and Joy Global Inc (JOYG).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

PACCAR Inc (PCAR) has a dividend yield of 0.90 percent on a declared dividend of $0.12. The payout ratio is 22.7 percent.

Cummins Inc (CMI) has a dividend yield of 0.87 percent on a declared dividend of $0.26. The payout ratio is 14.9 percent.

Fastenal Co (FAST) has a dividend yield of 0.78 percent on a declared dividend of $0.26. The payout ratio is 92.7 percent.

Fluor Corp (FLR) has a dividend yield of 0.71 percent on a declared dividend of $0.12. The payout ratio is 19.0 percent.

Joy Global Inc (JOYG) has a dividend yield of 0.69 percent on a declared dividend of $0.17. The payout ratio is 17.8 percent.

Navistar (NYSE:NAV), Cummins (NYSE:CMI), PACCAR (Nasdaq:PCAR) Bullish on Class 8 Outlook

Citing stronger fundamentals based on Class 8 orders, Barclays (NYSE:BCS) likes Navistar (NYSE:NAV), Cummins (NYSE:CMI) and PACCAR (Nasdaq:PCAR) in the sector.

Barclays said, "We believe we are at the beginning of a solid recovery in the NAFTA truck market, which should continue for the next few years. The fleet has aged past prior peak levels, used truck availability is low, and we see an improving freight environment. We are increasing NAFTA retail sales for Class 8 to 230K from 210K for 2011 to reflect improving fundamentals and constructive dealer channel checks.

"November's Net Order Data supports our view that Class 8 momentum is building: ACT released its Preliminary Net Order figures for November last week, with Class 8 orders at 26.3K, an increase of 39% sequentially and 149% y/y....

"We adjust our models for Cummins, Navistar, and PACCAR to reflect our more bullish Class 8 outlook. Positive trends in Class 8 should have a significant impact on overall revenues and profitability for our trucking names in 2011. We are adjusting our numbers as a result of these improving truck fundamentals and indicators, including ATA Tonnage. The revision to our CMI model also reflects broader margins following constructive meetings with management on Wednesday. We reiterate our OW rating on CMI and our 2-EW ratings on NAV (raises PT from $47 to $50) and PCAR (PT increased from $51 to $54)."

Navistar closed Friday at $58.03, down $0.07, or 0.12 percent. Cummins closed at $105.03, up $0.78, or 0.75 percent. PACCAR ended the session at $56.71, up $0.47, or 0.84 percent.