QLogic (QLGC) (PCP) (ODFL) (OIIM) (NETL) (EQT) Price Targets Changed

QLogic Co. (NASDAQ: QLGC), Precision Castparts (NYSE: PCP), Old Dominion (NASDAQ: ODFL), O2Micro International Limited (NASDAQ: OIIM), NetLogic Microsystems, Inc. (NASDAQ: NETL) and EQT Corp. (NYSE: EQT) price targets adjusted by analysts.

QLogic Co. (QLGC) had its price target lowered by Morgan Keegan to $21.00.

Precision Castparts (PCP) had its price target raised by RBC Capital from $177.00 to $192.00. They have a “Top Pick” rating on the company.

Old Dominion (ODFL) had its price target raised by Deutsche Bank (NYSE:DB) to $46.00.

O2Micro International Limited (OIIM) had its price target raised by Deutsche Bank to $49.00.

NetLogic Microsystems, Inc. (NETL) had its price target lowered by UBS AG (NYSE:UBS) from $48.50 to $44.00. They have a “Buy” rating on the company.

EQT Corp. (EQT) had its price target raised by RBC Capital from $69.00 to $76.00. They have an “Outperform” rating on the company.

Ratings on (QCOR) (ADES) (FL) (CSCO) (PCP) Reiterated

Ratings on shares of Questcor (NASDAQ:QCOR), ADA-ES (NASDAQ:ADES), Foot Locker (NYSE:FL), Cisco Systems (NASDAQ:CSCO) and Precision Castparts (NYSE:PCP) reiterated by analysts.

Oppenheimer reiterated an "Outperform" rating on Questcor (QCOR). They raised their price target on the company from $23 to $27.

Wedbush reiterated an "Outperform" rating on ADA-ES (ADES). They lowered their price target on the company from $21 to $13.

Wedbush reiterated an "Outperform" rating on Foot Locker (FL). They raised their price target on the company from $23 to $26.

Feltl & Co. reiterated a "Buy" rating on Cisco Systems (CSCO). They raised their price target on the company from $20.50 to $23.

Stifel Nicolaus reiterated a "Buy" rating on Precision Castparts (PCP). They raised their price target on the company from $175 to $180.

Price Targets on (VELT) (VRNM) (PCP) Updated

Price targets on shares of Velti (NASDAQ: VELT), Verenium (NASDAQ: VRNM) and Precision Castparts (NYSE: PCP) were updated by analysts.

Wedbush raised their price target on Precision Castparts (PCP) from $165.00 to $170.00. They have an “outperform” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Velti (VELT) from $18.50 to $23.00. They have a “buy” rating on the company.

Jefferies cut their price target on Verenium (VRNM) from $3.30 to $2.95. They have a “hold” rating on the company.

Price Targets on (PCP) (TSN) (NVDA) (TSON) Updated

Price targets on shares of Precision Castparts (NYSE: PCP), Tyson Foods, Inc. (NYSE: TSN), NVIDIA (NASDAQ: NVDA) and TranS1 Inc. (NASDAQ: TSON) were updated by analysts.

Jefferies (NYSE:JEF) raised their price target on Precision Castparts (PCP) from $140.00 to $160.00. They have a “hold” rating on the company.

Bank of America (NYSE:BAC) raised their price target on Tyson Foods, Inc. (TSN) from $17.00 to $18.00.

Bank of America cut their price target on NVIDIA (NVDA) from $30.00 to $26.00. They have a “buy” rating on the company.

Piper Jaffray (NYSE:PJC) raised their price target on TranS1 Inc. (TSON) from $4.00 to $6.00. They have an “overweight” rating on the company.

Price Targets on (SIRI) (NVDA) (PCP) (TPCG) Updated

Price targets on shares of NVIDIA (NASDAQ: NVDA), Precision Castparts (NYSE: PCP), Sirius XM Radio Inc. (NASDAQ: SIRI) and TPC Group, Inc. (NASDAQ: TPCG) were updated by analysts.

Brean Murray cut their price target on NVIDIA (NVDA) from $30.00 to $26.00.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Precision Castparts (PCP) from $161.00 to $164.00. They have an “overweight” rating on the company.

Wunderlich raised their price target on Sirius XM Radio Inc. (SIRI). They have a “hold” rating on the company.

Oppenheimer raised their price target on TPC Group, Inc. (TPCG) to $49.00. They have an “outperform” rating on the company.

Ratings on (PCP) (QCOM) (MMM) (DVA) (AMD) Reiterated

Ratings on shares of Precision Castparts Corp. (NYSE:PCP), Qualcomm Inc. (NASDAQ:QCOM), 3M Co. (NYSE:MMM), DaVita Inc (NYSE:DVA) and Advanced Micro Devices Inc. (NYSE:AMD) were reiterated by analysts.

Credit Suisse (NYSE:CS) reiterated an “Outperform” rating on Precision Castparts Corp. (PCP). They have a price target of $173 on the company. Up from $163.

Deutsche (NYSE:DB) reiterated a “Buy” rating on Qualcomm Inc. (QCOM). They have a price target of $65 on the company.

FBR Capital Markets reiterated an “Outperform” rating on 3M Co. (NYSE:MMM). They have a price target of $105 on the company.

Deutsche Bank reiterated a “Buy” rating on DaVita Inc (DVA). They have a price target of $102 on the company. Up from $101.

Deutsche Bank reiterated a “Hold” rating on Advanced Micro Devices Inc. (NYSE:AMD). They have a price target of $8 on the company.

Price Targets on (PCP) (QCOR) (VELT) (VMED) Updated

Price targets on Precision Castparts (NYSE: PCP), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), Velti (NASDAQ: VELT) and Virgin Media (NASDAQ: VMED) were updated by analysts.

Stifel Nicolaus raised their price target on Precision Castparts (PCP) from $175.00 to $180.00.

Oppenheimer raised their price target on Questcor Pharmaceuticals, Inc. (QCOR) to $27.00.

Needham & Company raised their price target on Velti (VELT) from $17.00 to $21.00. They have a “buy” rating on the company.

Wunderlich raised their price target on Virgin Media (VMED) from $32.00 to $37.00. They have a “buy” rating on the company.

Big Movers (WLT) (MHK) (BLK) (BAP) (VRUS) on May 6

Among the big, positive movers on Friday, May 6, were Precision Castparts (PCP), Tele Celular Sul Par (TSU), Faro Technologies (FARO), Intercontinentalexchange (ICE) and Enpro Industries (NPO).

Precision Castparts (PCP) jumped $3.81, to close at $157.78, a gain of 2.47 percent.

Tele Celular Sul Par (TSU) was up $3.75 on the day to close at $47.43, a gain of 8.59 percent.

Faro Technologies (FARO) climbed $3.67 to close at $43.04, a gain of 9.32 percent.

Intercontinentalexchange (ICE) rose $3.54 to close the session at $117.60, a gain of 3.10 percent.

Enpro Industries (NPO) was up $3.48 to end the day at $42.89, a gain of 8.83 percent.

Dividend Yields for (ROP) (TXT) (DHR) (PCP) (PBI)

Indicated dividend yields for Standard & Poor's 500 Index companies Roper Industries Inc (ROP), Textron Inc (TXT), Danaher Corp (DHR), Precision Castparts Corp (PCP) and Pitney Bowes Inc (PBI).

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.

Roper Industries Inc (ROP) has a dividend yield of 0.51 percent on a declared dividend of $0.11. The payout ratio is 11.8 percent.

Textron Inc (TXT) has a dividend yield of 0.31 percent on a declared dividend of $0.02. The payout ratio is 17.8 percent.

Danaher Corp (DHR) has a dividend yield of 0.14 percent on a declared dividend of $0.02. The payout ratio is 3.2 percent.

Precision Castparts Corp (PCP) has a dividend yield of 0.08 percent on a declared dividend of $0.03. The payout ratio is 1.7 percent.

Pitney Bowes Inc (PBI) has a dividend yield of 6.03 percent on a declared dividend of $0.37. The payout ratio is 85.7 percent.

Goldman (GS) Likes (ERJ) (PCP) (BA) (BEAV) (UTX) (GE) in Aerospace

Citing demand from China, Goldman Sachs said they like the Aerospace sector and named their favorite public companies in the space as Embraer SA (NYSE: ERJ), Precision Castparts Corp. (NYSE: PCP), Boeing Co. (NYSE: BA), BE Aerospace Inc. (NASDAQ: BEAV), United Technologies (NYSE: UTX) and General Electric (NYSE: GE).

Goldman mentioned they had underestimated the growing civil aerospace industry in China, saying, "We believe China will deliver its first narrow body aircraft in 5-8 years, and its first domestically produced aero engine and its first wide body aircraft in 10-20 years. This is a longer-term concern for Western air-framers and their suppliers but is an issue they are considering now."

China now accounts for about 15 percent of the annual deliveries of large aircraft from manufacturers Boeing and Airbus. This is estimated to grow to 20 percent over the next couple of decades, as China is looking to acquire about 4,00 new large commercial planes during that time.

The growing middle class in China is the fuel behind the growing travel demand.

Other companies mentioned by Goldman that they like are Safran, MTU, Cathay Pacific, China Eastern, and Shanghai International Airport.

Citigroup (NYSE:C) Likes Lockheed (LMT), General Dynamics (GD), Northrop Grumman (NOC), Raytheon (RTN), Boeing (BA), Goodrich (GR), Precision Castpar

Being more positive on aerospace and defense than its colleagues, Citigroup (NYSE:C) said they see Lockheed (NYSE:LMT), General Dynamics (NYSE:GD), Northrop Grumman (NYSE:NOC), Raytheon (NYSE:RTN), Boeing (NYSE:BA), Goodrich (NYSE:GR), Precision Castparts (NYSE:PCP) benefiting from the current spending environment in the sectors.

Citi said, “We think investors are pricing zero to negative growth into defense stocks indefinitely. In a nutshell: The DoD has to spend money to refresh and update equipment.”

The giant bank sees defense moving away from R&D spending and moving spending to the procurement of existing weapon systems. That could boost margins for companies serving the sector, said Citigroup analysts Jason Gursky and Jonathan Raviv.

They also noted that companies could also focus more on selling to foreign and adjacent markets, boosting earnings there as well.

The analysts say stocks in the two sectors are trading at historically low valuations. Measured by earnings over the next 12 months, the companies are trading at 0nly 9 times expectations, below the 10 to 15 times in the past. The 9 times earnings is 35 percent below the broader market.