Tyco (TYC) (EPAY) (FTNT) (STX) (WEN) (RGA) Ratings, Price Targets

Tyco International Ltd (NYSE: TYC), Bottomline Technologies (NASDAQ: EPAY), Fortinet, Inc. (NASDAQ: FTNT), Seagate (NYSE: STX), Wendys Arbys Group (NYSE: WEN) and Reinsurance Group of America (NYSE: RGA) ratings and price targets.

Bottomline Technologies (EPAY) had its “Buy” rating reiterated by Canaccord Genuity.

Fortinet, Inc. (FTNT) had its “Market Perform” rating reiterated by Oppenheimer.

Seagate (STX) had its price target raised by Needham & Company from $35.00 to $45.00. They have a “Strong-Buy” rating on the company.

Tyco International Ltd (TYC) had its price target raised by FBR Capital from $54.00 to $57.00. They have an “Outperform” rating on the company.

Wendys Arbys Group (WEN) was downgraded by Roth Capital from a “Buy” rating to a “Neutral” rating.

Reinsurance Group of America (RGA) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.

Aruba (ARUN) (AAP) (AMSC) (WEN) (AONE) (ATPG) Downgraded

Aruba Networks, Inc. (NASDAQ: ARUN), Advance Auto Parts, Inc. (NYSE: AAP), American Superconductor Co. (NASDAQ: AMSC), Wendys Arbys Group (NYSE: WEN), A123 Systems, Inc. (NASDAQ: AONE) and ATP Oil & Gas Co. (NASDAQ: ATPG) were downgraded by analysts.

Aruba Networks, Inc. (ARUN) was downgraded by Brigantine from a “Buy” rating to a “Hold” rating.

Advance Auto Parts, Inc. (AAP) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

American Superconductor Co. (AMSC) was downgraded by ThinkEquity from a “Hold” rating to a “Sell” rating.

Wendys Arbys Group (WEN) was downgraded by Deutsche Bank (NYSE:DB)from a “Buy” rating to a “Hold” rating. They have a price target of $5.75 on the company.

A123 Systems, Inc. (AONE) was downgraded by Craig Hallum to a “Hold” rating.

ATP Oil & Gas Co. (ATPG) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Reduce” rating. They have a price target of $6.25 on the company, down from $14.00.

Rare Element (REE) (TIF) (WEN) (WSM) (ERII) (LLTC) Get New Coverage

Rare Element Resources (NYSE: REE), Tiffany & Co. (NYSE: TIF), Wendys Arbys Group Ord Shs Class A (NYSE: WEN), Williams Sonoma Inc (NYSE: WSM), Energy Recovery Inc (NASDAQ: ERII) and Linear Technology Co. (NASDAQ: LLTC) had new coverage initiated on them by analysts.

Global Hunter Securities initiated coverage on Rare Element Resources (REE). They placed a “Buy” rating and a price target of $18.50 on the company.

Merriman Curhan Ford initiated coverage on Tiffany & Co. (TIF). They placed a “Neutral” rating on the company.

Janney Montgomery Scott initiated coverage on Wendys Arbys Group (WEN). They placed a “Buy” rating on the company.

Merriman Curhan Ford initiated coverage on Williams Sonoma Inc (WSM). They placed a “Buy” rating on the company.

Rodman & Renshaw initiated coverage on Energy Recovery Inc. (ERII). They placed a “Market Perform” rating on the company.

Wells Fargo & Co. (NYSE:WFC) initiated coverage on Linear Technology Co. (LLTC). They placed an “Outperform” rating on the company.

Ratings on (UTEK) (UTX) (WEN) (ZUMZ) Reiterated

Ratings on Ultratech, Inc. (NASDAQ: UTEK), United Technologies Co. (NYSE: UTX), Wendys Arbys Group (NYSE: WEN) and Zumiez (NASDAQ: ZUMZ) were reiterated by analysts.

Bank of America (NYSE:BAC) reiterated a “buy” rating on Ultratech, Inc. (UTEK).

Deutsche Bank (NYSE:DB) reiterated a “buy” rating on United Technologies Co. (UTX).

Deutsche Bank reiterated a “buy” rating on Wendys Arbys Group (WEN).

Oppenheimer reiterated an “outperform” rating on Zumiez (ZUMZ).

Dividends from (RELV) (PMD) (QCRH) (WEN) (AXS) Declared

Reliv International Inc (NASDAQ:RELV), Psychemedics Corp (NASDAQ:PMD), QCR Holdings Inc. (NASDAQ:QCRH), Wendy's/Arby's Group, Inc. (NYSE:WEN) and Axis Capital Holdings Ltd (NYSE:AXS) declare dividends.

The Board of Directors of Reliv International Inc (RELV), declared a quarterly common stock dividend of $0.03 a share payable 5/26/11 to shareholders of record at the close of business on 5/16/11.

The Board of Directors of Psychemedics Corp (PMD) declared a cash dividend of $0.12 a share on the company's common stock payable on 5/27/11 to Stockholders of record on 5/16/11.

The Board of Directors of QCR Holdings Inc. (QCRH) declared a regular cash dividend of $0.04 a common share. The dividend will be payable on 7/7/11 to common stockholders of record at the close of business on 6/23/11.

The Board of Directors of Wendy's/Arby's Group, Inc. (WEN) declared a regular cash dividend of $0.02 per common share. The dividend will be payable on 6/15/11 to common stockholders of record at the close of business on 6/1/11.

The Board of Directors of Axis Capital Holdings Ltd (AXS) declared a regular cash dividend of $0.23 per common share. The dividend will be payable on 7/15/11 to common stockholders of record at the close of business on 6/30/11.

Wendy's (NYSE:WEN) May Put Arby's Up For Sale

The market liked the announcement by Wendy's (NYSE:WEN) that they may be putting Arby's up for sale.

While saying they're exploring strategic alternatives, after the reasoning given by chairman Nelson Peltz, the only course of action would be to sell Arby's.

Peltz said, “We believe the way to maximize shareholder value is to focus all of our management and financial resources on continuing to build the Wendy’s brand. Arby’s is a good business, and we are making progress improving its performance, as evidenced by the 3.1% increase in company-operated same-store sales in the fourth quarter of 2010."

Roland Smith, President and Chief Executive Officer of Wendy’s/Arby’s, added, "A pure-play Wendy's will enable us to focus all of our energies on growing the Wendy’s brand via new store growth both in North America and international markets, and with accelerated same-store sales through the introduction of new dayparts and core menu innovation."

Wendy's/Arby's Group was trading at $4.83, gaining $0.36, or 8.05 percent, as of 11:41 AM EST.