Ratings on Brightpoint Inc (NASDAQ: CELL), CPFL Energia SA (NYSE: CPL), Calpine (NYSE: CPN), Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) and Coinstar (NASDAQ: CSTR) reiterated by analysts.
Jefferies (NYSE:JEF) reiterated a “hold” rating on shares of Brightpoint Inc (CELL).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on shares of CPFL Energia SA (CPL).
Wunderlich reiterated a “buy” rating on Calpine (CPN). They have a price target of $18.00 on the company.
Oppenheimer reiterated an “outperform” rating on Citizens Republic Bancorp, Inc. (CRBC). They have a price target of $1.40 on the company.
Piper Jaffray reiterated an “overweight” rating on Coinstar (CSTR). They have a price target of $68.00 on the company.
Monday, May 2, 2011
Ratings on (CELL) (CPL) (CPN) (CRBC) (CSTR) Reiterated
Wednesday, December 1, 2010
Citizens Republic Bancorp (NASDAQ:CRBC) Should Improve in 2011-2012
Even though in the short term Citizens Republic Bancorp (NASDAQ:CRBC) could slightly underperform, FBR Captial improving in the second half of 2011 and into 2012.
FBR said, "We are revising our 2010 EPS estimate from ($0.46) to ($0.62) and our 2011 EPS estimate from ($0.09) to ($0.28). Additionally, we are establishing a 2012 EPS estimate of $0.07. Although we are reducing our estimates in 2010 and 2011, much of this is frontloaded, as we believe management will work to minimize losses quickly - and given this strategy, we expect the latter half of 2011 and 2012 to yield results indicative of the company's healthy pretax, pre-provision earnings base."
Citizens Republic closed Tuesday at $0.58, falling $0.01, or 1.69 percent. FBR lowered their price target on them from $1 to $0.75.
Trading volume was about 20 percent higher than its 3-month average.