Vale (VALE) (DELL) (EXR) (IHS) (OFC) (SVN) (TJX) (DKS) Price Targets Changed

Vale (NASDAQ: VALE), Dell Inc. (NASDAQ: DELL), Extra Space Storage (NYSE: EXR), IHS (NYSE: IHS), Corporate Office Properties (NYSE: OFC), 7 Days Group Holdings Ltd (NYSE: SVN), TJX Companies Inc (NYSE: TJX) and Dick’s Sporting Goods (NYSE: DKS) price targets adjusted by analysts.

Vale (VALE) had its price target lowered by Citigroup (NYSE:C) to $40.00. They have a “Buy” rating on the company.

Dell Inc. (DELL) had its price target lowered by RBC Capital from $20.00 to $17.00. They have a “Sector Perform” rating on the company.

Extra Space Storage (EXR) had its price target raised by RBC Capital from $21.00 to $24.00. They have an “Outperform” rating on the company.

IHS (IHS) had its price target lowered by Goldman Sachs (NYSE:GS) to $85.00. They have a “Neutral” rating on the company.

Corporate Office Properties (OFC) had its price target lowered by FBR Capital from $32.00 to $29.00. They have a “Market Perform” rating on the company.

7 Days Group Holdings Ltd (SVN) had its price target raised by Brean Murray from $27.00 to $30.00. They have a “Buy” rating on the company.

TJX Companies Inc. (TJX) had its price target raised by RBC Capital from $62.00 to $64.00. They have an “Outperform” rating on the company.

Dick’s Sporting Goods (DKS) had its price target lowered by FBR Capital from $44.00 to $40.00. They have an “Outperform” rating on the company.

Sovran (NYSE:SSS).U-Store-It (NYSE:YSI), FBR's Top Choices in Self Storage REITs

Sovran Self Storage (NYSE:SSS) and U-Store-It Trust (NYSE:YSI) are the top picks of FBR Capital in the Real Estate/Self Storage REITs sector.

FBR said, "Management representatives from Sovran Self Storage (NYSE:SSS)(Outperform-rated) and U-Store-It Trust (NYSE:YSI)(Outperform) presented at the 2010 FBR Capital Markets Fall Investor Conference, held yesterday in New York City. While the message was not that different from the one we heard at NAREIT just two weeks ago, it seemed that the themes appeared somewhat more crystallized. We touch on a few in the text that follows. We continue to like the storage sector given (1) cash flow resilience, (2) recovery upside (aka, short lease cash flow elasticity), (3) simple fixed cost structures, (4) better earnings quality, (5) exemplary scales of economy, and finally (6) attractive relative pricing. We estimate that the group trades with an unweighted implied cap rate of 7.2%, versus 6.7% for REITs overall. On the basis of AFFO multiples, the group trades at 16.4x, versus 17.9x for REITs overall. Our collective return expectation for the group is 21.0%, versus 11.9% for REITs overall (based on our current RMZ target of 818, established on November 12, 2010)."

"Our top picks in the self storage space are SSS and YSI; we maintain Extra Space Storage (NYSE:EXR) at Market Perform and Public Storage (NYSE:PSA) at Underperform."

Sovran closed Wednesday at $36.41, gaining $0.38, or 1.05 percent. U-Store-It ended the session at $8.38, up $0.11, or 1.33 percent. Extra Space closed at $16.36, rising by $0.34, or 2.12 percent. Public Storage was at $98.21, soaring $1.61, or 1.67 percent.