Price Targets (EXXI) (FRX) (GCI) (GME) (IGTE) Weekly Recap

Price targets on shares of Energy XXI (NASDAQ: EXXI), Forest Laboratories, Inc. (NYSE: FRX), Gannett (NYSE: GCI), GameStop Corp (NYSE: GME) and iGATE Co. (NASDAQ: IGTE) updated by analysts during the last week.

Rodman & Renshaw raised their price target on Energy XXI (EXXI) from $37.00 to $40.00. They have an “outperform” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Forest Laboratories, Inc. (FRX) from $39.00 to $42.00. They have a “buy” rating on the company.

UBS AG (NYSE:UBS) raised their price target on Gannett (GCI) from $16.00 to $25.00. They have a “buy” rating on the company.

Wedbush raised their price target on GameStop Corp (GME) from $26.00 to $33.00. They have an “outperform” rating on the company.

Jefferies raised their price target on iGATE Co. (IGTE) from $22.00 to $26.00. They have a “buy” rating on the company.

Price Targets on (EXXI) (FRX) (GCI) (GME) (IGTE) Updated

Price targets on Energy XXI (NASDAQ: EXXI), Forest Laboratories, Inc. (NYSE: FRX), Gannett (NYSE: GCI), GameStop Corp (NYSE: GME) and iGATE Co. (NASDAQ: IGTE) were updated by analysts.

Rodman & Renshaw raised their price target on Energy XXI (EXXI) from $37.00 to $40.00. They have an “outperform” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Forest Laboratories, Inc. (FRX) from $39.00 to $42.00. They have a “buy” rating on the company.

UBS AG (NYSE:UBS) raised their price target on Gannett (GCI) from $16.00 to $25.00. They have a “buy” rating on the company.

Wedbush raised their price target on GameStop Corp (GME) from $26.00 to $33.00. They have an “outperform” rating on the company.

Jefferies raised their price target on iGATE Co. (IGTE) from $22.00 to $26.00. They have a “buy” rating on the company.

Ratings on (CROX) (DTSI) (EGLE) (FBP) (GCI) Reiterated

Ratings on Crocs (NASDAQ: CROX), DTS (NASDAQ: DTSI), Eagle Bulk Shipping Inc (NASDAQ: EGLE), First BanCorp. (NYSE: FBP) and Gannett (NYSE: GCI) reiterated by analysts.

Piper Jaffray reiterated an “overweight” rating on Crocs (CROX). They have a price target of $28.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated an “underweight” rating on DTS (DTSI).

Dahlman Rose reiterated a “hold” rating on Eagle Bulk Shipping Inc (EGLE).

Keefe, Bruyette & Woods, Inc placed a price target of $4.25 on First BanCorp. (FBP).

JPMorgan Chase & Co. reiterated a “neutral” rating on Gannett (GCI).

Dividend Yields for (XLNX) (AMAT) (NSM) (TXN) (ALTR)

Indicated dividend yields for Standard & Poor's 500 Index companies Gannett Co Inc (GCI), Walt Disney Co (DIS), News Corp (NWS-A), CBS Corp (CBS) and Scripps Networks Interactive (SNI).

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.

Gannett Co Inc (GCI) has a dividend yield of 1.06 percent on a declared dividend of $0.04. The payout ratio is 10.6 percent.

Walt Disney Co (DIS) has a dividend yield of 0.93 percent on a declared dividend of $0.40. The payout ratio is 58.1 percent.

News Corp (XLNX) has a dividend yield of 0.84 percent on a declared dividend of $0.07. The payout ratio is 25.4 percent.

CBS Corp (CBS) has a dividend yield of 0.79 percent on a declared dividend of $0.19. The payout ratio is 12.0 percent.

Scripps Networks Interactive (SNI) has a dividend yield of 0.58 percent on a declared dividend of $0.07. The payout ratio is 9.6 percent.

Gannett's (NYSE:GCI) Earnings Not Convincing, Sustainability in Question

While the fourth-quarter results of Gannett's (NYSE:GCI) wasn't unimpressive from a short-term point of view, it did nothing to alleviate the fact that the print industry remains under tremendous pressure.

Gannett's profit in the latest quarter increased by 30 percent. Normally that would be a huge win for most companies in most industries.

The problem for Gannett is the earnings and revenue came as a result of aggressive cost-cutting, as well as a big push from political advertising. Where do they, and others, go from here? Wait till the next political cycle?

And there are only so much you can cut before it is counterproductive. It's unclear if Gannett has reached that place yet, but it seems they are approaching it.

In the fourth quarter Gannett generated revenue of $1.46 billion, and earnings of $174 million, or 72 cents a share. That was up from $134 million, or 56 cents a share last year in the same quarter. That probably gives a look at their performance over the next year, although it will probably be less than that as the industry continues to shed newspaper subscribers.

Gannett did enjoy some digital revenue growth, increasing it to $166 million. That's close to about 11 percent of Gannett's revenue total.

Gannett closed Monday at $14.74, dropping $0.45, or 2.96 percent.

Gannett (NYSE:GCI) PT Boosted on Raised Valuation

Citing the change in outlook for online recruitment companies recently, UBS (NYSE:UBS) raised their PT and valuation of Gannett (NYSE:GCI).

UBS said, "Given market’s re-valuation on online recruitment companies over the past several months, we are upping our valuation of GCI as we take a fresh look at the value of the asset and the impact on our target valuation...Our 4Q10 revenue, EBITDA, and EPS estimates are unchanged at $1.468B (FC: $1.473B), $407M (FC: $401M), and $0.80 (FC: $0.80). Our forecasts include a -3% decline in PF news paper ad revenue, a 26.5% increase in TV revenues, and a 5% increase in digital (includes CB)."

UBS reiterates a "Neutral" rating on Gannett (GCI), which closed Friday at $14.88, gaining $0.12, or 0.81 percent. They raised their price target on Gannett from $13 to $15.