Agenus (AGEN) (PSUN) (BPFH) (CFR) (FNFG) Ratings, Price Targets

Agenus (AGEN), Pacific Sunwear of California, Inc. (NASDAQ: PSUN), Boston Private Financial Holdings Incorporated (NASDAQ: BPFH), Cullen/Frost Bankers, Inc. (NYSE: CFR) and First Niagara Financial Group Inc. (NASDAQ: FNFG) ratings and price targets.

Pacific Sunwear of California, Inc. (PSUN) was upgraded by Janney Montgomery Scott from a “Neutral” rating to a “Buy” rating. They have a price target of $4.00 on the company.

Agenus (AGEN) is now covered by William Blair. They have an “Outperform” rating on the company.

Boston Private Financial Holdings Incorporated (BPFH) is now covered by Deutsche Bank (NYSE:DB). They placed a “Hold” rating on the company.

Cullen/Frost Bankers, Inc. (CFR) is now covered by Deutsche Bank. They placed a “Hold” rating on the company.

First Niagara Financial Group Inc. (FNFG) is now covered by Deutsche Bank. They placed a “Buy” rating on the company.

Inphi (IPHI) (CF) (FIS) (PSA) (PSUN) (RCL) Downgraded

Inphi (NASDAQ: IPHI), CF Industries Holdings Inc (NYSE: CF), Fidelity National Information Services (NYSE: FIS), Public Storage (NYSE: PSA), Pacific Sunwear of California, Inc. (NASDAQ: PSUN) and Royal Caribbean Cruises Ltd. (NYSE: RCL) downgraded by analysts.

CF Industries Holdings Inc. (CF) was downgraded by Chardan Capital Markets from a “Buy” rating to a “Neutral” rating. They cited valuation as the catalyst behind the call.

Fidelity National Information Services (FIS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

Inphi (IPHI) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Public Storage (PSA) was downgraded by BMO Capital Markets from a “Market Perform” rating to an “Underperform” rating.

Pacific Sunwear of California, Inc. (PSUN) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

Royal Caribbean Cruises Ltd. (RCL) was downgraded by Argus from a “Buy” rating to a “Hold” rating.

Inphi (IPHI) (CF) (FIS) (PSA) (PSUN) (RCL) Downgraded

Inphi (NASDAQ: IPHI), CF Industries Holdings Inc (NYSE: CF), Fidelity National Information Services (NYSE: FIS), Public Storage (NYSE: PSA), Pacific Sunwear of California, Inc. (NASDAQ: PSUN) and Royal Caribbean Cruises Ltd. (NYSE: RCL) downgraded by analysts.

CF Industries Holdings Inc. (CF) was downgraded by Chardan Capital Markets from a “Buy” rating to a “Neutral” rating. They cited valuation as the catalyst behind the call.

Fidelity National Information Services (FIS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

Inphi (IPHI) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Public Storage (PSA) was downgraded by BMO Capital Markets from a “Market Perform” rating to an “Underperform” rating.

Pacific Sunwear of California, Inc. (PSUN) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

Royal Caribbean Cruises Ltd. (RCL) was downgraded by Argus from a “Buy” rating to a “Hold” rating.

Thoratec (THOR) (OVTI) (PSUN) (RJF) (STJ) Price Targets Changed

Thoratec (NASDAQ: THOR), OmniVision Technologies, Inc. (NASDAQ: OVTI), Pacific Sunwear of California, Inc. (NASDAQ: PSUN), Raymond James (NYSE: RJF) and St. Jude Medical, Inc. (NYSE: STJ) price targets adjusted by analysts.

OmniVision Technologies, Inc. (OVTI) had its price target lowered by Wedbush from $45.00 to $38.00. They have an “Outperform” rating on the company.

Pacific Sunwear of California, Inc. (PSUN) had its price target lowered by Wedbush from $3.50 to $2.00. They have an “Underperform” rating on the company.

Raymond James (RJF) had its price target lowered by Ticonderoga from $37.00 to $34.00. They have a “Buy” rating on the company.

St. Jude Medical, Inc. (STJ) had its price target lowered by Morgan Keegan from $60.00 to $53.00. They have an “Outperform” rating on the company.

Thoratec (THOR) had its price target lowered by Morgan Keegan from $35.00 to $32.00. They have a “Market Perform” rating on the company.

Lowe’s (LOW) (BBY) (CHS) (HD) (PSUN) (TSCO) (TWC) Price Targets Changed

Lowe’s (NYSE: LOW), Best Buy Co., Inc. (NYSE: BBY), Chico’s (NYSE: CHS), Home Depot (NYSE: HD), Pacific Sunwear of California, Inc. (NASDAQ: PSUN), Tractor Supply Co. (NASDAQ: TSCO) and Time Warner Cable (NYSE: TWC) price targets adjusted by analysts.

Lowe’s (LOW) had its price target lowered by Barclays Capital from $26.00 to $23.00. They have an “Equal Weight” rating on the company.

Best Buy Co., Inc. (BBY) had its price target lowered by Barclays Capital from $32.00 to $27.00. They have an “Equal Weight” rating on the company.

Chico’s (CHS) had its price target lowered by Barclays Capital from $16.00 to $13.00. They have an “Equal Weight” rating on the company.

Home Depot (HD) had its price target lowered by Barclays Capital from $41.00 to $34.00. They have an “Overweight” rating on the company.

Pacific Sunwear of California, Inc. (PSUN) had its price target lowered by Barclays Capital from $4.00 to $2.00. They have an “Equal Weight” rating on the company.

Tractor Supply Co. (TSCO) had its price target lowered by Barclays Capital from $78.00 to $69.00. They have an “Overweight” rating on the company.

Time Warner Cable (TWC) had its price target lowered by Wunderlich from $80.00 to $75.00. They have a “Hold” rating on the company.

Pacific Sunwear (PSUN) Shares Crushed on Big Miss

Pacific Sunwear (NASDAQ:PSUN) got punished after hours on a quarterly report that fell far short of expectations.

Shares fell 8.4% to $3.95 in moderate volume after the market closed. The company said its fourth-quarter adjusted loss was 33 cents a share, and revenue dropped to $263 million from $292.6.8 million the same quarter last year. Analysts polled by FactSet Research had projected a loss of 27 cents a share on revenue of $272 million.

Pacific Sunwear net loss shrunk to $35.2 million, or 53 cents a share, from $36.5 million or 56 cents in the same quarter last year. The company also estimated an adjusted per-share loss of 29 cents to 35 cents for the first quarter. Wall Street’s is looking for a loss of 22 cents a share on $184.5 million.

Pacific Sunwear closed Tuesday at $4.31, gaining $0.12, or 2.86 percent. They plunged to $3.95, falling $0.36, or 8.35 percent after hours.

Pacific Sunwear (NASDAQ:PSUN) Needs Wider Margins, Stronger Sales

Noting Pacific Sunwear of California (NASDAQ:PSUN) has improved their product line and store environment, Needham still sees them as weak until they can generate sustainably wider margins and consistent sales.

Needham, which maintains a "Hold" rating on Pacific, said, "At -0.4x P/sales and -1.6x P/book, respectively PSUN is trading significantly below the sector averages of 1.1x and 2.7x. While we agree both store environment and merchandise assortment has begun to improve at PacSun, the Junior’s business continues to struggle. We would like to see more evidence that a margin recovery is underway or stronger sales momentum, before we become more positive on the stock. We no longer think that liquidity is a concern, given the availability of credit and ability to generate cash, even on depressed sales levels."

Pacific closed Tuesday at $5.95, dropping $0.32, or 5.10 percent. Trading volume was almost double the 3-month daily average.