CONSOL (CNX) (PWE) (RBCN) (RCL) (CHOP) (CHSI) Get New Coverage

CONSOL Energy Inc. (NYSE: CNX), Penn West Energy Trust (NYSE: PWE), Rubicon Technology, Inc. (NASDAQ: RBCN), Royal Caribbean Cruises Ltd. (NYSE: RCL), China Gerui Advanced Materials Group Limited (NASDAQ: CHOP) and Catalyst Health Solutions, Inc. (NASDAQ: CHSI) getting new coverage from analysts.

CRT Capital initiated coverage on CONSOL Energy Inc. (CNX). They placed a “Buy” rating and a price target of $50.00 on the company.

Barclays Capital initiated coverage on Penn West Energy Trust (PWE). They placed an “Equal Weight” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Rubicon Technology, Inc. (RBCN). They placed a “Sell” rating on the company.

Jefferies (NYSE:JEF) initiated coverage on Royal Caribbean Cruises Ltd. (RCL). They placed a “Buy” rating on the company.

Oppenheimer initiated coverage on China Gerui Advanced Materials Group Limited (CHOP). They placed an “Outperform” rating and a price target of $6.00 on the company.

Stifel Nicolaus initiated coverage on Catalyst Health Solutions, Inc. (CHSI). They placed a “Hold” 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.

Astec (ASTE) (GOL) (RCL) (ROK) (VPRT) (SWIR) Downgraded

Astec Industries, Inc. (NASDAQ: ASTE), Gol Linhas Aereas Inteligentes SA (NYSE: GOL), Royal Caribbean Cruises Ltd. (NYSE: RCL), Rockwell Automation Inc (NYSE: ROK), VistaPrint (NASDAQ: VPRT) and Sierra Wireless, Inc. (NASDAQ: SWIR) downgraded by analysts.

Astec Industries, Inc. (ASTE) was downgraded by FBN Securities to a “Sector Perform” rating. They have a price target of $15.00 on the company.

Gol Linhas Aereas Inteligentes SA (GOL) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

Royal Caribbean Cruises Ltd. (RCL) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Rockwell Automation Inc. (ROK) was downgraded by Societe Generale from a “Hold” rating to a “Sell” rating.

VistaPrint (VPRT) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $32.00 on the company, down from $64.00.

Sierra Wireless, Inc. (SWIR) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Biggest Losers (DB) (RIMM) (RCL) (TITN) on May 6

Among the big, negative movers on Friday, May 6, were Deutsche Bank (DB), Research In Motion (RIMM), Royal Caribbean Cruises (RCL), Titan Machinery Inc. (TITN) and TTM Technologies (TTMI).

Deutsche Bank (DB) was down $1.33, to close at $60.59, a loss of 2.15 percent.

Research In Motion (RIMM) fell $1.30 on the day to close at $45.99, a loss of 2.75 percent.

Royal Caribbean Cruises (RCL) dropped $1.27 to close at $40.69, a loss of 3.03 percent.

Titan Machinery Inc. (TITN) declined $1.27 to close the session at $29.18, a loss of 4.17 percent.

TTM Technologies (TTMI) plunged $1.26 to end the day at $16.43, a loss of 7.12 percent.

Ratings of (IM) (GPRO) (NTCT) (OSK) (RCL) Downgraded

Analysts downgraded ratings of Ingram Micro Inc. (NYSE: IM), Gen-Probe Incorporated (NASDAQ: GPRO), NetScout Systems, Inc. (NASDAQ: NTCT), Oshkosh Truck (NYSE: OSK) and Royal Caribbean Cruises Ltd. (NYSE: RCL) today.

Brean Murray downgraded Ingram Micro Inc. (IM) from a “buy” rating to a “hold” rating.

Canaccord Genuity downgraded Gen-Probe Incorporated (GPRO) from a “buy” rating to a “hold” rating. They have a price target of $88.00 on the company.

Wunderlich downgraded NetScout Systems, Inc. (NTCT) from a “buy” rating to a “hold” rating. They have a price target of $26.00 on the company, down from $28.00.

The Benchmark Company downgraded Oshkosh Truck (OSK) from a “buy” rating to a “hold” rating. They have a price target of $35.00 on the company, down from $45.00.

Raymond James (NYSE:RJF) downgraded Royal Caribbean Cruises Ltd. (RCL) from a “buy” rating to an “outperform” rating.

Viacom (VIA-B) (RCL) (UCTT) (VCLK) (VLTR) PTs Adjusted

The shares of Viacom, Inc. (NASDAQ: VIA-B), Royal Caribbean Cruises Ltd. (NYSE: RCL), Ultra Clean Holdings, Inc. (NASDAQ: UCTT), ValueClick Inc (NASDAQ: VCLK) and Volterra Semi (NASDAQ: VLTR) were all adjusted April 26.

JPMorgan Chase & Co. (NYSE:JPM) cut its price target on Royal Caribbean Cruises Ltd. (RCL) from $53.00 to $48.00. They have an “Overweight” rating on the travel company.

Piper Jaffray cut their price target on Ultra Clean Holdings, Inc. (UCTT) from $13.50 to $11.00. They have a “Neutral” rating on the firm.

UBS AG (NYSE:UBS) raised their price target on ValueClick Inc (VCLK) to $16.00. They have a “Neutral” rating on the stock.

Wunderlich raised their price target on Viacom, Inc. (VIA-B) from $52.00 to $56.00. They have a “Buy” rating on the entertainment company.

Piper Jaffray raised their price target on Volterra Semi (VLTR) from $22.50 to $25.50. They have a “Neutral” rating on the stock.

Royal Caribbean (RCL) Remains Unconvincing to Investors

Shares of Royal Caribbean Cruises (NYSE:RCL) are trading down today even though they received a rating boost from Credit Suisse (NYSE:CS).

Analyst Joel Simkins said, "While the new cruise cycle is still in its early innings, investing in these stocks requires a view that industry pricing power will continue to recover in the face of a still sluggish global economy."

"We believe RCL is well positioned to benefit from one of the most attractive and youngest fleets in the industry, strong relative earnings leverage (1% in net yield adds 7.3% to 2011 EPS versus 5.8% for CCL), disciplined fuel hedging strategies, and balance sheet deleveraging initiatives, which should allow it to generate earnings power above prior peak levels during the next few years. In addition, slowing supply growth and a better commitment to expanding returns over cost of capital should further assist in driving increased long-term earnings power."

A major problem the company faces in the short term is the unrest n the Middle East, where many of its destinations lie.

Long term they still need to convince shareholders and potential investors about the lack of free cash flow over recent years, which has mainly come from capex on new ships.

In other words, are they done expanding and ready to market, or are they still in the building out stage.

It appears this spending is already on the decline, and will probably drop more in the years ahead, resulting in free cash flow of $1.1 billion in 2011 and $1.7 billion in 2012.

Bulls think this is a good entry point.

Royal Caribbean was trading at $ 40.22, falling $0.29, or 0.72 percent, as of 12:02 PM EDT.

Royal Caribbean Cruises (NYSE:RCL) Should Overcome Fuel, FX Pressures

Royal Caribbean Cruises (NYSE:RCL) should be able to overcome the headwinds from FX and fuel in the quarter, says Barclays (NYSE:BCS), who expected the company to upwardly revise their net yield outlook.

Barclays says, "We expect Royal Caribbean's 4Q10 EPS results to at least come in line with consensus of $0.13, beating our $0.11 estimate and guidance of $0.08-0.12. We believe that slightly higher-than-expected net yields and continued fuel efficiencies more than offset headwinds created by fuel and FX in the quarter. We also believe that RCL's prior 2011 EPS outlook of 'at least $3.26' will remain intact, as the company's net yield outlook gets revised up offsetting fuel and FX pressures."

Barclays reiterates an "Overweight" rating on Royal Caribbean Cruises ( RCL), which closed Monday at $47.76, down $0.46, or 0.95 percent. Barclays has a price target on Royal Caribbean of $51.

Royal Caribbean (NYSE:RCL), Carnival (NYSE:CCL) Valuations Raised by Wells Fargo (NYSE:WFC)

Wells Fargo (NYSE:WFC) increased their valuation ranges on Royal Caribbean Cruises (NYSE:RCL) and Carnival Corp. (NYSE:CCL), naming Royal Caribbean as a "Top Idea."

Wells said, "RCL's mix of newer class ships (Oasis, Solstice) and deployment should allow for - 200 bbps of net yield growth above the industry. Cost benefits from the newer class ships and operating cost discipline should drive EPS growth of 70%+/18%+, - $3.25/$3.50 in free cash flow/share..."

Wells Fargo raised its full year 2011 and full year 2012 EPS estimates on Royal Caribbean from $3.26 and $3.90 to $3.64 and $4.30.

For Carnival full year 2011 EPS estimate increased from $2.87 to $3.09 and the full year 2012 estimate moves from $3.28 to $3.48.

Concerning Carnival, Wells said that "recent 6 wks booking/pricing trends accelerating across all brands and geographic itineraries for Q111-Q311 and better constant currency costs reinforce our positive view."

Wells Fargo maintains an "Overweight" rating on both companies.

Caribbean Cruises last closed at $46.30, remaining level from its prior close. Wells raised their price target range on them from $49-$52 to $54 to $57 over the next 12 months.

Carnival Corp. last closed at $46.30, down $0.29, or 0.62 percent. Wells increased their price target range on them from $50 to $53 to $54 to $57.