Stock Ratings and Price Target Changes to Watch Feb 1st

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Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on February 1st.

YUM! Brands (NYSE:YUM):

UBS reiterated its rating of Buy for this company and changed its price target from $63 to $76.

U.S. Steel (NYSE:X): Steel demand worldwide is growing slower than forecast, affecting producer profits, and forcing investors to revise their 2012 outlook, reports Bloomberg. Steel usage will increase 4.5% in 2012, below the 5.4% forecast last fall by the World Steel Association, according to the median estimate of 14 steelmakers, analysts and traders surveyed by Bloomberg. Growth could be just 1.2%, according to Bloomberg Industries analysts. [Reference Link]:[http://www.bloomberg.com/news/2012-02-01/steel-demand-slowing-with-europe-in-setback-to-arcelormittal-commodities.html]

UBS reiterated its rating of Buy for this company and changed its price target from $34 to $38.

Quicksilver Resrcs (NYSE:KWK):

UBS reiterated its rating of Neutral for this company and changed its price target from $7 to $5.

C.H. Robinson (NASDAQ:CHRW):

UBS reiterated its rating of Buy for this company and changed its price target from $95 to $88.

ACE Limited (NYSE:ACE):

UBS reiterated its rating of Buy for this company and changed its price target from $76 to $78.

Whole Foods (NASDAQ:WFM):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $74 to $85.

Triumph Group (NYSE:TGI):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $69 to $78.

Seagate Tech (NASDAQ:STX): Seagate (NASDAQ:STX) reported positive Q2 results last night, beating both EPS and revenue estimates. Q2 EPS came in at $1.32 vs. consensus $1.08, while revenue of $3.2B beat consensus of $3.15B. The company forecast in-line Q3 revenue and noted that it expected to ship at least 60M disk drives next quarter. On its conference call, management said FY12 demand will exceed supply and the low point of industry production likely occured in mid-December. The company expects to continue dividends and share repurchases in 2012. This morning, several firms upgraded their price target on the shares. FBN Securities raised its target to $40 from $25. Needham’s target went to $45 from $35, and RW Baird upped their target to $27 from $20. Due to the positive sentiment and earnings, shares of Seagate have rallied over 23% in late morning action to $26.15, making a fresh 52-week high in the process.

RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $21 to $25. Needham reiterated its rating of Strong Buy for this company and changed its price target from $35 to $45. Brean Murray reiterated its rating of Buy for this company and changed its price target from $26 to $30.

Novellus (NASDAQ:NVLS):

RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $44 to $48.

Natl Oilwell Varco (NYSE:NOV):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $80 to $85.

Myriad Genetics (NASDAQ:MYGN):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $26 to $28.

L-3 Comms (NYSE:LLL):

RBC Capital Mkts reiterated its rating of Underperform for this company and changed its price target from $68 to $72.

Helmerich & Payne (NYSE:HP):

RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $64 to $67.

Fortinet (NASDAQ:FTNT):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $24 to $28. Needham reiterated its rating of Buy for this company and changed its price target from $26 to $30.

Cameron (NYSE:CAM):

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $58 to $62.

Amazon.com (NASDAQ:AMZN): WALL STREET JOURNAL: Barnes & Noble (NYSE:BKS) will no longer sell books published by Amazon.com (NASDAQ:AMZN) in its nearly 700 stores, saying Amazon had “undermined the industry” by trying to sign exclusive agreements with publishers, agents and authors, but they will continue to sell Amazon-published titles on its website, the Wall Street Journal reports…Exxon Mobil (NYSE:XOM) said it has no intention of reducing natural gas production even as analysts predict prices for the fuel could remain at low levels through 2013, the Wall Street Journal reports…BLOOMBERG: U.S. banking regulators are looking at whether they can exempt sovereign debt from the Dodd-Frank ban on proprietary trading after several foreign governments, including Canada, Japan and the U.K., complained that the rule could raise borrowing costs and slow the flow of capital, sources say, Bloomberg reports…Makers of medical devices will double the fees they pay the FDA to $595M to get their products reviewed over the next five years in a deal designed to secure faster and more predictable evaluations, sources say, Bloomberg reports.The pact must be authorized by Congress…REUTERS: The Pension Benefit Guaranty Corp. said it believes American Airlines will seek to terminate employee pensions in bankruptcy, and it has filed a $92M against American parent AMR Corp. (AAMRQ) for the balance of unpaid pension plan contributions, Reuters reports.

RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $240 to $205. Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $255 to $234.

Align Tech (NASDAQ:ALGN):

Barrington Research reiterated its rating of Outperform for this company and changed its price target from $24 to $28.

Six Flags (NYSE:SIX):

Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $42 to $50.

Ubiquiti Networks (NASDAQ:UBNT):

Wunderlich reiterated its rating of Buy for this company and changed its price target from $25 to $28.

Ceva (NASDAQ:CEVA):

Wunderlich reiterated its rating of Buy for this company and changed its price target from $38 to $36.

Aspen Tech (NASDAQ:AZPN):

The Benchmark Company reiterated its rating of Buy for this company and changed its price target from $19 to $22.

CVS Caremark (NYSE:CVS):

Mizuho reiterated its rating of Buy for this company and changed its price target from $43 to $45.

Websense (NASDAQ:WBSN):

FBR Capital reiterated its rating of Mkt Perform for this company and changed its price target from $23 to $20.

Tyco (NYSE:TYC):

FBR Capital reiterated its rating of Outperform for this company and changed its price target from $54 to $57.

Illinois Tool (NYSE:ITW):

FBR Capital reiterated its rating of Outperform for this company and changed its price target from $52 to $58.

Bottomline Tech (NASDAQ:EPAY):

Needham reiterated its rating of Buy for this company and changed its price target from $29 to $33.

C.R. Bard (NYSE:BCR):

Mizuho reiterated its rating of Neutral for this company and changed its price target from $79 to $86.

Affiliated Managers (NYSE:AMG):

Barrington Research reiterated its rating of Outperform for this company and changed its price target from $110 to $120.

Advanced Energy (NASDAQ:AEIS):

Dougherty & Company reiterated its rating of Neutral for this company and changed its price target from $8 to $10.

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To contact the reporter on this story: Wall St. Cheat Sheet Staff at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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