Body Central LACKING Visibility and 4 More Analyst Calls to Watch
Body Central Corp (NASDAQ:BODY): Oppenheimer downgraded Body Central to Perform from Outperform due to a lack of visibility following Body Central’s lowering of guidance for the second time in two months. The company’s stock was also downgraded from Outperform to Neutral by RW Baird, thanks to lowered guidance and limited visibility. The price target was lowered to $9 from $25. Shares are trading higher by 4.26% today.
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InterDigital, Inc. (NASDAQ:IDCC) reported on Monday it will sell to Intel Corp around 1,700 wireless technology patents for $375M. Its shares were boosted 27 percent. Today, shares are trading 2.89% lower.
Western Gas Partners, LP‘s (NYSE:WES) 5M share Spot Secondary priced at $43.88. Barclays, Citigroup, Deutsche Bank, Morgan Stanley and RBC Capital served as joint book running managers. Shares are trading 4.45% lower today.
Network Engines, Inc. (NASDAQ:NEI): Privately-owned Unicom Systems will acquire Network Engines for $63.2M, or $1.45/share, in cash. This price is an 85% premium on Monday’s close. Network Engines shares were damaged earlier in 2012 following its announcement that main customer EMC is moving away from its products. Shares are halted, and trading 81.74% higher today.
Piedmont Natural Gas Company Inc. (NYSE:PNY): Hilliard Lyons is sticking to Neutral ratings for Piedmont, whose shares are trading 0.28% higher today.
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