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EMC Corporation (NYSE:EMC) price target has been reduced by Brean Capital after the company’s Q3 earnings, and the firm thinks that shares have overreacted to the changed 2012 guidance, currently trading at trough valuation. According to Brean Capital, historically, the shares tend to appreciate quickly off these levels, and they are buyers at these levels. The firm keeps a Buy rating on the stock.
Chipotle Mexican Grill, Inc. (NYSE:CMG): After it spoke with with management, Piper Jaffray has incremental confidence that Chipotle is attempting to deal with the issues driving its recent lower than expected trends. The firm thinks that the company’s underlying fundamentals continue to be intact, and the firm keeps an Overweight rating and a $318 price target on the stock.
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Newfield Exploration Co. (NYSE:NFX): JPMorgan has mentioned that shares of Newfield Exploration have fallen more than 18 percent as the company said international oil volumes would drop up to 25 percent during 2013. The firm reduced its price target to $43.50 from $46, but believes that the stock is oversold. The firm views this as an attractive entry point at current levels.
SunCoke Energy, Inc (NYSE:SXC) keeps its Buy rating from Brean Capital after the company’s Q3 results. The firm stated that the company restated its plans to IPO its Haverhill and Middletown facilities before the end of the year, provided further clarity regarding its coal business, and had another solid quarter causing the firm to recommend purchasing shares currently. The company’s price target is at $22.
Symantec Corporation (NASDAQ:SYMC) target has been raised by Stifel Nicolaus since the firm thinks that the company reported solid Q2 results. The firm predicts that the new CEO’s strategic review will cause improvements at the company. and it keeps its Buy rating on the stock.
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