Stock Analyst Alerts: Transocean, Universal America, EOG, MGM Resorts

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Transocean Ltd. (NYSE:RIG): After Transocean’s (NYSE:RIG) board decided not to propose a dividend for 2012 and the company took a goodwill charge for Q4, BMO Capital is disappointed by the dividend proposal. The firm ,however, thinks that the move leaves the company better positioned to reach a settlement with BP (NYSE:BP).

Universal American Corp(NYSE:UAM): Wedbush says the 2013 preliminary Medicare Advantage rates announced Friday by CMS were much better than expected. The firm believes investors are undervaluing the long-term growth potential for Medicare Advantage, and says Universal American (NYSE:UAM) has the highest exposure to Medicare Advantage in its coverage universe, followed by Humana (NYSE:HUM) and UnitedHealth (NYSE:UNH).

EOG Resources, Inc.(NYSE:EOG): Brean Murray raised its price target on EOG Resources following indications the company will move forward with its well spacing strategy in the Eagle Ford oil window. The firm also cited growth outperformance and stronger liquids pricing and hedges. Shares are Buy rated.

MGM Resorts International(NYSE:MGM): Brean Murray raised its price target on MGM Resorts citing improved Las Vegas trends, stronger balance sheet, and strong operating leverage. Shares are Buy rated.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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

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