Analysts Actions – PAAS, NVO, ROSE, BLOX

Pan American Silver (NASDAQ:PAAS) shares were down more than 3% Tuesday after the stock was downgraded to Sell from Neutral at Goldman Sachs, which lowered its price target to $10 from $15.22. PAAS was trading in a 52-week range of $14.66 to $15.04.

Novo Nordisk (NYSE:NVO) shares were up about 5% after Bank of America raised its rating on the healthcare company’s stock to Buy from Neutral Tuesday. NOV hit an all-time high of $48.42 per share on the upgrade.

Rosetta Resources (NASDAQ:ROSE) has erased gains made over the past three days and is trading more than 8% lower on the heels of a downgrade by Howard Weil and lackluster Q4 results. Although the oil exploration and production company late Monday reported EPS of $0.83 vs estimates of $0.78, $204.8 million in revenue missed estimates of $221 million. As a result, Howard Weil lowered its rating on the stock to Outperform from Focus Stock and cut its price target to $65 from $72. ROSE last traded at $43.42 with a 52-week range of $39.33 to $65.30.

Infoblox (NYSE:BLOX) gained 2.6% to $23.21 per share in afternoon Tuesday trading following new Deutsche Bank started coverage with a buy rating and price target of $25 per share. reports analyst Vijay Bhagavath said “We take a long view on Infoblox’s growth story over the next few years. We note reset expectations and favorable risk/reward at current levels.” BLOX, an information technology company, has a 52-week price range of $17.10 – $48.97 per share.


Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone