Investment Analysts’ Ratings Reiterations for April, 14th (BHP, GOOG, H, HST, ICPT, LEI, PTX, RIO, SDRC, SPWR)
BHP Billiton Limited (ASX:BHP) had its buy rating reaffirmed by analysts at Deutsche Bank. They currently have a $43.50 price target on the stock.
Google (NASDAQ:GOOG) had its positive rating reissued by analysts at Cowen and Company.
Hyatt Hotels (NYSE:H) had its hold rating reissued by analysts at Citigroup Inc.. The firm currently has a $62.00 price target on the stock, up from their previous price target of $55.00. The analysts wrote, “while we agree that the stock should trade at a discount to MAR and HOT given the super majority voting structure, lower liquidity in the stock, and no dividend, the over 6% pullback in the shares recently makes for a good entry point.” FBR also stated that, in its view shareholders of Hyatt International should expect to see share buybacks over the next couple of years. Hyatt expects to generate approximately 1.2 billion of free cash flow between 2014 and 2016, representing a 13 percent FCF yield based on the current share price. To end the report FBR stated, “while the company may under/over shoot our, and consensus, forward quarterly expectations given that it does not provide guidance, we believe H shares are suited for investors with a longer-term horizon based on our aforementioned reasons.”
Host Hotels & Resorts (NYSE:HST) had its neutral rating reissued by analysts at Zacks. Zacks currently has a $21.00 target price on the stock. Zacks’ analyst wrote, “Host Hotels is set to report its first-quarter 2014 results on May 1, before the opening bell. The company’s fourth-quarter 2013 adjusted FFO per share exceeded the Zacks Consensus Estimate and the year-ago quarter figure on better comparable hotel Revenue Per Available Room (RevPAR). We believe that given its solid portfolio of luxury and upper upscale hotels, the company is poised to deliver improved results in the quarters ahead too. The strategic portfolio restructuring activities bode well for Host Hotels’ long-term growth. Also, the dividend hike for the 13th consecutive time boosts investors’ confidence in the stock. For the company, the West Coast market remains attractive with strong lodging demand and lower supply. Yet, headwinds from the Washington DC market and supply growth in the New York market are likely to temper its growth momentum. Also, rising interest rates add to our concerns. “
Intercept Pharmaceuticals (NASDAQ:ICPT) had its buy rating reissued by analysts at Needham & Company LLC.
Leighton Holdings Limited (ASX:LEI) had its hold rating reaffirmed by analysts at Morningstar.
Pernix Therapeutics Holdings (NYSE:PTX) had its buy rating reiterated by analysts at Needham & Company LLC.
Rio Tinto Limited (ASX:RIO) had its buy rating reaffirmed by analysts at Deutsche Bank. The firm currently has a $84.00 target price on the stock.
Schroders plc (LON:SDRC) had its buy rating reaffirmed by analysts at Goldman Sachs.
SunPower (NASDAQ:SPWR) had its buy rating reissued by analysts at Cowen and Company.
Tullow Oil Plc (NASDAQ:TUWLF) had its hold rating reaffirmed by analysts at Numis Securities Ltd.
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