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Equities Research Analysts’ ratings reiterations for Thursday, July 10th:

Alcoa (NYSE:AA) had its buy rating reissued by analysts at ISI Group. ISI Group currently has a $2.15 price target on the stock.

Associated British Foods plc (LON:ABF) had its neutral rating reissued by analysts at Credit Suisse. Credit Suisse currently has a GBX 3,000 ($51.46) target price on the stock.

Aberdeen Asset Management plc (LON:ADN) had its overweight rating reiterated by analysts at Barclays.

Automatic Data Processing (NASDAQ:ADP) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $84.00 price target on the stock. Zacks’ analyst wrote, “Automatic Data Processing reported a dismal third-quarter, missing the Zacks Consensus Estimate on both the lines. The company provided optimistic outlook for 2014. We believe that the Dealer-services spin-off will help the company to focus more on its relatively fast growing PEO and Employer services segments. ADP is expected to perform better on the back of improved execution and higher client retention. Moreover, recovery in the job market is expected to help the company. Aggressive share buyback and higher dividends is shareholder friendly, in our view. However, volatile macroeconomic environment and lower interest rates are major concerns. The recent credit rating downgrades by Moody’s and S&P will remain an overhang on the stock. Thus, we prefer to remain Neutral on the stock and set a price target of $84.00.”

BAE Systems plc (LON:BA) had its underweight rating reiterated by analysts at Credit Suisse. Credit Suisse currently has a GBX 350 ($6.00) price target on the stock.

British American Tobacco plc (LON:BATS) had its overweight rating reiterated by analysts at Barclays.

Barclays (NYSE:BCS) had its underperform rating reiterated by analysts at Zacks. Zacks currently has a $13.00 price target on the stock. Zacks’ analyst wrote, “Barclays reported dismal first-quarter 2014 results, impacted by fall in net operating income. Lower fixed income, currency and commodities (FICC) income was the primary dampener. However, this was partly offset by lower operating expenses. Further, the company’s streamlining initiatives will go a long way in improving its overall financial performance. Also, amid the worldwide economic volatility, Barclays is focused on building its capital level. Nevertheless, slow revenue growth, lower client activities, sluggish economic recovery and a stringent regulatory landscape will continue to affect the company’s performance in the near term. Also, possible litigation headwinds arising from investigation of regulatory authorities is a plausible concern.”

Barratt Developments Plc (LON:BDEV) had its overweight rating reaffirmed by analysts at Barclays.

British Land Company PLC (LON:BLND) had its overweight rating reaffirmed by analysts at Barclays.

BHP Billiton plc (LON:BLT) had its overweight rating reissued by analysts at Barclays.

BP plc (NYSE:BP) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $55.00 price target on the stock. Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on BP Plc following its first-quarter 2014 results. The company maintains a leading position among global offshore drillers despite lukewarm first-quarter earnings. However, its strategy of offloading non-core upstream properties will prove beneficial over time, while creating a portfolio with potentially stronger growth from a smaller base. The company’s dividend hike is also a positive. Additionally, BP’s position in the Woodford, Haynesville, Fayetteville, Eagle Ford and Utica shale plays, in association with its vast resource base and profound knowledge in unconventional gas, will aid its natural gas operations going forward. However, headwinds from a number of global macro issues like sovereign debt risks, defaults on sovereign credits and changes in U.S. policies are concerns for the company going forward.”

BT Group plc (LON:BT.A) had its overweight rating reiterated by analysts at Barclays.

Centerra Gold (TSE:CG) had its hold rating reiterated by analysts at TD Securities.

Continental Gold (TSE:CNL) had its sector perform rating reissued by analysts at Scotiabank. They currently have a C$5.30 price target on the stock.

CSX (NYSE:CSX) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $33.00 price target on the stock. Zacks’ analyst wrote, “We maintain our Neutral recommendation on CSX Corp. The company’s first quarter earnings exceeded our expectations on both the lines. Looking ahead, we see steady expansion of the U.S. economy to support growth in the Merchandise segment, which includes agricultural, chemical, industrial, automotive and housing sectors. Additionally, continuous investment in network and the ongoing highway conversion bode well for the Intermodal segment. We also appreciate CSX’s focus on improving efficiency that will drive profitability. Despite these positives, we remain on the sidelines due to the subdued coal business that is resulting in declining export coal volumes. In addition, rising expenses along with regulatory and competitive issues are likely to hinder growth going forward.”

Cypress Semiconductor (NYSE:CY) had its neutral rating reiterated by analysts at Zacks. They currently have a $11.00 target price on the stock. Zacks’ analyst wrote, “Cypress develops and manufactures a broad range of digital and mixed signal ICs. The company’s first-quarter loss was lower than the Zacks Consensus estimate driven by solid expense management. Also, management provided a strong forward guidance, indicating robust demand. Though we are encouraged about the company’s advanced technology, momentum in new products, increased customer wins and growth initiatives, a weak and uncertain macro environment and increased pricing pressure remain concerns. We are therefore downgrading our rating to Neutral on Cypress shares.”

Cytokinetics (NASDAQ:CYTK) had its buy rating reiterated by analysts at Roth Capital.

Diageo plc (LON:DGE) had its overweight rating reiterated by analysts at Barclays.

Eaton Co., PLC (NYSE:ETN) had its neutral rating reissued by analysts at Zacks. Zacks currently has a $82.00 target price on the stock. Zacks’ analyst wrote, “Eaton Corp. continues to benefit from its diverse product offering posting higher core sales and registering earnings surprises in the last two quarters. Going forward, the Vehicle segment is expected to benefit from the improvement in truck market fundamentals. In addition, the worldwide improvement in commercial airline traffic could spur aerospace aftermarket bookings. Recently, the company settled two litigations, which lowered its legal hassles. However, weakness in the South American markets could have a negative impact on the overall sales outlook of the company. Eaton generates nearly half its revenues from U.S. operations. Currently, the pace of economic development in the U.S. is not uniform across all sectors. Therefore, we prefer to maintain our Neutral recommendation on the stock.”

Friends Life Group (LON:FLG) had its overweight rating reaffirmed by analysts at Barclays.

AGL Resources (NYSE:GAS) had its outperform rating reissued by analysts at Zacks. They currently have a $65.00 price target on the stock. Zacks’ analyst wrote, “AGL Resources is a premier electric utility with relatively low risk earnings growth and an expanding dividend that yields a solid 3.6%. Positioned in a niche industry with high barriers to entry, this energy services holding company enjoys near-monopoly status in its area of operation. On top of this, the utility’s best-in-class cost control and recession-proof business model presents a unique opportunity to own a safe stock. Sporting a low beta – translating into less volatility and a reasonable valuation, we see AGL Resources as an attractive investment in the energy infrastructure space. Considering these factors, plus the imminent disposal of the shipping unit, we upgrade our recommendation on the utility’s shares to Outperform from Neutral. “

G4S plc (LON:GFS) had its overweight rating reaffirmed by analysts at Barclays.

Glencore PLC (LON:GLEN) had its overweight rating reiterated by analysts at Barclays.

HSBC Holdings plc (LON:HSBA) had its overweight rating reissued by analysts at Barclays.

Host Hotels and Resorts (NYSE:HST) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $23.00 price target on the stock. Zacks’ analyst wrote, “Host Hotels will report its second-quarter 2014 results on Jul 31, before the opening bell. The company’s first-quarter 2014 adjusted FFO per share exceeded the Zacks Consensus Estimate and the year-ago quarter figure on rise in comparable hotel Revenue Per Available Room (RevPAR) and food and beverage operations. Also, the company upped its 2014 guidance. We believe that given its solid portfolio, 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 14th 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 East Coast, especially high supply growth in the New York market are likely to temper its growth momentum. Also, high concentration in the upper-scale and luxury segments makes its operations vulnerable to economic downturns.”

Hercules Technology Growth Capital (NYSE:HTGC) had its neutral rating reaffirmed by analysts at Zacks. The firm currently has a $16.50 target price on the stock. Zacks’ analyst wrote, “Hercules Technology’s first-quarter 2014 distributable net operating income (DNOI) surpassed the Zacks Consensus Estimate. Better-than-expected results were aided by rise in the interest and fees income, which were, however, partly offset by rising expenses. We believe that Hercules Technology will benefit from the growing demand for venture capital investments especially in technology companies. Further, its strong capital position and enhanced capital deployment activities are expected to boost investors’ confidence. Despite these positives, the sluggish economic recovery and elevated expense levels make us apprehensive. “

IG Group Holdings plc (LON:IGG) had its overweight rating reissued by analysts at Barclays.

3i Group plc (LON:III) had its overweight rating reiterated by analysts at Barclays.

Intertek Group plc (LON:ITRK) had its overweight rating reissued by analysts at Barclays.

Liberty Global plc – Class A (NASDAQ:LBTYA) had its neutral rating reaffirmed by analysts at Zacks. The firm currently has a $46.00 price target on the stock. Zacks’ analyst wrote, “Liberty Global reported first-quarter 2014 financial results, wherein both its top and bottom line missed the Zacks Consensus Estimate. The company is gradually establishing a strong foothold in the European cable MSO market. We believe that the long-term business fundamentals of the company are very intriguing, primarily owing to strong demand for its digital cable-TV services, faster broadband and triple-play bundled offerings, strong cash flow and growing popularity of Horizon TV services. Based on these positives, the company posted narrower video subscriber loss in the reported quarter. However, stiff competition, saturated European markets, high integration risks and mounting programing expenses may act as headwinds for Liberty Global while moving ahead. Also, the stock is fairly valued at current levels. Hence, we affirm our long-term Neutral recommendation on the stock.”

Lennar (NYSE:LEN) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $43.00 target price on the stock. Zacks’ analyst wrote, “Lennar reported strong second-quarter 2014 results beating the Zacks Consensus Estimate for both earnings and revenues. Earnings of $0.61 per share increased 41.9% year over year driven by strong pricing power and solid margins. Total revenues rose 27.3% year over year as strong pricing made up for softer orders. Overall, we believe that the company is performing better than its peers due to its solid land portfolio, better pricing power and consistently strong profit margins. Moreover, Lennar’s ancillary platforms – Rialto, Multi-Family, FivePoint and Financial Services – are evolving and expected to contribute meaningfully from 2015/2016. However, supply shortages and rising costs of building materials, labor and land raises concerns about long-term stability in the housing market.”

Lloyds Banking Group PLC (LON:LLOY) had its overweight rating reiterated by analysts at Barclays.

Liberty Property Trust (NYSE:LPT) had its neutral rating reissued by analysts at Zacks. The firm currently has a $39.00 target price on the stock.

Meredith Corp. (NYSE:MDP) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $50.00 price target on the stock.

Meggitt plc (LON:MGGT) had its overweight rating reissued by analysts at Barclays.

Melrose Industries Plc (LON:MRO) had its overweight rating reissued by analysts at Barclays.

Monster Worldwide (NYSE:MWW) had its neutral rating reaffirmed by analysts at Zacks. The firm currently has a $7.00 target price on the stock.

Old Mutual plc (LON:OML) had its overweight rating reaffirmed by analysts at Barclays.

Prudential plc (LON:PRU) had its overweight rating reaffirmed by analysts at Barclays.

Rowan Companies PLC (NYSE:RDC) had its neutral rating reissued by analysts at Zacks. They currently have a $33.00 price target on the stock. Zacks’ analyst wrote, “Ahead of the second quarter 2014 earnings results, we are maintaining our Neutral recommendation on Rowan Companies plc. The company’s stable backlog provides ample visibility into its future prospects. Also strengthening crude oil prices has improved the outlook for drillers such as Rowan Companies. While the company’s international jackups enjoy strong market conditions, we believe that pricing will be under modest pressure this year as new jackups begin to enter the market. However, we remain concerned about contract drilling expenses which are expected to increase by 5% to 7% in 2014. Rowan also expects 2014 operating costs to rise by 10% to 11% from 2013 levels. The increase in operating cost is mainly due to the escalating costs in Norway and a 6-8% expected increase in labor rates. “

Rotork p.l.c. (LON:ROR) had its overweight rating reissued by analysts at Barclays.

J Sainsbury plc (LON:SBRY) had its overweight rating reaffirmed by analysts at Barclays.

SEGRO plc (LON:SGRO) had its overweight rating reissued by analysts at Barclays.

Shire PLC (LON:SHP) had its overweight rating reaffirmed by analysts at Barclays.

Stryker (NYSE:SYK) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $88.00 price target on the stock. Zacks’ analyst wrote, “Stryker seems to enjoy a lot of confidence these days, given the recent acquisition spree. Although its 2014-first quarter adjusted earnings went down 2.8% year-over-year and missed the Zacks Consensus Estimate by $0.03, the company expects a 10.5 to 14.0% rise in adjusted EPS for 2014. However, we are concerned about the strong competition from Johnson & Johnson. Further, the merger announcements between Medtronic and Covidien, and between Zimmer Holdings and Biomet pose threat to Stryker for becoming a major market power. As a result, we reiterate our Neutral recommendation on Stryker and set a target price of $88.00.”

Talktalk Telecom Group PLC (LON:TALK) had its overweight rating reiterated by analysts at Barclays.

Talktalk Telecom Group PLC (LON:TALK) had its hold rating reaffirmed by analysts at Berenberg Bank. The firm currently has a GBX 240 ($4.12) target price on the stock.

TeleCity Group Plc (LON:TCY) had its overweight rating reissued by analysts at Barclays.

TRW Automotive Holdings Corp. (NYSE:TRW) had its outperform rating reaffirmed by analysts at Zacks. Zacks currently has a $110.00 price target on the stock. Zacks’ analyst wrote, “TRW Automotive reported a 19.9% increase in its first-quarter 2014 earnings to $1.81 per share, which exceeded the Zacks Consensus Estimate of $1.65. Revenues rose 5% to $4.4 billion, surpassing the Zacks Consensus Estimate of $4.31 billion. The increase was driven by strong demand for TRW’s innovative technologies, increased vehicle production volumes and a positive impact of currency translation, partly offset by the negative impact of exiting some businesses in the North American brake component and assembly operations. Solid financial position and investment in innovative technologies are some positives for TRW. Thus, we reiterate our Outperform recommendation on the stock.”

UBM Plc (LON:UBM) had its overweight rating reissued by analysts at Barclays.

Victrex plc (LON:VCT) had its overweight rating reissued by analysts at Barclays.

Wolseley plc (LON:WOS) had its overweight rating reaffirmed by analysts at Barclays.

Wpp Plc (LON:WPP) had its overweight rating reaffirmed by analysts at Barclays.

Whitbread plc (LON:WTB) had its overweight rating reissued by analysts at Barclays.

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