Luxottica Group S.p.A. (ADR) (NYSE:LUX) shares climbed 1.19% to $25.46 following the stock was upgraded by Deutsche Bank to “Buy”.” The firm set a price target of E22.6.
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Deutsche analyst says, "Luxottica shares have barely moved in 12 months. In contrast, consensus EPS estimates have risen by 10%, resulting in a c.15% de-rating vs. the luxury sector. Therefore, Luxottica is now attractive vs. its peers. Momentum should also be healthy with a good Q3 ahead, and the many strategic initiatives should continue to generate organic growth."
Penn West Energy Trust (USA) (NYSE:PWE) are seeing buying pressure following BMO Capital rerated the stock from Market Perform to Outperform.
Penn West Energy Trust (Penn West) is an open-ended investment trust. Its principal undertaking is to issue Trust Units, and to acquire and hold securities of subsidiaries, net profits interests, royalties, notes and other interests.
Shares of Rowan Companies, Inc. (NYSE:RDC) are seeing increased buying pressure following UBS upped the company’s rating to “Buy” from “Neutral.”
The median Wall Street price target on the stock is $32 and the high target is set at $40 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $26.67 and $26.56respectively.
Shares of RDC climbed 1.95% to $30.27 on very heavier than the average volume.
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Shares of NetLogic Microsystems, Inc. (NASDAQ:NETL) surged 2.75% to $25.69 following UBS upgraded the stock to Buy from Hold.
The median Wall Street price target on the stock is $37.50 and the high target is set at $41 with majority of analysts have a Strong Buy rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $26.49 and $28.80 respectively.
Central European Distribution Corporation (CEDC) operates primarily in the alcohol beverage industry. It is a producer of vodka and is Central and Eastern Europe’s integrated spirit beverages business.
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