EdgeWater 10/15/2010 11:51:19 AM
News / Business

Analyst Rating Changes (MGM, DHI, MSFT, PLCE)

Analyst Rating Changes

MGM Resorts International. (NYSE:MGM) fell 4.46% to $11.56 on over 52.47 million shares. This morning, BMO Capital upgraded the stock to Outperform from Market Perform, and lifted its price target to $18 from $11.

The stock opened at $12.30 and was trading within the range of $11.47-$12.33. At today`s closing market price, the market capitalization of the company stands at $5.10 billion. The stock went up more than 25% year-to-date. 

D.R. Horton, Inc. (NYSE:DHI) went down 1.02% to $10.67 on over 5.86 million shares. This morning, an analyst at UBS upgraded DR Horton from Sell to Neutral.

D.R. Horton, Inc. is a homebuilding company in the United States. It constructs and sells homes, through the operating divisions in 27 states and 75 metropolitan markets of the United States.

Microsoft Corporation (NASDAQ:MSFT) slid 0.43% to $25.23. Barclays Capital cut its price target 6.7% on shares of Microsoft Corp. In a Thursday report, analyst Israel Hernandez pared his target to $28 a share from $30, citing Wednesday reports from IDC and Gartner that third-quarter personal-computer unit sales were below expectations. Hernandez rates the stock equal weight.

Over the past 52-week, the stock traded within the range of $22.73-$31.58. In the past one month of trading sessions, the stock went up more than 1%.

Children's Place Retail Stores, Inc. (NASDAQ:PLCE) went down 2.03% to $53.46. Susquehanna downgraded Children's Place Retail Stores from Positive to Neutral, citing valuation after 65.4% year-to-date run-up in part on takeover speculation following the recent private-equity buyout of Gymboree Corp. 

Over the past 52-week, the stock traded within the range of $26.65-$57.63. In the past one month of trading sessions, the stock went up more than 7%. So far this year, the stock went up more than 62%.

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