Procter & Gamble (PG) downgraded, QLogic (QLGC) initiated and price target cut for IHS (IHS) in Tuesday’s Analysts’ Actions. Procter & Gamble was downgraded at BTIG Research to NEUTRAL from BUY rating. The firm said the lowered revision stems from P&G exceeding its $92 price target and they don’t see ‘a near-term catalyst for further re-rating.’ QLogic is now being covered at DA Davidson with a BUY rating and price target set at $17. The bullish call was made on the belief the company is levered to wider high-speed Ethernet adoption. IHS got its price target slashed at Barclays to $128 from $135. Barclays said it reduced the price target because IHS’ leverage to lower oil prices.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
