Tuesday, January 31, 2012

Staples (SPLS) (BMY) (CI) (USAP) (SOA) (SPLS) (TSM) (MSI) (PRGS) Ratings, Price Targets

Staples, Inc. (NASDAQ: SPLS), Bristol Myers Squibb Co. (NYSE: BMY), CIGNA Co. (NYSE: CI), Universal Stainless & Alloy Products (NASDAQ: USAP), Solutia Inc. (NYSE: SOA), Staples, Inc. (NASDAQ: SPLS), Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), Motorola Solutions (NYSE: MSI) and Progress Software (NASDAQ: PRGS) ratings and price targets.

Jefferies Group (NYSE:JEF) reiterated its "Overweight" rating on Bristol Myers Squibb Co. (BMY).

Jefferies Group reiterated its "Overweight" rating on CIGNA Co. (CI). They have a price target of $63.00 on the company.

Universal Stainless & Alloy Products (USAP) had its price target raised by Auriga from $44.00 to $54.00. They have a “Buy” rating on the company.

Solutia Inc. (SOA) was downgraded by Lazard Capital from a “Buy” rating to a “Neutral” rating.

Staples, Inc. (SPLS) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Taiwan Semiconductor Mfg. Co. Ltd. (TSM) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.

Motorola Solutions (MSI) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $55.00 on the company.

Progress Software (PRGS) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating. They have a price target of $27.00 on the company.

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