21Vianet shares recommended ahead of Q3 report at Canaccord Canaccord reiterates its Buy rating on 21 Vianet ahead of the Q3 report. The firm believes its data center expansion in Q2 will show accelerating growth for the rest of 2012 and into 2013. Share are Buy rated with a $16 price target.
21Vianet price target lowered to $25 from $35 at JPMorgan JPMorgan cut its price target for 21Vianet shares to $25 saying the company's Q3 revenue and EBITDA results hit the low end of guidance. The firm reduced its 2015 cloud estimates but thinks the near-term pullback in shares could provide a good entry point for long-term investors. It keeps an Overweight rating on the stock.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: 21Vianet (VNET) downgraded to Hold from Buy at Canaccord... Agrium (AGU) downgraded to Underperform from Neutral at BofA/Merrill... Cinemark (CNK) downgraded to Hold from Buy at Topeka... Copa Holdings (CPA) downgraded to Neutral from Overweight at JPMorgan... Ctrip.com (CTRP) downgraded to Equal Weight from Overweight at Barclays... Cubic (CUB) downgraded to Hold from Buy at Needham... Helix Energy (HLX) downgraded at Morgan Stanley... Louisiana-Pacific (LPX) downgraded to Underperform from Sector Perform at RBC Capital... U.S. Silica (SLCA) downgraded to Market Perform at Wells Fargo.