Thursday, July 28, 2011

Analyst Actions: CSCO, GPS, TSL, REE

Cisco Systems (NASDAQ: CSCO): Goldman Sachs upgraded its rating on the company to Buy from Neutral with a price target of $21.

Gap, Inc. (NYSE: GPS): Jefferies upgraded the company to Buy from Hold to Buy. The firm raised its price target to $25 from $16.

Trina Solar Ltd. (NYSE: TSL): Collins Stewart downgraded its rating on the company to Neutral from Buy on expectations consensus estimates for the company will need to come down. 
Rare Element Resources (AMEX: REE): Global Hunter Securities initiated coverage on the company with a Buy rating and a price target of $18.50. In a research notev to clients, the firm commented, "Rare Element Resources (Rare Element) is advancing the Bear Lodge rare earth project towards production and will be one of two significant projects in the United States providing the critical/strategic metals currently in short supply and facing export restrictions from China. We believe the project's location, straightforward mining plan and relatively low capex makes Rare Element a compelling investment at this time. In addition, the company also has an adjacent low grade, but high tonnage gold deposit, Sundance, which has a resource in excess of 900k oz Au. We believe that Rare Element is undervalued based on the upcoming catalysts and advantages over other development companies in the REE sector."

Full Disclosure: None.
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