Analyst PT Change

Maxim Group maintains a 'Sell' on Suntech Power (NYSE: STP) price target cut from $1.50 to $0.50.

Analyst, Aaron Chew, said, "Following steep 1Q downside punctuated by $45m in provisions, STP foresees a 20% Q/Q rebound in shipments but gross margins stuck at ~5% in 2Q. With no end in sight for EPS and free cash flow losses, we foresee material risk to equity deflation and/or dilution and lower our price target."

"Though making tremendous strides at lowering its production costs, STP faces a huge challenge keeping up with its low-cost peers and steady ASP pressures. While it targets module costs of <$0.75/W by 2012YE ($0.60/W processing and ~$27/kg poly), this is 10% higher than the $0.60/W forecast of Trina Solar (NYSE: TSL)(Hold) and essentially in line with our 4Q12 module ASP forecast of $0.78/W, suggesting no end in sight for steep net losses and cash burn."

For an analyst ratings summary and ratings history on Suntech Power click here. For more ratings news on Suntech Power click here.

Shares of Suntech Power closed at $2.02 yesterday, with a 52 week range of $1.70-$8.50.

Macquarie upgraded SBA Communications (NASDAQ: SBAC) from Neutral to Outperform, price target raised from $56 to $60.

For an analyst ratings summary and ratings history on SBA Communications click here. For more ratings news on SBA Communications click here.

Shares of SBA Communications closed at $51.32 yesterday, with a 52 week range of $32.36-$55.85.

Nomura Securities maintains a 'Buy' on Melco Crown Entertainment (NASDAQ: MPEL) price target raised to $17.50.

Analyst, Charlene Liu, said, "Post 1Q12 results and a recent company visit, we lift our estimates and target price. We are encouraged by 1) potential margin improvement from MPEL’s continual business mix shift toward mass and non-gaming (>60% of group’s EBITDA in non-VIP); 2) potential earnings upside from its new premium mass facilities and its overall mass business at the City of Dreams, which could benefit from traffic from the new Sands Cotai Central; and 3) stabilizing VIP volume growth from continuous efforts to improve yield through replacing less-efficient junkets. F12E/F13E EPS moves from $12.75/$18.46 to $17.96/$19.43."

For an analyst ratings summary and ratings history on Melco Crown Enter. click here. For more ratings news on Melco Crown Enter. click here.

Shares of Melco Crown Enter. closed at $12.07 yesterday, with a 52 week range of $7.05-$16.15.

Canaccord Genuity reiterates a 'Buy' on InterMune Inc. (NASDAQ: ITMN) price target lowered from $24 to $15.

Analyst, Ritu Baral, said, "Reiterate rating, lowering target to $15 on lower, but still blockbuster, Esbriet (pirfenidone) sales prospects. Esbriet is ITMN’s drug for idiopathic pulmonary fibrosis (IPF), an orphan lung disease. We see good Esbriet EU potential (despite price concerns) and encouraging 2012 adoption, but are reducing our worldwide peak sales estimate to $2.1B from $3.6B in 2025."

For an analyst ratings summary and ratings history on InterMune Inc. click here. For more ratings news on InterMune Inc. click here.

Shares of InterMune Inc. closed at $10.08 yesterday, with a 52 week range of $9.66-$37.99.

Needham & Company reiterates a 'Buy' on NetApp (NASDAQ: NTAP) price target cut from $49 to $38.

Analyst, Glenn Hanus, said, "NTAP reported solid F4Q results ahead of Street, but report was overshadowed by guidance well below expectations. Cautious F1Q rev. guide of down 15% q/q, vs. more typical 8-10%, on increasing macro uncertainty, especially EMEA. Beside bright spots of APAC and Americas Commercial, US Public Sector (defense), financial services (deteriorated last 90 days), and some Major Accounts remain laggards. NTAP suggests increased competition is not an issue, evidenced by solid GM% in F4Q and F1Q guide. We remain confident on NTAP’s positioning in storage landscape, but acknowledge a bumpy road ahead on macro headwinds."

Needham cuts FY13 EPS estimate from $2.62 to $2.01.

For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.

Shares of NetApp closed at $32.86 yesterday, with a 52 week range of $31.94-$56.49.