Compass Point

Compass Point initiated coverage on Preferred Apartment Communities (NYSE: APTS) with a Buy rating and a $9.75 price target. Compass Point noted, "APTS is a $90 million market cap, externally managed apartment REIT with 6 multifamily assets and 6 strategic loan investments. The company went public...

Compass Point upgraded Hovnanian Enterprises (NYSE: HOV) from Sell to Neutral and raised the price target from $3.50 to $5.50. Compass Point said, "While we remain concerned regarding HOV's footprint and its price points, the company's risk profile has greatly declined over the past few quarters...

Compass Point downgraded NCR Corporation (NYSE: NCR) from Buy to Neutral and reiterated the $30.00 price target. Compass Point commented, "Since the October low the shares have appreciated ~32%. Following the strong run since October we are downgrading our rating to Neutral. Our $30 price target...

Compass Point upgraded Standard Pacific Homes (NYSE: SPF) from Neutral to Buy and raised the price target from $7.25 to $10.25. Compass Point said, "The past several quarters have provided increased clarity into SPF's earnings power, the extent of the housing recovery, and the high expectations...

Compass Point initiated coverage on IntercontinentalExchange, Inc. (NYSE: ICE) with a Buy rating and a $150.00 price target. Compass Point commented, "The company's collection of assets and track record of growth is impressive. Over the 2007-2011 period compound annual growth was 23% on the top...

Compass Point initiated coverage on Sterling Financial Corporation (NASDAQ: STSA) with a Neutral rating and a $20 price target. Compass Point noted, "In order for us to see additional upside, loan growth would need to exceed our 5% annual estimate or the company's mortgage banking market share...

Compass Point initiated coverage on Union First Market Bankshares (NASDAQ: UBSH) with a Buy rating and a $17.50 price target. Compass Point commented, "We believe the bank is in a position of strength as it has been led by the same CEO since its inception in 1993, has never lost money through the...

Compass Point initiated coverage on Valley Financial (NASDAQ: VYFC) with a Buy rating and an $11 price target. Compass Point said, "The Roanoke, VA based bank, with $785MM in assets and eight branches, has a solid franchise due to its core deposit mix (66% of total funding) and strong regulatory...

Compass Point initiated coverage on Performant Financial (NASDAQ: PFMT) with a Buy rating and an $11 price target. Compass Point commented, "We view Performant as an early-stage growth story: student lending leading indicators of originations, delinquencies, and defaults are all accelerating,...

Compass Point reduced its rating on H&R Block (NYSE: HRB) from Buy to Neutral but raised its price target from $18.50 to $19.50. Compass Point noted, "Fundamentally, we believe the business has stabilized and see several potential tailwinds that should bolster earnings over the next several...

Compass Point raised its rating on PNC Financial Services (NYSE: PNC) from Neutral to Buy and raised its price target from $59 to $61. Compass Point noted, "Despite the fact that the results of our analysis imply net interest income contraction in FY14, we believe these concerns are overly...

Compass Point raised its rating on MICROS Systems (NASDAQ: MCRS) from Neutral to Buy with a reiterated $50 price target. Compass Point said, "In May the shares traded around $58. Yesterday the shares closed near $43. That's down about 26%, albeit from a lofty valuation. The current price is now...

Compass Point reiterated its Buy rating on Pulte Homes (NYSE: PHM) and increased its price target from $19 to $21. Compass Point commented, "After a full model update we remain positive on earnings fundamentals, and see material upside in shares of PHM despite what is a fairly valued sector...

Compass Point maintained its Buy rating and $30 price target on NCR Corporation (NYSE: NCR) following an accretive, though expensive, expansion of retail footprint. Compass Point noted, "Our estimates are unchanged this year and revised to $2.60 next year (+3 cents from $2.57 previously). The...

Compass Point raised its rating on DR Horton (NYSE: DHI) from Sell to Neutral and raised its price target to $18.50. Compass Point commented, "After a full model update we are raising estimates and, coupled with the stock's relative underperformance in the post-QE3 trade, we now feel DHI should...