Hilliard Lyons

In a report published Wednesday, Hilliard Lyons reiterated its Underperform rating on HCP (NYSE: HCP). HIlliard Lyons noted, “Following the conference call and a more in-depth look at HCP's results, we are fine-tuning our 2013 FFO estimate slightly to $3.03 a share, which is slightly above...

Hilliard Lyons downgraded Kite Realty Group Trust (NYSE: KRG) from Buy to Long-term Buy and raised the price target from $6.50 to $7.50. Hilliard Lyons noted, "Kite reported FFO per diluted share of $0.10, two cents below the year ago period. Ours and the consensus estimate was $0.11 per share...

In a report published Friday, Hilliard Lyons upgraded its rating on Mid-America Apartment Communities (NYSE: MAA) from Neutral to Buy, and reiterated its $71.50 price target. Hilliard Lyons noted, “We are raising our rating on MAA from Neutral to Buy. During the quarter, occupancy was strong at...

Hilliard Lyons downgraded California Water Service Group (NYSE: CWT) from Long-term Buy to Neutral and removed the price target of $20.00. Hilliard Lyons commented, "We are downgrading shares of CWT from Long-term Buy to Neutral. Shares have rallied sharply over the past 2-3 months, and closed...

Hilliard Lyons downgraded Electronic Arts Inc. (NASDAQ: EA) from Long-term Buy to Neutral and removed the price target of $19.00. Hilliard Lyons noted, "EA shares have performed relatively well over the past six months or so, despite several rounds of cuts to projected earnings. Upside to our...

In a report published Friday, Hilliard Lyons reiterated its Buy rating and $45.00 price target on American Water Works Co. (NYSE: AWK). Hilliard Lyons noted, “Late on 1/24/13, American Water Works issued 2013 EPS guidance in a range of $2.15-$2.25. AWK also expects full year 2012 EPS from...

In a report published Friday, Hilliard Lyons upgraded its rating on Piedmont Natural Gas Company (NYSE: PNY) from Neutral to Long-Term Buy and named a $35.00 price target. Hilliard Lyons noted, “We are upgrading our rating on Piedmont from Neutral to Long-term Buy and are assigning a 2-year price...

Hilliard Lyons raised its rating on Cedar Fair Entertainment (NYSE: FUN) from Neutral to Long-term Buy with a $39 price target. Hilliard Lyons commented, "We are raising our rating on FUN to Long-term Buy from Neutral based on a recent pullback in the unit price. The price is now at a level we...

Hilliard Lyons reiterated its Long-Term Buy rating on WGL Holdings (NYSE: WGL) but reduced its price target from $44 to $42. Hilliard Lyons commented, "The regulated utility narrowed non-GAAP operating losses to $0.24/share in Q4'12 from losses of $0.47/share in Q4'11 and provided the bulk of...

In a report published Wednesday, Hilliard Lyons initiated coverage on VMware (NYSE: VMW) with a Long-Term Buy rating and $110.00 price target. Hilliard Lyons noted, “We initiate coverage of VMW with a Long-term Buy investment rating, Suitability rating-3 and $110 price target. High priority,...

Hilliard Lyons raised its rating on Summit State Bank (NASDAQ: SSBI) from Neutral to Long-term Buy and increased its price target to $8. Hilliard Lyons noted, "With the stock price up 7% in the last month we feel late to the party, but our job is to assess a stock's worth at a given point in time...

Hilliard Lyons reduced its rating on Artesian Resources (NASDAQ: ARTNA) from Long-term Buy to Neutral. Hilliard Lyons commented, "We are lowering our rating on shares of ARTNA to Neutral from Lon-term buy. A ~28% rise in price YTD leaves  shares  trading at  19.6x  our  2013 estimate, a fair...

Hilliard Lyons raised its rating on Aqua America (NYSE: WTR) from Neutral to Long-term Buy with a $29 price target. Hilliard Lyons noted, "We  believe  momentum  due  to  the 2012  drought  and  natural  gas  water  supply initiative  has  subsided,  thus  bettering  the risk/reward proposition ...

Hilliard Lyons raised its rating on HopFed Bancorp (NASDAQ: HFBC) from Neutral to Long-term Buy with an $11 price target. Hilliard Lyons said, "Our more favorable view of the company is based largely on higher earnings due to financial engineering coupled with improving credit quality as opposed...