Societe Generale

Societe Generale upgraded Iamgold Corporation (NYSE: IAG) from Sell to Hold. Societe Generale noted, "The stock has breached our previous price target (C$10.40) and, in our view, now looks oversold. The c.40% collapse in the share price over the last 12 weeks is linked to two key news events....

In a report published Monday, Societe Generale reiterated its Buy rating on Noble Corporation (NYSE: NE), but lowered its price target from $48.00 to $45.00. Societe Generale noted, “Noble's downtime/costs associated with newbuild rig arrivals are impacting operating profitability. NE issued...

In a report published Friday, Societe Generale reiterated its Sell rating on The Boeing Company (NYSE: BA) and raised its price target from $68.00 to $70.00. Societe Generale noted, “Boeing shares performed relatively poorly in 2012 (+3%), underperforming civil aerospace peers by 13%. We believe...

Societe Generale upgraded Credit Suisse Group (NYSE: CS) from Hold to Buy. Societe Generale noted, "We see upside in Credit Suisse due to three reasons: (i) equities trading and M&A and ECM revenues in the US are likely to improve as political uncertainty declines (=CHF2.6 per share), (ii)...

Societe Generale downgraded UBS (NYSE: UBS) from Buy to Hold. Societe Generale commented, "UBS has had a good run and now it has hit our target price of CHF16.0. To move up further, the stock would need support from a materially stronger improvement in wealth management offsetting the harsher-...

Societe Generale upgraded International Business Machines (NYSE: IBM) from Sell to Hold and raises the price target from $188.00 to $201.00. Societe Generale noted, "IBM has delivered a solid performance overall in 2012 and is on track to reach its 2015 EPS target of $20 per share. While Services...

Societe Generale upgraded Encana Corporation (NYSE: ECA) from Hold to Buy. Societe Generale noted, "We've upgraded our rating of ECA to BUY from HOLD because we consider the change at the ECA helm a true positive catalyst and rationale for owning the stock. … During Mr. Eresman's tenure, ECA,...

In a report published Friday, Societe Generale reiterated its Buy rating and $126.00 price target on Chevron Corporation (NYSE: CVX). Societe Generale noted, “In its 4Q interim update published last night, CVX reported U.S. upstream volumes that were tracking at 676kboe/d during October and...

In a report published Friday, Societe Generale reiterated its Hold rating on Oracle Corporation (NASDAQ: ORCL), and raised its price target from $35.00 to $36.50. Societe Generale noted, “Following Oracle's Q2 FY13 (to end-November) results published on 18 December and the recent acquisition of...

In a report published Friday, Societe Generale reiterated its Buy rating on EQT Corporation (NYSE: EQT), and raised its price target from $71.00 to $75.00. Societe Generale noted, “EQT announced earlier today that it will sell its natural gas distribution business, Equitable Gas Company, to...

Societe Generale initiated coverage on EQT Corporation (NYSE: EQT) with a Buy rating and a $71 price target. Societe Generale noted, "We initiate coverage of EQT Corporation (EQT) with a BUY rating and a target price (TP) of $71 (based on a risked net asset value calculation, supported by a...

Societe Generale initiated coverage on Southwestern Energy (NYSE: SWN) with a Buy rating and a $41 price target. Societe Generale said, "We initiate coverage of Southwestern Energy (SWN) with a BUY rating and a target price (TP) of $41 (based on a risked net asset value calculation, supported by...

Societe Generale reiterated its Buy rating on STMicroelectronics (NYSE: STM) and maintained its price target at $7.90. Societe Generale noted, "STM's new strategic review has revealed plans to exit ST-Ericsson by Q3 13 and refocus on the core units, i.e., where STM has market leading positions...

Societe Generale reiterated its Hold rating on Accenture (NYSE: ACN) but raised its price target from $71 to $74. Societe Generale said, "Accenture is to report Q1 13 (to end-November) results on 19 December. We expect $7,273m (+3%) in revenues and $1.06 EPS, in line with cons. at $7,298m...