ADT shares upgraded to equal weight

Thursday, May 9, 2013

BOCA RATON, Fla.—Morgan Stanley this week upgraded shares of The ADT Corp. from an underweight to an equal weight rating in a report sent recently to investors, according to multiple reports. The firm currently has a $47.00 price target on the stock.

Several other financial analysts have assessed ADT’s share value of late. Barclay Capital analysts cut their price target on shares of ADT from $47.00 to $44.00 in a May 2 note to investors, giving the stock an equal weight rating. Separately, Imperial Capital in March set an outperform rating and a $54.00 price target on the stock.

Analysts at Argus restated a hold rating on shares of ADT in a note to investors from March 19. They now place a $48.00 price target on the stock.

At this time, assessments vary on whether holders should buy, hold or sell shares. One investment analyst recently rated the stock a sell rating, while three have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “hold” and a consensus target price of $51.88, according to reports.