ADT shares upgraded to equal weight

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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.