Rackspace Hosting, Inc (NYSE:RAX) estimates were reduced by Goldman thanks to FX volatility and a possible slowdown prior to its OpenStack migration. Shares are rated Neutral with a $52 price target, down from $57.
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Accretive Health, Inc. (NYSE:AH): Following Accretive’s hinting in an SEC filing that it has in the works a negotiation for a five-year renewal with its major customer Ascension, Oppenheimer thinks Ascension will renew with Accretive by the end of July. Oppenheimer stands by an Outperform rating on the stock.
AOL, Inc. (NYSE:AOL): Needham elevated its price target AOL due to expectations for more impressive earnings in both Q2 and FY12. Needham repeats its Buy rating on the stock.
KVH Industries Inc. (NASDAQ:KVHI): The price target for shares of KVH got a boost from Needham thanks to the company’s TACNAV award and mini-VSAT broadband business product cycle. Needham holds to a Buy rating on shares.
Sunesis Pharmaceuticals Inc. (NASDAQ:SNSS): Cowen sees Sunesis Pharmaceuticals with a favorable risk/reward going into its analysis of its crucial VALOR trial in relapsed/refractory AML. Cowen thinks the probable result will be to either proceed as is or extend the trial, both which would be seen as positive. Shares are rated Outperform.
Investing Insights: EARLY BUZZERS: Target and Macy’s Dip on Sales, Apple Gearing Up for iPad-Mini.
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