Magna International, Inc. (NYSE:MGA): Following its meeting with Magna’s management, RBC Capital believes that the company expects to maintain its European profitability this year. The firm gains confidence in the Magna’s European strategy and believes it is prepared to strong growth in China. RBC capital reiterates its Outperform rating on the shares.
Tesla Motors, Inc. (NASDAQ:TSLA): Goldman believes that there are near-term catalysts for Tesla including the delivery of the company’s first Model S sedans as well as possible positive reviews which could possibly create higher Gen 3 volumes. The shares hold a Buy rating.
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Adobe Systems Inc. (NASDAQ:ADBE): According to Cowen, Adobe’s Creatives is central to its digital marketing success, which continues to gain momentum. The firm mentioned that the company’s unit growth exceeded expectations, and its change to subscription pricing drives new user growth. Regardless of reduced Q3 guidance, Cowen reiterates its Outperform rating on the stock.
FedEx Corporation (NYSE:FDX): At current levels following the Q4 results, Baird remain buyers of FedEx (NYSE:FDX) due to stabilizing Express volumes as well as better asset utilization, which may eventually show guidance to be conservative. At current levels, Baird prefers FedEx over UPS (NYSE:UPS). The firm reiterates its Outperform rating and $112 price target on the stock.
Huntsman Corporation (NYSE:HUN): According to Lazard Capital, the recent pullback in shares of Huntsman creates and opportunity for buying, but the firm is concerned the European exposure for the company could be overdone. The firm maintains a Buy rating on the stock.
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