Vail Resorts Inc. (NYSE:MTN): Vail Resorts Inc. reported that season pass sales are already up 17% year-over-year, indicating a strong term. Credit Suisse said Vail’s guidance for the fiscal year 2013 was impressive and revenue visibility is solid. Shares are Outperform rated.
Baidu, Inc. (NASDAQ:BIDU): After a visit to China indicated the company’s competitive threat from Qihoo 360 (NYSE:QIHU) is real, ThinkEquity lowered their estimates for Baidu, Inc. The firm believes that Baidu is facing a dilemma between improving user expedience and monetizing traffic. Qihoo’s search traffic share is stable at about the 10% level, however, ThinkEquity sees the potential for the company to gain further traffic share over time. Think dropped their fiscal year 2012 earnings estimate for Baidu, from $4.60 to $4.56, their 2013 estimate from $6.30 to $5.96, and price target from $180 to $150. Think keeps a Buy rating on Baidu.
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Las Vegas Sands Corp. (NYSE:LVS): Lazard Capital raised their price target for Las Vegas Sands Corp. from $48 to $52.
Research In Motion Limited (NASDAQ:RIMM): Following Research in Motion Limited’s developers conference, Goldman raised the company’s subscriber forecasts by 16% and said due to lower active server pages (NASDAQ:ASPS), earnings estimates were little changed. The firm noted that Research in Motion’s subscriber base grew to 80 million, implying growth above their expectations. Shares are Neutral rated with a $9 price target.
Alkermes, Inc. (NASDAQ:ALKS): Lazard Capital expects 10c of upside to Alkermes, Inc.’s fiscal year 2014 earnings due to benefits from the company’s debt refinancing. The firm raised their estimates for Alkermes and upped their price target for shares to $23 while keeping a Buy rating on the stock.
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