Cisco Systems, Inc. (NASDAQ:CSCO): According to RBC Capital, VMWare’s purchase of Nicira could impact long-term data center growth prospects for Cisco, since the firm believes that the deal was made because VMWare wishes to become the main control plane for data center assets. The firm keeps its Sector Perform rating but drops its price target from $21 to $18 on the shares.
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Halliburton Company (NYSE:HAL) target was increased by RBC Capital following the company’s reports of stronger than expected results for Q2. The firm keeps its Outperform rating on the stock.
McDonald’s Corp. (NYSE:MCD) FY12 estimates were significantly decreased by RBC Capital following the company’s reports of weaker than expected results for Q2. The firm thinks the company faces several headwinds, but it keeps its Outperform rating on shares, crediting a possible dividend increase and what it sees as solid sales.
Universal Display Corp. (NASDAQ:PANL): Goldman states that negative sentiment creates a buying opportunity before the Q2 reports for Buy rated Universal Display (NASDAQ:PANL), Cree (NASDAQ:CREE), and Solazyme (NASDAQ:SZYM). the firm predicts that both Universal Display and Cree will report earnings higher than the Street.
InterMune Inc. (NASDAQ:ITMN) target has been lowered by Oppenheimer following the company’s reports of lower than expected Q2 sales of Esbriet and lower than expected guidance for 2012 Esbriet sales. However, due to valuation, the firm keeps its Outperform rating on the stock.
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