Anadarko Petroleum Corporation (NYSE:APC): Jefferies noted the closing arguments in Tronox’s (TROX) case against Anadarko Petroleum Corporation. The firm mentioned that one of the court’s questions implied $2-$3 billion would be the minimum amount acceptable to the United States for clean-up. Jefferies believes a judgment against Anadarko in this price range will be a bullish outcome as as they anticipate that at least $4 billion is priced into Anadarko shares.
Cree Inc. (NASDAQ:CREE): Canaccord said that their latest checks throughout Asia indicate that fundamentals remain intact and yielded no surprises. The firm maintains their Buy rating but is not opposed to locking in some profits, given their recent strength. Shares are Buy rated with a $38 price target.
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Ultratech, Inc. (NASDAQ:UTEK): Canaccord is not concerned with Rudolph Technologies’ (NASDAQ:RTEC) purchase of Azores, a display panel lithography company. The firm is confident with Ultratech, Inc.’s market position and early-mover advantage. They also said that there is room for a few successful suppliers. Shares are Buy rated.