Ryder System, Inc. (NYSE:R): FBR Capital added Ryder, Inc. to their Top Picks list due to expectations that Hurricane Sandy will yield higher utilization and pricing. The firm has an Outperform rating on their stock with a $60 price target. Ryder replaced Atlas Air (NASDAQ:AAWW) on FBR’s Top Picks list.
DaVita, Inc. (NYSE:DVA): Deutsche Bank raised their price target for DaVita to reflect their 2014 estimates and called the company their top pick within Health Care Providers. The firm reiterates a Buy rating on the name.
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Qualcomm Incorporated (NASDAQ:QCOM): Citigroup says investors have been worried about Qualcomm Incoroporated’s MSM guidance for the first quarter due to 28nm capacity constraints. However, Citi believes that the concerns could be overdone and sees potential upside to the company’s first quarter outlook. The firm reiterates a Buy rating on Qualcomm ahead of their fourth quarter results on November 7.
Moneygram International Inc. (NYSE:MGI): According Wells Fargo, a translation of a Spanish language online news report said that MoneyGram International Inc. may have unknowingly been involved in a money laundering operation where funds were moved from Spain to China. Wells said that Interpol confirmed that some sort of money laundering operation in Spain was raided, but cautioned that it is not confirmed that MoneyGram was involved. Wells Fargo maintains their Outperform rating given the company’s possible involvement has not been confirmed.
BroadSoft, Inc. (NASDAQ:BSFT): William Blair believes that BroadSoft, Inc.’s lighter than expected third quarter revenue and outlook does not signal a major shift in the company’s growth direction. The firm recommends buying the stock on today’s pullback and keeps an Outperform rating on the name.
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