Dell Inc. (NASDAQ:DELL) earnings will probably continue to be pressured near term due to still-deteriorating fundamentals and the company’s slow pace of transition toward enterprise solutions, according to Cowen. The company thinks that Dell’s multiple will continue to be compressed while Windows 8 probably will not help in the near term. Shares have a Neutral rating.
Harley-Davidson, Inc. (NYSE:HOG): Goldman’s channel checks suggest a rise of 12 percent in retail sales in October, and this is seen as a continuation of the momentum that was seen in the second half of September. Furthermore, checks have suggested that pricing continues to be strong with positive demand fundamentals. Shares have a Buy rating and a $54 price target.
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Automatic Data Processing, Inc. (NASDAQ:ADP) reported higher Q1 EPS that predicted, but it shows in-line revenue. Argus believes that that the company’s growth is accelerating. The firm keeps its Buy rating and a $63 price target on the stock.
NetApp, Inc. (NASDAQ:NTAP) reported higher Q2 EPS than predicted, and it provided in-line Q3 EPS guidance. This raises Pacific Crest’s confidence that the company will experience a product-driven recovery. The firm believes that the stock has the ability to appreciate 40 percent beyond its $38 price target, and it keeps its Outperform rating on the stock.
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