Aruba Networks, Inc. (NASDAQ:ARUN): Acording to William Blair, there may be a quick reaction to sell Aruba Networks shares after Cisco’s (NASDAQ:CSCO) acquisition of Meraki. The firm believes that as the acquisition has the ability to drive increased competition for Aruba in the SMB market, Aruba has the ability to hold its own, and the firm stated that it would look to use any weakness in shares as a buying opportunity.
Denbury Resources Inc. (NYSE:DNR) has been given a Neutral rating by Credit Suisse, and the firm recommends purchasing the stock for a trade into the Holiday season. The firm sees upside from the company’s $500 million buyback program, a strong start to Q4, reduced tax implications from Bakken sale, along with more focus on PDP transactions. The firm gives the stock a price target of $18.50.
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Reliance Steel & Aluminum Co. (NYSE:RS): Credit Suisse thinks that U.S. steel sector valuations already accounts for the uncertainty ahead of the Fiscal Cliff, and the firm believes that there is a trading opportunity over the next 3 to 6 months as fundamentals improve. The firm gives Reliance Steel (NYSE:RS), Metals USA (NYSE:MUSA), Nucor (NYSE:NUE), and AK Steel (NYSE:AKS) Outperform ratings.
Facebook, Inc. (NASDAQ:FB): According to Cantor, Facebook’s mobile engagement grew at a far more rapid pace than that of its competitors last month, comScore data reports. Cantor views mobile as having “enormous potential” for Facebook over the longer term, and it keeps its Buy rating on the stock.
Foot Locker, Inc. (NYSE:FL) is predicted by Canaccord to keeps seeing benefits resulting from basketball category strength and apparel improvements, and the firm believes that the risk/reward is favorable. The shares have a Buy rating and a $42 price target.
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