QUALCOMM Incorporated (NASDAQ:QCOM) has been added to Citigroup’s Top Picks Live list due to its quick adoption of 3G-based smartphones in China and other emerging markets. Qualcomm replaced Broadcom (NASDAQ:BRCM) on the firm’s Top Picks Live list. Citi has decided to reiterates its Buy rating and a $75 price target on the stock.
Broadcom Corp. (NASDAQ:BRCM) has been removed from Citigroup’s Top Picks Live list to be replaced by Qualcomm (NASDAQ:QCOM). However, the firm has deiced to continue to be positive on the shares by giving them a Buy rating and $41 price target.
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Ashland Inc. (NYSE:ASH) price target has been increased to $100 from $95 by Jefferies.
Facebook, Inc. (NASDAQ:FB): According to William Blair, channel checks show that Facebook’s ad product called Facebook Exchange, or FBX, has been adopted quite quickly, and its ad pricing could possibly see an increase by three times. The firm has stated that all its checks were more positive than predicted. The firm reiterates its Outperform rating on the stock.
Baidu, Inc. (NASDAQ:BIDU): Citigroup has stated that on December 31, Qihoo (NYSE:QIHU) began placing paid links next to its natural search results, which is the beginning of the company’s search monetizing. Citi is convinced that Qihoo’s monetization may allow expansion of its search market share during 2013, which shows possible downside risks to Baidu’s dominance. The firm maintains its Sell rating and a $95.10 price target on the stock.