Level 3 Communications Inc. (NASDAQ:LVLT): Cowen believes that Level 3 Communications Inc. is well positioned heading into 2013 and sees potential for improved revenue growth and earnings before interest taxes depreciation and amortization margins. Shares are Outperform rated.
CarMax Inc. (NYSE:KMX): Oppenheimer is optimistic that CarMax Inc.’s third quarter results will mark the key turning point for the company and the firm anticipates that the company’s used car sales will strengthen through 2013. However, the firm believes that investors may react cautiously to the company’s third quarter results on December 20 and recommends buying the shares on any weakness.
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Pike Electric Corporation (NYSE:PIKE): After meeting with Pike Electric Corporation’s executives, Stifel expects the company to obtain at least $52 million in revenue as a result of storms during the second quarter. They are up from their previous estimate of $42 million. The firm thinks the stock has several other positive catalysts and they maintain a $12.50 price target and Buy rating on the shares.
Fluor Corporation (NYSE:FLR): After a consortium including Fluor Corporation won a deal to replace New York’s Tappan Zee Bridge, Sterne Agee expects the company to continue to add higher margin infrastructure backlog during 2013. The firm recommends buying the stock.
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