Western Digital Corp. (NYSE:WDC) estimates were reduced by CLSA due to a slowdown in demand and expected inventory correction at OEM customers. The firm also mentions that Western Digital is not experiencing execution issues similar to Seagate (NASDAQ:STX), and the June quarter’s downside is less. The shares are given an Outperform rating.
Alcoa, Inc. (NYSE:AA) estimates were decreased by Nomura because of weakened aluminum prices. The company’s Q2 estimate has been reduced to oc from 5c, 2012 to 20c from 25c, and 2013 to 55 c from 60c. Shares are given a Neutral rating.
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SXC Health Solutions, Corp. (NASDAQ:SXCI) possesses an attractive level of growth beyond the transaction with Catalyst Health Solutions, Goldman believes. According to the firm, this deal bring SXC more into the competitions, and the company will benefit from a better mix as time progresses. The shares have a Buy rating and a $120 price target.
Alcatel-Lucent (NYSE:ALU) is expected by Citigroup to report weak results and management for Q2 which will reduce its FY12 margin guidance to up 1%, down 4% from up 4%. The firm maintains a Sell rating and a $1.25 price target on the stock.
Caterpillar Inc. (NYSE:CAT) estimated were lowered by Wells Fargo due to a “lackluster” channel check, lengthened macroeconomic concerns, and a stronger dollar. The firm decreased valuation range for the company to $99-$102 from $127-$130, but reiterates its Outperform rating because it believes the earnings reductions were already figured into the stock price.
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