Microsoft Corporation (NASDAQ:MSFT): Credit Suisse said Microsoft beat estimates led by outperformance in Windows, Servers & Tools, and Microsoft Business Division. Shares are Outperform rated.
SanDisk Corp. (NASDAQ:SNDK): After SanDisk reported weaker than expected Q1 results, RBC Capital blames the miss primarily on seasonality and product timing issues. The firm sees a floor of $30 in the stock, and recommends that investors buy the shares if they test that level in 2H12. The firm maintains an Outperform rating on the stock.
Yum! Brands, Inc. (NYSE:YUM): After Yum! reported stronger than expected Q1 results but shares were pressured by a slowdown in China comp increases, RBC Capital sees positive catalysts for the company’s China business in 2H12. The firm thinks that Yum’s U.S. business is recovering and it maintains an Outperform rating on the stock.
Abbott Laboratories (NYSE:ABT): After Abbott’s 9ABT) stock fell following the strong performance of Gilead’s (NASDAQ:GILD) hepatitis C drug in a trial, RBC Capital believes that Abbott’s stock has a sum of the parts fair value range of $67-$69, without assigning any value to its hepatitis C program. The firm maintains an Outeprform rating on Abbott.
Penn National Gaming Inc. (NASDAQ:PENN): Morgan Stanley raised Penn National’s price target citing its upcoming openings in Ohio and said it offers a compelling rate of return at current valuation. Shares are Outperform rated.
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