FedEx Corporation (NYSE:FDX): Following investor meetings, Baird raised their price target on FedEx Corporation. The firm cited operational cost savings, improvement in cash flow, and a focus on improving their dividend yield. Shares are Outperform rated.
Boeing Co. (NYSE:BA): After Qantas canceled a large order with Boeing Co., Oppenheimer analyzed orders by Boeing’s top 25 customers and concluded that 15%-20% of these orders could be canceled or deferred. The firm thinks Boeing’s order book appears to be “substantially sound” and they maintain an Outperform rating on their stock.
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Activision Blizzard, Inc. (NASDAQ:ATVI): Wedbush said that according to NPD, September’s U.S. console software sales were down 18% to $497 million, this is below the firm’s estimate of $520 million. However, the firm believes that Activision Blizzard, Inc. came in above expectations.
CEVA Inc. (NASDAQ:CEVA): Oppenheimer believes that the third quarter will mark an earnings trough for CEVA, Inc. The firm thinks that momentum is building in China, the company’s key market. They recommend buying the stock ahead of Ceva’s third results and they maintain a $25 target and Outperform rating on their stock.
Safeway Inc. (NYSE:SWY): Following their better than expected third quarter results, Cowen believes that Safeway Inc., over the next eighteen months, should outperform the market. The firm cited the roll out of their enhanced “Just for U” program and contributions from their non-grocery businesses including Blackhawk and PDC. Shares are Outperform rated.
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