J.C. Penney (NYSE:JCP): Maxim is holding off on considering J.C. Penney a turnaround play, and says that the stock remains too expensive at its current levels. Costs associated with borrowings and discounting are not yet priced into the shares, and it maintains a Sell rating on the stock with a $10 price target.
NXP (NASDAQ:NXPI): Sterne Agee is playing it safe, and says that semiconductor shares should be bought after the quarterly results. However, after strong quarterly results from NXP, along with better than expected guidance, the firm thinks the company’s valuation is very attractive.
McKesson (NYSE:MCK): RW Baird says street expectations may prove to be conservative, and has accordingly raised its price target from $118 to $120 ahead of the quarterly results that are slated for a May 7 release. The firm expects an in-line quarter, and see several chances to support earnings near-term, and would be aggressive buyers if the assumptions hold. Its rates the company at Outperform.