Applied Micro Circuits Corp. (NASDAQ:AMCC) is predicted by Sterne Agee to break even for its EPS for its March quarter following five quarters of losses. The firm continues to be convinced that the company possesses good near-term visibility as its new products are currently in the position to ramp well. The firm keeps its $9 price target on the stock.
Penn National Gaming Inc. (NASDAQ:PENN) has been named a high conviction idea by JPMorgan heading into 2013, and it views the risk/reward on shares as favorable. The firm gives the stock an Overweight rating and a $61 price target.
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Nokia Corporation (NYSE:NOK): Pacific Crest conducted checks that caused it to think that sales of Nokia’s Lumia 820 and Lumia 920 continue to be modest. The firm keeps its Sector Perform rating on the stock.
Apple Inc. (NASDAQ:AAPL): After the firm conducted checks, Sterne Agee is convinced that sales of Apple’s iPad potentially may miss expectations. The firm still thinks that the company’s iPhone sales and gross margins have the potential to exceed expectations, and it keeps its Buy rating and an $840 price target on the stock.
AnnTaylor Stores Corp. (NYSE:ANN) shares are viewed by Cowen as being oversold near-term, but the firm continues to stand to the side after yesterday’s Spring Preview. The firm predicts that the company will experience difficult comps and margin expansion during 2013, causing it to keep its Outperform rating on the stock.