Qlik Technologies, Inc. (NASDAQ:QLIK): Baird reduced its price target on Qlik after the company’s negative Q2 pre-announcement. Baird referenced material tightening in Europe, the possible effect of Europe on U.S. demand, and a move toward bigger deals. Baird holds to believing in Qlik’s long-term prospects and maintains its Outperform rating.
Bebe Stores, Inc. (NASDAQ:BEBE): Following the announcement of lower than hoped Q4 comps, Roth Capital believes Bebe Stores’ assortment changes are shifting the company in the right direction. Roth is positive regarding Bebe’s long-term outlook. Roth notes the retailer held to its Q4 EPS guidance of 2c-4c, and repeats its $12 target and Buy rating on the shares.
Dover Corp. (NYSE:DOV): Baird reduced its price target on Dover after management’s lowered guidance. Baird referenced European weakness, currency translation headwinds, and the timing of orders in its decision. Shares of Dover are rated neutral.
Stanley Black & Decker, Inc.‘s (NYSE:SWK) valuation is coming to be attractive after weakness of late, says Morgan Stanley, but the firm predicts a Q2 miss and downside to 2012 guidance. Morgan Stanley rates shares an Equal Weight and hopes to see heightened visibility into the 2H 2012 outlook.
Las Vegas Sands Corp. (NYSE:LVS): JPMorgan reduced its price target for shares of Las Vegas Sands following a cut to its Macau EBITDA estimates for the company. But the firm reiterates an Overweight rating on the stock due to valuation and negative investor sentiment.
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