Bottomline Technologies Inc. (NASDAQ:EPAY): Citing the company’s strong first quarter results, Needham raised their price target for Bottomline Technologies and reiterates a Buy rating on their stock.
Plexus Corp. (NASDAQ:PLXS): Needham said they were surprised that Juniper (NYSE:JNPR) dropped Plexus Corp. as a supply chain partner and they view the sell-off in shares as overdone. Needham thinks Juniper’s decision is not indicative of more systemic problems and keeps a Buy rating on the firm, despite lowering their price target for shares from $30 to $23.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Boeing Co. (NYSE:BA): Sterne Agee expects the margins at Boeing Co.’s Defense and Space unit to remain flat even if sequestration occurs. The firm maintains an $87 target and Buy rating on their stock.
Salix Pharmaceuticals Ltd. (NASDAQ:SLXP): Following lower than expected third quarter results, Brean Capital lowered their price target on Salix Pharmaceuticals Ltd. The firm cited higher costs and the potential for additional trials for their Relistor drug due to the fact that the Federal Drug Administration has voiced concerns regarding certain types of Relistor users. Shares remain Buy rated.
Don’t Miss: Will Boeing’s 777 Ever Get Off the Ground?