Cincinnati Bell Inc. (NYSE:CBB): With an initial public offering of its data center subsidiary, Cyrus One, possibly in the fourth quarter of this year or the first quarter of 2013, Benchmark Co. believes that Cincinnati Bell will file their first S-11. The firm believes that this filing could send shares of Cincinnati Bell higher, and expects a successful IPO that unlocks monetary value for their shareholders. The firm keeps a Buy rating on the stock with a $6 price target.
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Smithfield Foods Inc. (NYSE:SFD): Based on higher grain costs, Credit Suisse has lowered Smithfield estimates. Shares are Outperform rated with a $25 price target, and are down from $29.
Caterpillar Inc. (NYSE:CAT): Due to weakening U.S. growth and lack of a turnaround by emerging markets, Credit Suisse has lowered their near-term Caterpillar estimates. Shares are Outperform rated.
Select Comfort Corporation (NASDAQ:SCSS): Piper Jaffray believes that shares have overreacted to the downside following Tempur-Pedic’s (NYSE:TPX) negative pre-announcement. Piper expects Select Comfort (NASDAQ:SCSS) to report favorable second quarter results. He thinks that mattress industry sales have remained healthy and reiterates an Overweight rating on Select Comfort with a $41 price target.
Catamaran (CTRX): Jefferies believes that the recent pullback in shares of Catamaran (CTRX), formerly known as SXC Health (NASDAQ:SXCI), presents an opportunity to build positions on the name. The firm sees an upside to Street expectations and has raised their price target for shares from $110 to $117. A Buy rating is reiterated on the name.
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