St. Jude Medical Inc. (NYSE:STJ): After it met with management, Piper Jaffray thinks that the market has overreacted to headlines that covered St. Jude Medical’s recent FDA 483 warning letters for its manufacturing facilities. Piper is convinced that there is no current case to be made for a probsble product recall, and the firm believes that current share levels are an attractive point. The firm keeps its Overweight rating and a $48 price target on the stock.
Perfect World Co., Ltd. (NASDAQ:PWRD): According to Piper Jaffray, Perfect World possesses a strong game pipeline eventhough the company showed disappointing Q4 guidance. Piper views Perfect World’s margins as having reached their lowest, and the firm keeps its Overweight rating and reduces price target to $17 on the stock.
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Fortinet Inc. (NASDAQ:FTNT): Stifel met with Fortinet executives, and the firm thinks that investors’ concerns regarding the stock is overblown. The firm keeps its Buy rating and a $28 price target on the stock.
CH Robinson Worldwide Inc. (NASDAQ:CHRW) current risk/reward profile is viewed by FBR Capital as being compelling, and the firm keeps its Outperform rating on the stock after it visited the company’s headquarters last week.
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