RealD Inc. (NYSE:RLD) has been added to B. Riley Caris’s Focus List due to improved near-term outlook along with expectations for a significant ramp in 2013 3D movie releases. The firm gives a Buy rating and a $16 price target on the stock.
Morgan Stanley (NYSE:MS): According to CLSA, Morgan Stanley is the cheapest bank when considering franchise value along with the idea that ultimately the company intends to aggressively minimize its fixed income business, improving ROE. The shares have a Buy rating.
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Capital One Financial Corp. (NYSE:COF): CLSA has named Capital One as a top 2013 pick for multiple appreciation considering the company’s operating earnings improvements, repurchases, and improving visibility. Shares have a Buy rating and a $75 price target, from $69.
Google Inc. (NASDAQ:GOOG) Q4 EPS estimate has been reduced by Oppenheimer to below consensus levels, as a result of higher than expected subsidies for Nexus tablets along with a rise in the firm’s TAC estimate resulting from greater use of Apple’s (NASDAQ:AAPL) mobile products for search than previously predicted. Furthermore, the firm lowered its 2013 estimates for Google as it keeps its Perform rating on the stock.
Abbott Laboratories (NYSE:ABT) decided to spin off its proprietary pharmaceuticals business, causing Wells Fargo to view the new Abbott’s stock as attractive, mainly because of what the firm sees as the company’s above-average top- and bottom-line growth outlook along with significant margin expansion opportunities. The firm decided to reduce its valuation range for the stock to $33-$34 from $71-$74 as a way to show the spin-off, and it keeps its Overweight rating on the stock.
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