Apple Inc. (NASDAQ:AAPL): According to Pacific Crest, there has been a bigger than planned pause prior to the iPhone 5 debut. This is causing the firm to lower its Q3 iPhone estimate to 25.4M units from 27.2M and Q4 from 25.9M units to 22.2M. Pacific Crest still looks at Apple risk/reward as attractive and thinks iPhone 5 expectations will fuel shares. The firm rates Apple as Outperform.
Hexcel Corp. (NYSE:HXL): Needham thinks that the American Centrifuge Program might increase Hexcel’s backlog and looks at the pullback in shares of late as offering a good entry point into the name.
Oracle Corp.‘s (NASDAQ:ORCL) report of better than expected Q4 results drove RBC Capital to think the stock ought to be more positively positioned than it has been in recent quarters. RBC believes Oracle’s software business is still resilient, but holds to a $33 target and Sector Perform rating on its stock.
Alkermes, Inc. (NASDAQ:ALKS): According to Cowen, the pullback of late in Alkermes has opened a purchasing opportunity in spite of lowered guidance for next year. Cowen thinks the main parts of the company’s investment thesis holds, including Alkermes’ performance of essential products and its little valued pipeline. Shares are rated Outperform.
Lions Gate Entertainment Corp. (NYSE:LGF): Cowen is staying bullish on expectations for Lions Gate thanks to planned theatrical and home video releases and its new TV program starring Charlie Sheen, Anger Management. Shares of Lions Gate are Outperform rated.
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