Level 3 Communications Inc. (NASDAQ:LVLT): After the company reported a significantly lower than expected second quarter EPSDA, Davidson reduced the target on Level 3 Communications Inc. However, the firm believes that order trends are encouraging and a Buy rating is reiterated on their stock.
Akamai Technologies Inc. (NASDAQ:AKAM): According to Cowen, Akamai Technologies Inc., has reported sound second quarter results. They believe that these strong fundamental trends should lead to future higher earnings revisions. The firm cited strong traffic, cash flow, and revenue growth in their cloud infrastructure. Shares are Outperform rated.
Shutterfly, Inc. (NASDAQ:SFLY): In spite of discounted prices from competitors, Cowen said that Shutterfly, Inc. has shown vigorous growth. The firm cited strong top-line growth, higher enterprise printing revenues, and new marketing partnerships. Cowen said revenue estimates could move higher if Shutterfly’s competitors reduce their holiday discounting. Shares are Outperform rated.
Delta Air Lines Inc. (NYSE:DAL): In order to reflect a lower global macro economic forecast, Goldman has lessened their Delta Air Lines estimates. The firm reiterates their Sell rating and lowered their price target from $9.30 to $9 .
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