Acuity Brands, Inc. (NYSE:AYI): Following channel checks that indicate improving demand and pricing growth, Baird raised their price target on Acuity Brands, Inc. The firm also cited valuation, cyclical growth prospects and scarcity value. Shares are Outperform rated.
McDonald’s Corp. (NYSE:MCD): Bernstein expects McDonald’s Corp. to continue being bothered by macro difficulties outside the United States and increased competition within the country. The firm indicated that they do not expect the stock to rise significantly and they maintain a Market Perform rating on the shares.
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eBay Inc. (NASDAQ:EBAY): Following the results of their transaction survey which showed another solid month of growth, Baird raised their price target on eBay Inc. The firm believes the company had a solid finish to their fourth quarter and that a solid e-commerce data has positive implications for PayPal. Shares are Outperform rated with a $60 price target, up from $58.
McKesson Corporation (NYSE:MCK): Cowen believes that McKesson Corporation is well-positioned for 2013 and named it a Top Distributor pick, noting contributions from their recent acquisitions, strong relative earnings growth, and share repurchases. The firm rates shares as Outperform.
Endologix Inc. (NASDAQ:ELGX): Stephens believes that Endologix Inc.’s new Chief Financial Officer, Shelley Thunen, has extensive medical technology industry experience. The firm is upbeat on the company’s outlook and has selected it as a best idea for 2013. They reiterate an Overweight rating on the shares.
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