Viacom, Inc. (NASDAQ:VIAB) price target has been increased by Deutsche Bank due to its expectations that ratings for Nickelodeon continue to improve. The firm reiterates its Buy rating on the stock.
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Norfolk Southern Corp. (NYSE:NSC) estimates have been reduced by Deutsche Bank, who also reduced its estimates for CSX (NYSE:CSX) and Union Pacific (NYSE:UNP) after Norfolk Southern lowered its own Q3 outlook. The firm has decided to maintains a Hold rating but lowers its price target to $78 from $84 on the stock. According to Deutsche, Union Pacific continues to be its favorite railroad stock.
CUI Global (NASDAQ:CUI): CUI Global, Inc. (CUI), which is a subsidiary CUI Inc, entered into a license agreement with Ericsson (NASDAQ:ERIC) for its digital Advanced Bus Converter family that previously provide unprecedented performance to system architects working on the development of equipment for the ICT (Information and Communication Technology) market. The license agreement should allow original equipment makers to address challenges regarding operation, minimize the time to market, and lower supply chain risk for the innovative digital products.
Groupon Inc (NASDAQ:GRPN): According to Piper Jaffray, it has gained far more positivity on Groupon shares after the Payments announcement yesterday. Piper thinks that the new feature causes Groupon to be more attractive for merchants, but the firm keeps a Neutral rating and a $6 price target on the stock.
Intel Corporation (NASDAQ:INTC): Piper Jaffray states that it heard from various contacts that Intel is currently working on a direct to OEM foundry partnership with Cisco (NASDAQ:CSCO) for the supply custom silicon. Piper does not believe that near-term revenue will not be gained from the deal, but the firm thinks of it as a $1 billion opportunity and a turn toward the right direction for Intel. The firm maintains its Neutral rating and a $22 price target on the stock.
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