Chico’s FAS Inc. (NYSE:CHS): JPMorgan continues to recommend accumulation of Chico’s FAS shares at current levels after meeting with management and keeps an Overweight rating on the stock.
Apple Inc. (NASDAQ:AAPL): Canaccord’s May channel checks indicate iPhone 4s sales are slowing ahead of the iPhone 5 launch but it still remains the top selling U.S. smartphone. The analyst continues to believe Apple is well positioned for strong 2012/13 sales and earnings growth driven by new products. Shares are Buy rated with a $775 price target.
Starbucks Corp. (NASDAQ:SBUX): After Starbucks announced that it would acquire Bay Bread for $100M, Bernstein believes that the deal will drive incremental traffic and comp increases for Starbucks over time. The firm expects the deal to be accretive over the longer term and it maintains an Outperform rating on the stock.
Dollar General Corporation (NYSE:DG): After Dollar General reported higher than expected Q1 adjusted EPS but didn’t increase its full-year comp guidance, BMO Capital believes that the company’s guidance is conservative. The firm raised its estimates and reiterates an Outperform rating.
ON Semiconductor Corp. (NASDAQ:ONNN): JPMorgan says ON Semiconductor’s CFO Donald Colvin reiterated during meetings last week that the company’s restructuring is on track and demand has returned to normal seasonality. JPMorgan believes ON has among the most upside to consensus estimates of any name it covers and keeps an Overweight rating on the stock.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.