3M, SanDisk, Symantec, Under Armour, Monster Among Hot Stocks Jan 26th
3M Company (NYSE:MMM): Says Electronics industry still adjusting inventories; toughest optical film comps in Q1. Says Western Europe continues to contract,China growth slower in 1H, re-accelerates in 2H. Estimating Q1 early retirement/restructuring costs of (4c) per share; reflected in EPS guidance. Says well positioned for a successful 2012. Comments from slides that will be presented on the Q4 earnings conference call. Shares of 3M Company are trading 1.17% higher today.
SanDisk Corporation (NASDAQ:SNDK): Morgan Stanley views SanDisk’s guidance as conservative and would use weakness as a buying opportunity. Shares are Overweight rated with a $70 price target. Shares of SanDisk Corporation are trading 10.21% lower today.
Symantec Corporation (NASDAQ:SYMC): CLSA downgraded Symantec citing headwinds from developed market PC weakness, FX, and competition. Price target lowered to $20 from $24. Shares of Symantec Corporation are trading 1.05% lower today.
Under Armour Inc (NYSE:UA): The company had seen 2012 revenue growth at the high-end of 20%-25% view. Shares of Under Armour Inc are trading 5.02% lower today.
Monster Worldwide, Inc. (NYSE:MWW): Sees Q1 revenue down 3%-7% compared to 1Q11’s $253M vs. consensus $262.41M. Shares of Monster Worldwide, Inc. are trading 17.37% lower today.
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