Abercrombie & Fitch, eBay, Baxter, Gannett, Cepheid Stock Analyst Alerts Mar. 6th
Abercrombie & Fitch Co. (NYSE:ANF): Cowen said they have more conviction in their investment thesis for Abercrombie & Fitch following a tour of overseas stores. The firm cited the company’s brand positioning, premium price points, and improved sales. Shares are Outperform rated.
eBay Inc. (NASDAQ:EBAY): Baird said its proprietary survey of eBay transaction data shows another solid month of growth in February. The firm said trends appear stable, expansion overseas such as in Israel, the potential roll out of PayPal in offline channels, and positive growth trends for eBay Marketplace. Shares are Outperform rated with a $40 price target.
Baxter International Inc. (NYSE:BAX): After speaking with the director of an Alzheimer’s clinic, RBC Capital quotes the director as saying that patients on Baxter’s IVIG treatment for Alzheimer’s show cognitive stability for a “prolonged” time period. The firm is “cautiously optimistic” that the drug can hit the primary endpoints of a Phase III trial, and it maintains an Outperform rating on the stock.
Gannett Co., Inc. (NYSE:GCI): After Gannett raised its dividend by 150%, Benchmark believes that the increase should sufficiently reward investors to wait for improved growth. The firm maintains an $18 target and Buy rating on the stock.
Cepheid (NASDAQ:CPHD): Credit Suisse’s checks indicate testing volume concerns are overdone and notes that competitor platform are multiple years away. The firm recommends using recent weakness as a buying opportunity and reiterates its Outperform rated with a $47 price target.
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