Active Stock Alerts: Accenture, Research In Motion, American Express, LogMeIn March 23rd
Accenture plc (NYSE:ACN): Citigroup believes Accenture reported solid Q2 results and that near-term demand concerns are unwarranted. The firm upped its price target and maintains a Buy rating on the name.
Research In Motion Limited (NASDAQ:RIMM): Citigroup expects Research in Motion to report in-line quarterly results on March 29 with guidance that will likely disappoint. The firm thinks RIM is facing severe challenges and a lack of visibility given the new phone launch in the second half of 2012. Citi believes fundamentals at Research in Motion will get worse from here and maintains a Sell rating on the stock with a $12 price target.
American Express Company (NYSE:AXP): Goldman believes American Express is executing on its expense plan and capital actions. Shares are Buy rated.
LogMeIn, Inc. (NASDAQ:LOGM): Piper Jaffray believes recent investor concerns are overblown relating to LogMeln’s potential litigation expenses if 01 Communique wins an ongoing appeal and the switch to a freemium model for Ignition. The firm thinks the company’s core business fundamentals remain strong and continues to view LogMeIn as a long-term iPad play. Piper keeps an Overweight rating on the stock with a $50 price target.
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