Active Stock Alerts: Apple Inc, Carbonite, Genpact March 20th
Carbonite Inc. (NASDAQ:CARB): William Blair says shares of Carbonite trade well below the Software-as-a-Service group despite solid fundamentals. The firm finds the valuation very attractive at current levels and remains a buyer of the stock with an Outperform rating.
Genpact Ltd. (NYSE:G): After meeting with management, William Blair believes Genpact’s quarter is tracking well due to an improving demand environment. The firm sees potential upside to 2012 estimates given the company’s conservative guidance and remains a buyer of the stock with an Outperform rating.
Apple Inc. (NASDAQ:AAPL): Citigroup raised its estimates and price target for Apple to reflect product demand, future product cycles, and the company’s dividend/share repurchase announcement. Citi thinks Apple’s March quarter is tracking better than expected and feels the stock’s valuation remains conservative despite a 48% year-to-date rise. The firm reiterates a Buy rating on the stock after upping its price target for shares by $100 to $700.
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