Active Stock Alerts: Coinstar, Zynga, Shutterfly, Lions Gate, TCF March 2nd
Coinstar Inc. (NASDAQ:CSTR): Piper Jaffray’s channel checks indicate Coinstar’s Redbox kiosks have solid availability of new Warner Brothers’ movies, indicating the workaround for the studio’s titles are not an issue in Q1. The firm maintains an Overweight rating on Coinstar shares with a $68 price target.
Zynga (NASDAQ:ZNGA): Piper Jaffray believes Zynga’s business strategy is moving towards partnering with third-party game developers with the launch of Zynga.com. The firm expects the new website to be accretive beginning in the June quarter and reiterates an Overweight rating on Zynga shares with a $16.50 price target.
Shutterfly, Inc. (NASDAQ:SFLY): Janney said Shutterfly’s (NASDAQ:SFLY) acquisition of Kodak’s online phone service business should be 10c-15c accretive to 2012 EPS and believes the deal could reduce industry pricing pressure. The firm believes the deal provides long-term revenue and cost synergies and reiterates its Buy rating.
Lions Gate Entertainment Corp. (NYSE:LGF): Piper Jaffray raised its price target for Lions Gate after increased its expectations again for Hunger Games. The firm thinks the stock is going higher and keeps an Overweight rating on the name.
TCF Financial Corporation (NYSE:TCB): Oppenheimer believes that TCF could benefit from its expansion into specialty lending areas later this year. The firm adds that consumers could become more receptive to the bank’s new products in Q2, and Oppenheimer maintains an Outperform rating on the stock.
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