Active Stock Alerts: Dish Network, Federal Realty, Cognizant, Wynn Resorts, Synchronoss May 8th
Dish Network Corp. (NASDAQ:DISH): After DISH Network reported higher than expected Q1 EPS, Wells Fargo believes that the company is taking several steps that will reduce its programming costs. The firm expects the company to effectively monetize its new network over time, and it maintains an Outperform rating on the shares.
Federal Realty Investment Trust (NYSE:FRT): Wells Fargo increased its valuation range on Federal Realty after the company reported higher than expected Q1 FFO per share. The firm maintains an Outperform rating.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH): After Cognizant lowered its FY12 EPS guidance, BMO Capital thinks that the company may report lower than expected 2H12 revenue. The firm lowered its target on the stock to $65 from $76 and thinks the stock will remain in the penalty box in the short-term, but it maintains an Outperform rating on the shares.
Wynn Resorts Ltd. (NASDAQ:WYNN): UBS raised its price target on Wynn Resorts following Q1 results citing record VIP volumes in Macau and the Okada redemption adjustment that was previously not in their estimates. Shares are Buy rated.
Synchronoss Technologies, Inc. (NASDAQ:SNCR): Lazard Capital considers the reduction in Synchronoss’ AT&T contribution as temporary and believes the sell-off in the stock post earnings is overdone. The firm lowered its price target for Synchronoss shares to $38 from $43 but maintains a Buy rating on the name.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.