Active Stock Alerts: Expeditors, True Religion, JPMorgan, DaVita, Carpenter Technology May 22nd
Expeditors International of Washington Inc. (NASDAQ:EXPD): Baird lowered its price target on Expeditors following an 8K filing showing there is continued pressure on the company’s airfreight volumes and yields. Shares remain Outperform rated.
True Religion Apparel Inc. (NASDAQ:TRLG): Brean Murray said True Religion continues to take market share in the premium denim market and is taking steps to revive the women’s business and international markets. The firm said the company is also focused on controlling expenses and driving efficiencies and thus maintains its Buy rating and $37 price target.
JPMorgan Chase & Co. (NYSE:JPM): Baird lowered its price target on JP Morgan but said the risk/reward is compelling and the core business remains intact. Although the company discontinued its stock buyback program the dividend remains intact making it one the firm’s most attractive ideas. Shares remain Outperform rated.
DaVita, Inc. (NYSE:DVA): After DaVita announced that it would acquire HealthCare Partners for $4.42B, Wells Fargo thinks that DaVita did the deal primarily to grow the HCP business by acquiring physician practice groups, and the firm thinks that DaVita’s growth will accelerate as a result of the deal. Due to what Wells sees as HealthCare’s stable, strong cash flow, Wells Fargo sees little downside to the transaction for DaVita, and it maintains an Outperform rating on the stock.
Carpenter Technology Corp. (NYSE:CRS): Cwoen said the recent sell-off in Carpenter Technologies has created an attractive entry points citing leverage to the aero fastener upswing. The firm said the company has an above average growth rate and visibility and maintains its Outperform rating.
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