Active Stock Alerts: Family Dollar, Rackspace Hosting, Swift, Grand Canyon Education, Dendreon May 8th
Family Dollar Stores Inc. (NYSE:FDO): JPMorgan raised its price target for Family Dollar after speaking with the company’s new COO and reiterates an Overweight rating on the stock.
Rackspace Hosting, Inc (NYSE:RAX): After Rackspace reported in-line Q1 revenue, Stifel Nicolaus still believes that the company’s revenue growth is solid, while most of the company’s metrics are positive. The firm doesn’t believe that the company’s EBITDA miss reflects a change in its profitability outlook, and Stifel reiterates a Buy rating on the shares.
Swift Energy Co. (NYSE:SFY): Brean Murray lowered its price target on Swift Energy following last week’s earnings miss. The shares have been weak as investors are concerned about the company’s capital efficiency and its back end loaded ramp in crude oil volume growth. Brean Murray lowered its price target to reflect mid-cycle reductions in oil and gas price deck. Shares remain Buy rated.
Grand Canyon Education, Inc. (NASDAQ:LOPE): After Grand Canyon reported stronger than expected Q1 results and raised its FY12 EPS guidance, Stifel Nicolaus believes that the stock can advance further and maintains a Buy rating.
Dendreon Corp. (NASDAQ:DNDN): Brean Murray lowered its price target on Dendreon following Q1 results due to the high cost of goods sold, which is a roadblock to being cash flow positive. The firm also believes growth of Provenge will remain in the single digits prolonging profitability until 2015 at the earliest and will face additional acceptance hesitation with the approval of Zytiga which is a pre-chemo drug. Shares are Sell rated.
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