Active Stock Alerts: General Electric, Liquidity Services, eLong, Cognizant Technology, Zumiez May 18th
General Electric Co. (NYSE:GE): Morgan Stanley said General Electric’s accelerated share buyback is bullish and reiterates its Overweight rating and $21 price target.
Liquidity Services, Inc. (NASDAQ:LQDT): Oppenheimer believes that Liquidity Services’ 6.5% decline yesterday was overdone, as there was false speculation about an SEC probe. The firm notes that company board members sold shares, but that this selling came after the stock jumped 57% year to date. The firm maintains its $72 target on the shares and reiterates an Outperform rating.
eLong Inc. (NASDAQ:LONG): Brean Murray lowered its price target on eLong following Q1 results given lower than expected revenues and an increase in investment. The firm maintains its Buy rating as they remain positive on the company’s growth strategy and management execution and said they see significant value to be unlocked down the road.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH): After Cognizant’s stock dropped about 19% since mid-April, Oppenheimer thinks that concerns about the company are overdone. The firm believes that the decline has created a very favorable buying opportunity, and it reiterates a $72 price target and Outperform rating on the shares.
Zumiez, Inc. (NASDAQ:ZUMZ): After Zumiez reported stronger than expected Q1 results, Oppenheimer believes that the company’s Q2 guidance is conservative, and the firm reiterates its $40 price target and Outperform rating on the stock.
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