Active Stock Alerts: Manpower, Harley-Davidson, Sunoco, Wal-Mart April 23rd
Wal-Mart Stores Inc. (NYSE:WMT): Citigroup recommends using any weakness today in shares of Wal-Mart following the New York Times’ bribery story about Walmex as a buying opportunity. After speaking to Wal-Mart, Citigroup believes management is dedicated to a thorough and transparent review of the allegations. Citi keeps a Buy rating on the stock with a $69 price target.
Manpower Inc. (NYSE:MAN): Deutsche Bank said it likes shares of Manpower following the company’s Q1 results and maintains a Buy rating on the stock with an increased price target.
Harley-Davidson, Inc. (NYSE:HOG): Citigroup says shares of Harley-Davidson rallied Friday after an analyst stated the motorcycle industry released Harley-Davidson’s Q1 retail sales of up 26%, well above street expectations in the mid-teen range. Citi thinks the strong U.S. retail sales strength it was expecting is now priced into the stock, but continues to like shares of Harley-Davidson over the next few quarters. The firm’s latest channel checks indicate Harley-Davidson’s April U.S. retail sales are trending up 10%-15% and it keeps a Buy rating on the stock.
Sunoco Inc. (NYSE:SUN): Citigroup believes the accounting affects of refining are covering up the real earnings and cash flow power of Sunoco, creating an information void in the company’s story. Citi estimates estimates Sunoco’s long-term earnings power at $3.50 per share and thinks the company could increase its dividend to up to $2.40 per share within the next 24 months. The firm raised its price target for shares and keeps a Buy rating on the name.
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