Active Stock Alerts: McDonald’s, American Express, Coinstar, Google, CF Industries June 7th
McDonald’s Corp. (NYSE:MCD): Deutsche Bank believes McDonald’s stable business model is being undervalued at current share levels and finds the risk/reward on the stock as attractive. The firm sees 20% potential upside coupled with 5% potential downside and maintains a Buy rating on the stock with a $100 price target.
American Express Company (NYSE:AXP): Citigroup believes American Express shares offer a compelling entry point at current levels and keeps a Buy rating on the stock with a $66 price target. Citi thinks American Express is positioned for upside following the recent pullback in shares.
Coinstar Inc. (NASDAQ:CSTR): Piper Jaffray said it has confirmed that Disney (NYSE:DIS) tried to move to a 28-day delay window with Coinstar’s (NASDAQ:CSTR) Redbox, but the terms were unacceptable to Redbox. Redbox is now implementing a workaround and should have Disney movies in kiosks roughly one week after the DVD release, Piper adds. The firm views the workaround as a slight negative and thinks Redbox would be open to a 28-day delay given the right terms. Piper keeps an Overweight rating on shares of Coinstar.
Google Inc. (NASDAQ:GOOG): Following news reports that Apple (NASDAQ:AAPL) may be replacing Google Maps (NASDAQ:GOOG) on the next version of the iPhone, Piper estimates the iPhone will provide about 2% of Google’s revenue in 2012. The firm believes the potential exclusion of Google Maps will not impact its iOS revenue estimate for Google, and expects the company to become more aggressive in offering mobile Apps on iPhone including Maps and Chrome. Piper keeps an Overweight rating on shares of Google with a $730 price target.
CF Industries Holdings, Inc. (NYSE:CF): Morgan Stanley continues to expect the nitrogen cycle to last longer than market expectations and for CF Industries to return more capital to investors than valuation reflects in the form of buybacks and a large dividend. Shares are Overweight rated with a $215 price target.
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