Active Stock Alerts: Motorola, Mylan, Valeant Pharmaceuticals, Chesapeake, Exlservice Holdings May 3rd
Motorola, Inc. (NYSE:MSI): After Motorola Solutions reported higher than expected Q1 EPS, Argus thinks that the shares are poised to advance because its earnings are growing faster than its stock price. The firm maintains a Buy rating on the stock.
Mylan, Inc. (NASDAQ:MYL): Argus believes that Mylan has reported strong results recently, and the firm sees several upcoming positive catalysts for the stock. Argus maintains a $27 target and Buy rating on the shares.
Valeant Pharmaceuticals International (NYSE:VRX): Valeant shares defended at Jefferies
Chesapeake Energy Corporation (NYSE:CHK): After Chesapeake reported lower than expected Q1 EPS, Argus lowered its 2012 EPS estimate on the company to 75c from $1.40. The firm believes that the company’s spending levels are unsustainable, and thinks that it appears more likely to sell off more lucrative, liquids gas assets. The firm maintains a Sell rating on the shares.
Exlservice Holdings, Inc. (NASDAQ:EXLS): Wells Fargo thinks that the 15% decline in the Q1 revenue of ExlService’s Transformation business was caused by client timing issues. The firm expects the business to rebound in Q2, and its checks on the BPO market remain positive. The firm maintains an Outperform rating.
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