Active Stock Alerts: Nike, Goldman Sachs, Fluor, Zynga, FedEx March 23rd
Nike Inc. (NYSE:NKE): Citigroup removed Nike from its Top Picks Live list following the company’s Q3 results citing a lack of near-term catalysts and the 15% year-to-date rally in shares. However, Citi reiterates a Buy rating on Nike with a $123 price target as it expects the company’s strong revenue growth to continue.
The Goldman Sachs Group, Inc. (NYSE:GS): Credit Suisse believes Goldman Sachs’ Q1 will equate to a strong revenue recovery vs 2H 2011 levels driven by a rebound in risky assets, credit spread tightening, and seasonality. Shares are Outperform rated with a $145 price target.
Fluor Corporation (NYSE:FLR): Credit Suisse attended a management meeting which they said the tone was “overwhelmingly positive.” The firm said there is growth across most segments with a high quality backlog and an improving competitive environment. Shares are Outperform rated with a $75 price target.
Zynga (NASDAQ:ZNGA): Stocks with implied volatility below IV index mean; Zynga (NASDAQ:ZNGA), Molycorp (NYSE:MCP) according to iVolatility.
FedEx Corporation (NYSE:FDX): After FedEx reported stronger than expected Q3 results, Wells Fargo thinks the company will benefit from strong demand for its ground delivery service and improved execution of its express services. The firm maintains an Outperform rating.
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