Active Stock Alerts: Salesforce.com, Medivation, URS, Gulfport May 9th
Salesforce.com (NYSE:CRM): Morgan Stanley said Salesforce.com’s sales force automation opportunity is larger than investors expect, as much as 4x-7x larger, driven by social and mobility. The analyst has increased confidence in its 25% or better billings growth and reiterates its Overweight rating and $165 price target.
Medivation, Inc. (NASDAQ:MDVN): Brean Murray raised its price target on Medivation following Q1 results. The company reported record revenues and expects enzalutimide to launch in Q4 adding to revenues. Shares are Buy rated.
URS Corporation (NYSE:URS): After URS reported higher than expected Q1 adjusted EPS, Sterne Agee expects the company’s performance to improve in 2H12. The firm thinks that the stock is undervalued and maintains a $56 target and Buy rating.
Gulfport Energy Corp. (NASDAQ:GPOR): After Gulfport reported lower than expected Q1 EPS, Sterne Agee believes that the stock has already baked in lower expectations. The firm sees no underlying asset degradation and maintains a $44 target and Buy rating.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.