Active Stock Alerts: Xerox, priceline.com, The Chefs Warehouse, Estee Lauder, Joy Global May 7th
priceline.com Incorporated (NASDAQ:PCLN): JPMorgan expects Priceline.com to report strong Q1 results on Wednesday, May 9, and raised its estimates and price target for the company ahead of the report. The firm keeps an Overweight rating on the stock.
Xerox Corp. (NYSE:XRX): Brean Murray said the Xerox earnings and shares could be setting up nicely for appreciation citing the company’s conviction of better than expected revenue growth, improved operating margins, and increased cash flow. Shares are Buy rated.
The Chefs Warehouse, Inc (NASDAQ:CHEF): After Chef’s Warehouse reported weaker than expected Q1 results and the stock fell about 20% on Friday, BMO Capital continues to like the company’s long-term outlook, and maintains a $26 target and Outperform rating.
Estee Lauder Companies Inc. (NYSE:EL): After Estee Lauder reported higher than expected Q3 EPS but provided lower than expected Q4 EPS guidance, BMO Capital thinks that the company is poised to generate 10% organic sales and margin growth over the next several years. The firm believes that the stock’s valuation is attractive following its decline on Friday.
Joy Global, Inc. (NASDAQ:JOY): Barclays said recent weakness in Joy Global (NASDAQ:JOY) and Caterpillar (NYSE:CAT) is being opportunity. The firm expects mining capex and backlog to offset commodity prices and project pipeline investments.
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