Activision Blizzard ON THE MOVE as Expansion Date Nears and 4 Stock Analyses Turning Heads
Wal-Mart Stores Inc. (NYSE:WMT) estimates and price target were raised by JPMorgan after the company’s Q2 results. The firm maintains an Overweight rating on the name.
Wal-Mart Stores Inc. (NYSE:WMT): The company’s price target was also raised by Baird after Q2 results due to strong back- to-school trends, reduction in foreign capital expenditures, and continued improvement in US fundamentals. Shares have an Outperform rating.
Activision Blizzard, Inc. (NASDAQ:ATVI) reported higher Q2 EPS than expected, influencing Argus to increase its 2012 EPS estimate, which is still above the company’s increased guidance. The firm believes that the company’s earnings will rise at an average annual rate of about 15 percent throughout the next five years and it keeps a Buy rating.
Dendreon Corp. (NASDAQ:DNDN): Following meetings with management, Baird believes that investor exposure to Dendereon could be warranted due to a significant turnover in management along wih a credible turnaround plan for both the revenue and expense lines. Shares have a Neutral rating and a $8 price target.
Callidus Software Inc. (NASDAQ:CALD) indicated its expectations to gain growth and operating margin expansion over the medium term, and Roth Capital thinks that this information may cause the stock to seem more appealing to investors. The firm views the company’s new reseller agreement with Salesforce.com (NYSE:CRM) as a possible catalyst, and it keeps its Buy/Focus-List rating on Callidus.
Don’t Miss: Has Facebook Finally Found Its ANSWER?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.