Advance Auto Dubbed Top Idea and 4 Stock Analyses to Follow
Linkedin Corporation (NYSE:LNKD): Current Price: $146.96
Piper Jaffray decided to increase its price target on the stock after its Q4 results, and it reiterates its Overweight rating on the stock. Piper believes that LinkedIn continues to be in the early stages of monetizing its professional network asset, and it claims that the company has the ability to keep growing in the mid-double digit range for the next three years.
Weatherford International Ltd. (NYSE:WFT): Current Price: $13.18
Wells Fargo raised its valuation range on Weatherford due to the fact that the company trades at a discount to its peers, but the firm believes that Weatherford will be able to prove to investors that it is making a comeback during 2013. The firm keeps its Outperform rating on the stock.
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Con-way Inc. (NYSE:CNW): Current Price: $34.04
Baird increased its price target on Con-way after its Q4 results due to the company’s firming freight volumes, expectations for stable March demand, and improved LTL pricing. Shares have an Outperform rating.
Advance Auto Parts Inc. (NYSE:AAP): Current Price: $78.24
Baird continues to name Advance Auto Parts as a top value idea for 2013 although it reported weak revenue numbers. The firm believes that Q2 will be an inflection for sales, keeps its theme of vehicle replenishment, notes steady industry fundamentals and valuation for its Outperform rating, and gives the shares a $90 price target.
Microchip Technology Inc. (NASDAQ:MCHP): Current Price: $36.50
Susquehanna has increased its price target on the company in order to reflect better than expected accretion from SMSC, margin leverage, and expectations for a moderate recovery. The firm gives Microchip Technology shares a Positive rating.