Allergan Target Raised and 4 Stock Analyses Making Rounds
Allergan Inc. (NYSE:AGN): Current price $107.69
Citigroup raised their price target for Allergan, citing strong growth in the company’s core franchises. They keep a Buy rating on the stock.
IAC/InterActiveCorp. (NASDAQ:IACI): Current price $43.60
Deutsche Bank believes IAC/InterActivCorp.’s fourth quarter results showed positive trends and points out the company’s operating income before amortization growth guidance for 2013 is largely unchanged. The firm said that shorts in the stock could face a no-catalyst trade from here and maintains a Buy rating on the name in spite of lowering their price target for shares from $67 to $62 .
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Tangoe Inc. (NASDAQ:TNGO): Current price $15.26
Deutsche Bank said their channel checks ahead of Tangoe Inc.’s fourth quarter results confirm the company’s strong industry position and continuing momentum. The firm expects Tangoe to report fourth quarter results ahead of the consensus estimates and reiterates a Buy rating on the stock with a $28 price target.
Wabash National Corp. (NYSE:WNC): Current price $9.84
After the company’s fourth quarter results, FBR Capital recommends using the sell-off in shares of Wabash National Corp. as a buying opportunity. FBR believes Wabash reported solid fourth quarter results and said that the company’s 2013 outlook understates their prospects. The firm reiterates an Outperform rating on shares with a $17.50 price target.
Intuitive Surgical, Inc. (NASDAQ:ISRG): Current price $568.83
William Blair said their analysis and channel checks indicate that Intuitive Surgical can meet or beat their 2013 procedure growth guidance of 20%-23% and sustain roughly 20% growth for the next several years. The firm recommends for investors to add positions more aggressively on any pullbacks and keeps an Outperform rating on the stock.