Amazon Expected to Report In-Line and 4 Stock Analyses to Track
Baidu, Inc. (NASDAQ:BIDU): Current Price: $108.46
According to Piper Jaffray, the 2013 consensus earnings estimate for Baidu should be lowered to account for itss stepped up investment in the Baidu Union and in people. The firm’s 2013 earnings estimate for Baidu is $5.41, and the consensus estimate is at $5.94. Piper predicts that the consensus number will be reduced after Baidu’s earnings report on February 4, and the firm recommends purchasing the stock after the earnings announcement. Piper has given and Overweight rating and a $146 price target on the stock.
AK Steel Holding Corporation (NYSE:AKS): Current Price: $4.22
Goldman has decided to downgrade the U.S. Steel sector as a result of recent share strength and an oversupplied steel market. As part of this sector change, Goldman downgraded AK Steel and Century Aluminum (NASDAQ:CENX) to Sell from Neutral.
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Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR): Current Price: $28.51
According to Deutsche Bank, it is likely that The Street is underestimating the potential of Juxtapid and the firm sees an upside potential of at least 30 percent in Aegerion shares over the next 12 months. The firm keeps its Buy rating but raises its price target to $37 from $30 on the stock.
CSX Corp. (NYSE:CSX): Current Price: $22.26
Jefferies decided to increase its price target for CSX as a result of expectations that concerns regarding coal earnings risk will ease in 2013. The firm reiterates its Buy rating on the stock.
Amazon.com Inc. (NASDAQ:AMZN): Current Price: $283.91
Piper Jaffray predicts that Amazon.com will report in-line December quarter results on January 29, but it claims that the company’s March quarter revenue guidance may be 3 to 6 percent below the $16.9 billion consensus. Also, the firm notes that Amazon has guided below consensus expectations by 4 percent on average over the last five quarters. However, Piper increased its price target for Amazon shares to $329 from $297 due to its roadmap to dominate global eCommerce over the next decade and the firm keeps its Overweight rating on the stock.