Analyst Alerts: Avago Techn, Urban Outfitters, American Tower, QUALCOMM, Expeditors May 22nd
Avago Technologies Limited (NASDAQ:AVGO): Jefferies believes expectations are low into Avago’s Q2 results and said it is a buyer of the stock into the earnings call. The firm keeps a Buy rating on the name with a $43 price target.
Urban Outfitters Inc. (NASDAQ:URBN): Jefferies says Urban Outfitters’ slightly better than expected Q1 results were helped by favorable weather and that its Q2 looks more challenging. The firm believes the company’s turnaround is still not in sight and continues to recommend avoiding the stock. Jefferies reiterates an Underperform rating on shares of Urban Outfitters with a $17 price target.
American Tower Corp. (NYSE:AMT): Morgan Stanley views American Tower’s valuation as attractive and sees upside from the Clearwire & T-Mobile LTE buildouts and the potential T-Mobile tower sale. Shares are Overweight rated with a new price target of $70, up from $67.
QUALCOMM Incorporated (NASDAQ:QCOM): Berstein said Qualcomm weakness is a buying opportunity given the company’s secular growth prospects. Shares are Outperform rated with a $75 price target.
Expeditors International of Washington Inc. (NASDAQ:EXPD): William Blair says Expeditors indicated last night in a regulatory filing that its soft Q1 trends continued into April and may persist in the short-term. However, the firm believes most investors anticipated a weak environment in Q2 and continues to feel the stock is attractive at current levels.
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