Analyst Alerts: BUY Sprint, Note Changes on These 4 Stocks
Vale S.A. (NYSE:VALE): The fall in shares and the attractive dividend yield give cause to Citigroup to include the stock on its Top Picks Live List for Latin America, and add a Buy rating with a PT of $26.
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Sprint Nextel Corp. (NYSE:S): Citigroup justifies its BUY rating on the stock and a $6 price objective with good Q2 results driven by excellent performance from its core wireless business. According to Citi, Sprint is at the tipping point of realizing the benefits from the modernization of its network, and is likely on track to retire its iDEN sites.
Teva Pharmaceutical Industries Limited (NASDAQ:TEVA): Deutsche projects a 10:3 risk reward ratio on Teva’s shares at the current prices – it keeps a BUY on the stock and a PT of $48. Shares have an upside potential of $10 and risk of loss of only $3 from here on.
Rackspace Hosting, Inc (NYSE:RAX): Worries on the growth in the near term of the cloud business have resulted in the recent 29 percent fall in the company’s shares, according to Benchmark Co. The firm also views any adverse impact of the hosting company’s transition to OpenStack as only temporary, and thinks the company maybe a takeover candidate. Nevertheless, Benchmark lowers its price target from $66 to $63, keeping the Buy rating on the stock intact.
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