Analyst Alerts: EPAM, Altria, Visa, Huntington Bancshares, Quicksilver May 16th
Visa, Inc. (NYSE:V): Deutsche Bank believes recent concerns around Visa’s Q2 results have created a buying opportunity. After meeting with management, Deutsche believes the company’s transaction volumes excluding U.S. Debit remain robust. The firm keeps a Buy rating on the stock with a $135 price target.
EPAM Systems Inc (NYSE:EPAM): Citigroup added EPAM Systems to its Top Picks Live list citing an attractive entry point following the recent pullback in shares. The firm keeps a Buy rating on the stock with a $23 price target.
Altria Group Inc. (NYSE:MO): Deutsche Bank says a price war among the big three cigarette manufacturers is unlikely despite current promotions and trade-downs by consumers. The firm believes Altria (NYSE:MO), Lorillard (NYSE:LO) and Reynolds American (NYSE:RAI) should be able to make profit targets.
Huntington Bancshares Inc. (NASDAQ:HBAN): Huntington Bancshares added to Current Favorites List at Raymond James
Quiksilver Inc. (NYSE:ZQK): Jefferies notes that JC Penney (NYSE:JCP) announced, among other things, the introduction of Quiksilver’s (NYSE:ZQK) DC brand to its stores for Fall 2012. The firm says that while an exciting prospect, this development was embedded into Quiksilver management’s outlook. Jefferies keeps a Buy rating on Quiksilver shares with a $5.50 price target.
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