Analyst Alerts: Given Imaging, China Lodging Group, Activision Blizzard, Dean Foods, Universal Display May 10th
Given Imaging Ltd. (NASDAQ:GIVN): Maxim recommends buying shares of Given Imaging following the recent pullback, saying it continues to expect the company’s growth to reaccelerate throughout the year. The firm lowered its price target for shares to $23 from $24, but reiterates a Buy rating on the stock.
China Lodging Group, Limited (NASDAQ:HTHT): Brean Murray posted strong Q1 results due to robust RevPar expansion and low comps from 2011. The firm reiterates its Buy rating citing acceleration in its store opening schedule, improving margin trends, and solid 2012 guidance. Price target $19.
Activision Blizzard, Inc. (NASDAQ:ATVI): Brean Murray said they are maintaining their above guidance outlook for Activision Blizzard and see potential for material upside. The firm cited its Q1 results, conservative guidance, strong execution, and expectations for multiple expansion. Shares are Buy rated.
Dean Foods Co. (NYSE:DF): After Dean Foods reported higher than expected Q1 adjusted EPS and provided guidance that BMO Capital views as strong and conservative, the firm believes that the company appears poised for a strong earnings recovery. The firm maintains an Outperform rating.
Universal Display Corp. (NASDAQ:PANL): Goldman said Universal Display shares tend to overreact to near-term catalysts and recommends buying on weakness. The firm said there is little risk to 2012 revenue outlook and reiterates its Buy rating and $61 price target.
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