Analyst Alerts: JPMorgan, LeapFrog, priceline.com, Aruba, Illumina March 29th

JPMorgan Chase & Co. (NYSE:JPM): Bernstein believes that the acquisitions and investments made by JP Morgan during the financial crisis have left the bank exceptionally well-positioned to benefit from the economic recovery. The firm thinks that the bank has significant growth opportunities, and it maintains a $56 target and Outperform rating on the stock.

LeapFrog Enterprises Inc. (NYSE:LF): After conducting checks, BMO Capital is confident that Leapfrog’s stock will continue to appreciate, as the checks were “very positive.” The firm maintains an Outperform rating on the stock.

priceline.com Incorporated (NASDAQ:PCLN): Barclays believes Priceline.com is performing well in Europe and that it is poised for robust growth. The firm adds that if the Eurozone can remain stable, shares of Priceline.com could outperform. Shares are Overweight rated.

Aruba Networks, Inc. (NASDAQ:ARUN): After attending Aruba’s Analyst Day, Pacific Crest sees multiple positive catalysts for the stock, including increased cross-selling of the company’s new ClearPass software. The firm believes that the company’s increased long-term margin guidance is “ultraconservative,” and it maintains an Outperform rating on the shares.

Illumina Inc. (NASDAQ:ILMN): JPMorgan views Roche’s (RHHBY) increased bid for Illumina (NASDAQ:ILMN) as a step in the right direction, but still not enough to win a meaningful number of seats at the April 18 meeting. The firm thinks a deal will ultimately get done and finds the risk/reward on Illumina shares as favorable. JPMorgan added that Illumina could trade to year-to-date highs today on the news.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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