Analyst Alerts: Netflix, Cirrus, Herbalife, United Rentals, Abercrombie & Fitch May 17th
Netflix, Inc. (NASDAQ:NFLX): Needham believes shares of Netflix still look expensive based on its estimates of 2012 and 2013 earnings and keeps an Underperform rating on the stock. The firm lowered its 2012 estimate to 25c from 50c and 2013 estimate to $2.00 from $2.75.
Cirrus Logic Inc. (NASDAQ:CRUS): After meeting with Cirrus’ CFO, Oppenheimer expects the company’s revenue to jump sharply beginning in its September quarter. The firm predicts that the company will post stronger than expected 2H12 results and it reiterates a $30 target and Outperform rating.
Herbalife Ltd. (NYSE:HLF): Canaccord raised Herbalife estimates to account for its previously announced share repurchase. The analyst expects shares to extends yesterday’s rally further and for valuation to normalize at levels more consistent with strong business and earnings trends. Shares are Buy rated with a $76 price target.
United Rentals, Inc. (NYSE:URI): After viewing a presentation by United Rentals’ management, Oppenheimer believes that the company’s fundamentals are strong while its valuation is “intriguing.” The firm maintains an Outperform rating on the stock.
Abercrombie & Fitch Co. (NYSE:ANF): Cowen said Abercrombie & Fitch is trading below their enterprise value which they believes undervalues its long term potential. The firm said share should be bought because its brand is not broken, store closures will free up cash, easier international comps, and there are significant levers to cash flow. Shares remain Outperform rated.
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