Analyst Alerts: RealPage, Tyson Foods, WESCO, Movado, Micron April 12th
RealPage, Inc. (NASDAQ:RP): Deutsche Bank says the 30% year-to-date pullback in RealPage shares is unwarranted and reiterates a Buy rating on the stock with a $32 price target. Deutsche expects demand for rentals to be sustained, despite an upturn in housing demand.
Tyson Foods Inc. (NYSE:TSN): Deutsche Bank views the recent pullback in shares of Tyson Foods following negative news articles on lean finely textured beef, dubbed pink slime, as an opportunity. The firm says ground beef demand could start to improve and keeps a Buy rating on Tyson Foods with a $23 price target.
WESCO International Inc. (NYSE:WCC): Citigroup added WESCO to its Top Picks Live list citing valuation and improving end markets. The firm raised its price target for shares to $80 from $79 and keeps a Buy rating on the name.
Movado Group Inc. (NYSE:MOV): Citigroup added Movado to its Top Picks Live list citing better than expected revenue growth and the company’s inventory control. The firm keeps a Buy rating on the stock with a $28 price target.
Micron Technology Inc. (NASDAQ:MU): Piper Jaffray believes Micron’s notes issue announced last night confirms that the company is serious about acquiring the assets of Elpida. Piper thinks Micron could benefit even if Elpida’s assets go to others, as DRAM supply could be impacted. The firm reiterates an Overweight rating on the stock with a $12 price target.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.