Analyst Insights: AO Smith, Valmont Industries, Illumina, Royal Caribbean, Progressive April 23rd

Illumina Inc. (NASDAQ:ILMN): Cowen said Illumina’s (NASDAQ:ILMN) earnings conference call tonight will have unique importance since it is the first following the expiration of Roche’s (RHBBY) tender offer. The firm expects management to note the company’s book-to-bill, pricing strategies, cash deployment strategy, and its pipeline plans. Shares are Outperform rated.

AO Smith Corp. (NYSE:AOS): Maxim recommends continued accumulation of A.O. Smith shares following the company’s Q1 results. The firm raised its price target for shares and keeps a Buy rating on the stock.

Valmont Industries, Inc. Common (NYSE:VMI): Stifel Nicolaus increased its target on Valmont after the company reported higher than expected Q1 EPS and raised its 2012 EPS guidance. The firm reiterates a Buy rating.

Royal Caribbean Cruises Ltd. (NYSE:RCL): After Royal Caribbean’s stock dropped 7% following its Q1 results, Stifel Nicolaus believes that investors’ concerns about the company’s European business are “largely overblown.” The firm continues to have a favorable long-term outlook on the company and maintains a $36 target and Buy rating.

Progressive Corp. (NYSE:PGR): Goldman lowered Progressive estimates given headwinds from an uptick in severity trends and increased competitor advertising. Shares are Sell rated with a $21 price target.

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