Analyst Insights: Rackspace Hosting, Cabot Oil & Gas, Nokia April 9th
Nokia Corporation (NYSE:NOK): Canaccord’s checks indicate weak Symbian sales and a slow ramp in Windows smartphones. The firm expects 2012 to remain a challenging transitional year for Nokia and lowered estimates ahead of its Q1 earnings report. Shares are Hold rated with a $5 price target.
Rackspace Hosting, Inc (NYSE:RAX): Benchmark Co. believes the OpenStack Conference & Design Summit from April 16-20 in San Francisco could be a positive catalyst for Rackspace. The firm raised its price target for shares and reiterates a Buy rating on the stock.
Cabot Oil & Gas Corporation (NYSE:COG): Canaccord reiterated Cabot as a favorite gas-weighted pick following the minor Marcellus Shale production outage. The firm sees a minor impact and reiterates its Buy rating and $66 price target.
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