Analyst Insights: Research In Motion, Kforce, True Religion, SunCoke, Herbalife May 2nd

Research In Motion Limited (NASDAQ:RIMM): Jefferies says developer and carrier attendance at Research in Motion’s (NASDAQ:RIMM) Blackberry World Conference is higher than it expected. The firm finds it surprising that carriers are giving RIM another chance this fall, and believes the battle for the third ecosystem between Microsoft (NASDAQ:MSFT) and RIM is undecided. Jefferies keeps an Underperform rating on Research in Motion, saying the BB10 alpha handsets look rough despite launch being only five months away. The firm adds that the phone offers little differentiation and that its anticipation will significantly reduce sales of BlackBerry 7 over the next two quarters.

Kforce Inc. (NASDAQ:KFRC): Baird raised its price target on Kforce following Q1 results. The firm believes underlying trends remain strong despite confusing headlines and said the company should return to normalized earnings by 2H12.

True Religion Apparel Inc. (NASDAQ:TRLG): Brean Murray raised its price target on True Religion following better than expected Q1 results. The firm cited higher US comps, new stores, SG&A leverage, and growth in the domestic wholesale segment. Shares are Buy rated.

SunCoke Energy, Inc (NYSE:SXC): After SunCoke reported slightly weaker than expected Q1 results, Wells Fargo raised its valuation range on the stock to account for a potential upcoming MLP conversion by the company. The firm notes that the company will provide an update on the potential conversion in Q2, and Wells maintains an Outperform rating on the shares.

Herbalife Ltd. (NYSE:HLF): Herbalife weakness is a buying opportunity, says Caris

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