Yahoo! Inc. (NASDAQ:YHOO): Piper Jaffray says Yahoo!’s revenue grew in Q1 for the first time since Q3 of 2008 and the firm maintains an Overweight rating on the stock with an $18 price target. Piper expects Yahoo!’s display to remain challenged in Q1, but benefit from the Olympics and elections in the back half of 2012.
Intel Corporation (NASDAQ:INTC): Deutsche Bank says Intel’s Q1 and guidance were largely in-line and that the company’s product costs should decline sharply in the second half of 2012. The firm reiterates a Buy rating on the stock.
Syngenta AG (NYSE:SYT): 05:30 EDT Syngenta reports Q1 sales $4.3B, up 9% at constant exchange rates
International Business Machines Corp. (NYSE:IBM): Deutsche Bank raised its estimates and price target for IBM following the company’s Q1 results and maintains a Buy rating on the stock. Deutsche views IBM’s 2012 earnings guidance of at least $15 as conservative.
Cree Inc. (NASDAQ:CREE): Jefferies believes Cree’s fundamentals are improving despite the weaker than expected Q4 fguidance and thinks the likely sell-off today will provide a better entry point for longer-term investors. The firm raised its price target for shares to $35 from $31 following the Cree’s Q3 results and keeps a Buy rating on the stock.
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