Analyst Review Jan. 27th: DISH, PMTC, LIFE, IP, JNS
Dish Network Corp.(NASDAQ:DISH): Detwiler Fenton said DISH Network is getting more serious about building out its own wireless service and will likely piggyback on top of another wireless carriers network. The firm said DISH has been reaching out to wireless executives and expects to have a team in place within the next six months.
Parametric Technology Corporation(NASDAQ:PMTC): Stifel Nicolaus increased its target on Parametric after the company reported Q1 results that the firm views as strong. The firm believes that the company’s outlook is improving, and it maintains a Buy rating.
Life Technologies Corporation(NASDAQ:LIFE): Maxim raised its price target for Life Technologies citing an improved risk/reward profile following Roche’s hostile bid for competitor Illumina. The firm reiterates a Buy rating on the stock.
International Paper Co.(NYSE:IP): Credit Suisse said the DOJ review period of the International Paper (NYSE:IP) acquisition of Temple-Inland (NYSE:TIN) ends today. The firm believes the lack of news signal increased risk for an unfavorable asset disposals.
Janus Capital Group Inc.(NYSE:JNS): Janus Capital shares rallied yesterday after the company said its Chairman Steven Scheid is retiring, as investors speculated the company may now try to sell itself. Citi sees a near-term sale of Janus as low probability and recommends investors use the rally as a selling opportunity. The firm keeps a Sell rating on the stock but raised its target for shares to $5.75 from $5.50.
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