Analyst Sees $30 Target for Groupon Stock, Salesforce.com Top Pick With $183 Target
Groupon Inc (NASDAQ:GRPN): After Groupon reported higher than expected Q4 revenue but lower than expected adjusted EPS, Barrington expects the company’s tax burden to stabilize in 2013 and it maintains a $30 target and Outperform rating on the stock.
Salesforce.com (NYSE:CRM): Piper Jaffray said earlier today that its channel checks indicate Salesforce.com recently closed a large transaction worth $140M in the financial services/insurance vertical and that Facebook has materially ramped its commitment to the company’s platform. Piper reiterates Salesforce.com as its top mid-cap pick for 2012 and keeps an Overweight rating on the stock with a $183 price target.
Alico Inc. (NASDAQ:ALCO): This is a list of stocks making unusual moves on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter. We use 5% for filter criteria and scanned for stocks that traded above $10 the prior day.
Salix Pharmaceuticals Ltd. (NASDAQ:SLXP): Caris said Salix is down on an FDA draft guidance report for Xifaxan generic requirements. The guidance requires generics only do a clinical study on 200mg for travelers diarrhea, not for 550mg, which is most of Salix’s franchise. The firm recommends using Salix weakness as a buying opportunity.
United Natural Foods, Inc.(NASDAQ:UNFI): OTR Global said contacts indicate United Natural Foods (NASDAQ:UNFI) has lost or is about to lose several supermarket accounts and is feeling pressure from its new client, Safeway (NYSE:SWY).
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