Analyst Ups Apple Inc Share Price Target, Brocade Shows Risk, UPS Has Deal Upside
Apple Inc. (NASDAQ:AAPL): Credit Suisse raised Apple’s price target based on its cash position and to reflect a rolling of EPS forward to 2013. Shares are Outperform rated.
Brocade Communications Systems, Inc.(NASDAQ:BRCD): Wedbush believes the significant decline in Brocade’s Ethernet business in Q1 creates potential risk to full year targets. The firm maintains a Neutral rating on the stock with a $5.50 price target, but notes the company’s Q1 results were solid.
Medivation, Inc. (NASDAQ:MDVN): Medivation price target raised to $87 from $81 at Citigroup
United Parcel Service, Inc.(NYSE:UPS): William Blair expects negotiations between UPS (NYSE:UPS) and TNT Express (TNTEY) to continue with the possibility of a higher bid from FedEx (NYSE:FDX). The firm believes a potential deal at a reasonable price would be positive for UPS, as it would strengthen the company’s position within the European express market. William Blair keeps an Outperform rating on UPS shares.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com