Analyst Waits For Better Amazon.com (AMZN) Stock Entry, Seagate and Vertex Boosted,
Amazon.com Inc. (NASDAQ:AMZN): Credit Suisse said Amazon’s margin pressure was expected but its revenue shortfall indicates the company was impacted by headwinds in Europe, The firm views Amazon as a core holding but would wait for a better entry point. Shares are Neutral rated with $190 price target, down from $200. After Amazon reported lower than expected Q4 revenue, Oppenheimer lowered its target on the stock to $234 from $255 but maintains an Outperform rating.
Vertex Pharmaceuticals Incorporated(NASDAQ:VRTX): Credit Suisse said Kalydeco was approved early than anticipated and that pricing was higher than expected. Shares are Outperform rated.
Six Flags Entertainment Corp.(NYSE:SIX): Oppenheimer raised its target on Six Flags, as the firm believes that the company’s ticket yields have increased. The firm expects the company to significantly increase its dividend, and maintains an Outperform rating.
Seagate Technology (NASDAQ:STX): FBN Securities raised its price target for Seagate after the company reported Q2 results and said it expects obtain revenue of at least $20B in 2012. FBN expects Seagate to report over $10 in earnings in FY13, more than double consensus of $4.79. The firm keeps an Outperform rating on the stock.
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