Analysts: 21st Century Fox Has Positive Catalysts and 3 More Research Notes to Explore
21st Century Fox (NASDAQ:FOXA): Wells Fargo believes that 21st Century Fox will benefit from strong results for its new FS1 sports channel over time, at least $4 billion in share buybacks by the end of next year, growth above the industry average, and multiple expansion. The firm reiterates a $34-$36 price target and Outperform rating on the stock.
Intuit (NASDAQ:INTU): Raymond James has upgraded Intuit to Strong Buy from Market Perform, as it believes that the current valuation does not reflect Quickbook international expansion opportunities, Demandforce adoption, immigration reform, and buybacks. The price target has been set for $72.
Onyx Pharmaceuticals (NASDAQ:ONXX): Following Amgen’s buyout offer of $120 per share, RW Baird has raised its price target to $129 from $106, as the firm believes chances are good for a materially better offer. It rates the shares at Outperform.
Qualcomm (NASDAQ:QCOM): Susquehanna remains confident in its estimates for Qualcomm, despite expectations for slower high end growth for both Apple (NASDAQ:AAPL) and Samsung. The firm believes the slower growth is related to product cycles and is not permanent, but it also expects investor concerns to linger until the cycles improve. Shares are Positive rated with an $85 price target.