Analysts: Advance Auto Running Underweight and 3 More Research Notes to Look Into
Advance Auto Parts (NYSE:AAP): Morgan Stanley has brought its investment ratting on Advance Auto down to Underweight from Equal Weight, as checks conducted by the firm revealed that auto parts retail trends will remain at low levels and consensus estimates appear too high.
Walgreens (NYSE:WAG): JPMorgan sees the post-earnings pullback in shares as a buying opportunity, as the firm believes the company’s long-term outlook remains intact. It keeps an Overweight rating on the shares.
Buffalo Wild Wings (NASDAQ:BWLD): Morgan Stanley has brought Buffalo Wild Wings from Equal Weight to Overweight and raised its estimates on the company in light of second-half 2013 margin improvements driven by falling wing price, pricing changes, and new distribution agreement. The price target is set at $17.
Intuitive Surgical (NASDAQ:ISRG): William Blair noted that the FDA published a detailed Form 483 report following an on-site facility inspection of Intuitive Surgical, but added that none of the four observations in the report appear material. The firm also said that according to management, the most important one has already been completed and closed. Blair keeps an Outperform rating on shares.