Analysts: AIG On Track For 90 Percent in P&C Ops and 3 More Research Notes to Explore
AIG (NYSE:AIG): Deutsche Bank, based on greater confidence that AIG is on track to achieve a 90 percent to 95 percent combined ratio in its P&C operations by 2015, has raised its price target to $56 from $52, following meetings with management. It keeps a Buy rating on the shares.
Adobe (NASDAQ:ADBE): JMP Securities has raised its price target on Adobe to $49 from $46, after the company reported higher-than-expected Q2 EPS. The firm believes Adobe is executing very well, while it has strong momentum in its core businesses. It keeps an Outperform rating on the stock.
Foot Locker (NYSE:FL): Bank of America/Merrill Lynch believes that Foot Locker is well positioned for long-term growth, driven by improving apparel and footwear product offerings, store remodels, basketball momentum, strong cash position, margin expansion opportunities, and international growth. It rates the shares at Buy, with a $44 price target.
BlackBerry (NASDAQ:BBRY): Bernstein has downgraded BlackBerry following checks that indicate consumer uptake is slow, and that the second half will disappoint investor expectations. The firm sees increased risk of only partial BB10 adoption with corporate customers, and believes that the consensus estimates have risen too high. The price target has been dropped from $15 to $10.