AT&T (NYSE:T): Wells Fargo was surprised by decelerating growth in the company’s wireless ARPU, and noted that the Business Solutions revenue has dropped over 3 percent year-over-year. However, it remains confident that the free cash flow and dividend remain strong, and maintains its Outperform rating on the shares.
Cree (NASDAQ:CREE): Despite reporting a margin miss for Q3, Stifel attributes this to the temporary effect of a new product launch. Any weakness is a buying opportunity for the firm, which keeps a Buy rating.
Panera Bread (NASDAQ:PNRA): Jefferies sees the post-quarterly results pullback as a buying opportunity, noting that same store sales are back to 5 percent in April and the earnings outlook has remained unchanged. It keeps a Buy rating, and a $202 price target.
VMware (NYSE:VMW): Oppenheimer is confident that any shares should be bought on weakness, citing healthy bookings and expectations that revenue growth will accelerate. It keeps an Outperform rating on the shares.
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