Analysts: BlackBerry Built More Than It Sold and 3 More Research Notes to Look Over
BlackBerry (NASDAQ:BBRY): BMO Capital believes that BlackBerry built many more devices than it sold in its May quarter, and it expects the company to report flat to slightly negative cash flow from operations as a result. The firm keeps an Underperform rating on the stock.
Steven Madden (NASDAQ:SHOO): Due to a favorable risk/reward ratio, Brean Capital would be aggressive buyers of Steve Madden as he company remains poised for both short and long-term growth citing its healthy cash balance, the revamping of its e-commerce platform, and its activity in the M&A market. Shares are Buy rated with a $56 price target.
Angie’s List (NASDAQ:ANGI): Stifel has raised its price target to $31 from $29, as it believes that Angie’s List’s ecommerce opportunity is more expansive than investors appreciate. The firm raised its estimates for the company, and its estimates are well above consensus levels. It reiterates a Buy rating on the shares.
Netgear (NASDAQ:NTGR): Wedbush upgraded Netgear to Outperform from Neutral, largely attributed to valuation and upcoming second-half of 2013 catalysts that include 802.11ac retail momentum, new commercial product releases, and reduced service provider earnings dependence. The price target has been raised from $32 to $38.
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