Analysts: BlackBerry Can Go for $15 per Share and 3 More Research Notes to Browse
BlackBerry (NASDAQ:BBRY): Jefferies’s leveraged buyout analysis of BlackBerry indicates a possible $15 per share takeout price, as the analyst believes CEO of FairFax Financial and BlackBerry’s largest shareholder Prem Watsa’s resignation from the board due to conflicts of interest supports a possible LBO. The shares are Buy rated with an $18 price target.
Micron (NASDAQ:MU): RBC Capital believes that Micron provided stronger-than-expected estimates for its Elpida unit, and that Micron can report earnings per share of $2.50 or more in 2014. It keeps an Outperform rating on the stock.
Foot Locker (NYSE:FL): Sterne Agee believes that expectations are low for Foot Locker, as recent speculation that basketball and athletic footwear have lost popularity are unfounded, according to the firm. Sterne expects the company to benefit from strong industry trends and share gains, and it keeps a Buy rating on the stock.
Dean Foods (NYSE:DF): Following Dean Foods’s report of in-line second-quarter EPS, Wells Fargo believes that the company’s long-term outlook remains intact. The firm thinks the company has several catalysts that can push its margins higher, and keeps an Outperform rating on the stock.