Analysts: BlackBerry Due For a Short Squeeze and 2 Other Research Notes to Read
BlackBerry (NASDAQ:BBRY): Macquarie believes that BlackBerry is moving towards another tradable bounce in the near-term, given overly bearish sentiments towards the brand. The firm does not find that supply adjustments have been made, and channel checks indicate that the June quarter production is ahead of initial estimates. Additionally, the Q10 is likely to be a bigger upgrade product for Enterprise subs than the Z10, and the firm rates shares at Neutral but sees a short rally pushing shares over $17 on good Q10 reports.
EOG Resources (NYSE:EOG): RBC Capital finds the EOG’s 2013 guidance looks conservative, following higher than expected Q1 CFPS and higher oil production. It keeps an Outperform rating on the shares.
WebMD (NASDAQ:WBMD): Strong results lead Stifel to believe that the company’s fundamentals are solid, and expects the company to benefit from numerous drug launches moving forward as the overall healthcare advertising market continues to improve. It keeps a Buy rating on the stock.
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