Analysts: BlackBerry Sales Tracking Over Estimates and 3 More Research Notes to Investigate
BlackBerry (NASDAQ:BBRY): Societe Generale has brought shares of BlackBerry from Sell to Buy, with a price target of $17, due to better than expected sales of the new Blackberry 10 handsets.
American Express (NYSE:AXP): Oppenheimer has initiated coverage on American Express with a Perform rating, citing valuation and headwinds facing the company’s International Card Segment and Global Corporate Segment.
Chipotle Mexican Grill (NYSE:CMG): Wedbush has brought its Q2 same-store-sales estimate to 4 percent from 3 percent, after its checks indicate that the sales are tracking slightly ahead of Street estimates driven by increased marketing, improved throughput, and new menu items. The price target has been lifted to $420 from $400, and the shares are rated at Outperform.
Forest Labs (NYSE:FRX): Cantor says that Forest may have become more willing to explore strategic alternatives, and that the company is an attractive takeover candidate. It raised its price target on the shares to $48 from $45, and keeps a Buy rating on the stock.