Analysts: Buy Cheesecake Factory on Weakness and 3 More Notes to Skim
Cheesecake Factory (NASDAQ:CAKE): After Cheesecake reported weaker-than-expected results, Sterne Agee remains confident that the company will continue to gain share without relying on discounts or promotions and said that shares should be bought on weakness. The firm has kept its $43 price target on the stock.
Avago (NASDAQ:AVGO): Citigroup has downgraded Avago from Buy to Neutral, citing the risk of a handset inventory correction, and lowered its price target as a result — down to $40 per share from $46.
BankUnited (NYSE:BKU): After BankUnited reported higher-than-expected earnings per share, Wells Fargo believes that the bank’s loan growth was impressive, while its overall growth outlook is one of the best in the sector. Subsequently, the firm also expects its multiple to expand and has kept an Outperform rating on the stock.
Swift Transportation (NYSE:SWFT): After Swift reported higher-than-expected second-quarter earnings per share, Wells Fargo expects that the company’s results will surpass Wall Street’s outlook in the second half of 2013 and has kept an Outperform rating on the shares.
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