Analysts: Buy Costco for Defensive Growth and 3 More Research Notes to Look Over
Costco Wholesale Corp. (NASDAQ:COST): RW Baird recommends Costco for defensive growth, citing its all-time high renewal rates, strong traffic, and solid execution. The firm rates the shares at Outperform, with a $125 price target.
Fusion-io (NYSE:FIO): Pacific Crest believes the company’s fundamentals have bottomed and expects Fusion-io to lower its 2014 guidance. It has reduced its price target on Fusion-io shares to $19 from $25. However, Pacific believes that the company’s core revenues could jump 40 to 50 percent next year, and keeps an Outperform rating on the stock.
Salesforce.com (NYSE:CRM): Pacific Crest believes that shares should be bought on recent weakness, as the firm is upbeat on Salesforce.com’s acquisition of ExactTarget and continues to believe that Salesforce.com’s stock can reach $53. It keeps an Outperform rating on the shares.
Avanir Pharmaceuticals (NASDAQ:AVNR): Summer Street has raised its price target on Avanir to $16 from $14 following the company’s deal with OptiNose AS. It keeps a Buy ratings on the shares.