TripAdvisor (NASDAQ:TRIP): Deutsche Bank views the pullback yesterday in TripAdvisor shares as a buying opportunity for long-term investors. The firm says that while consensus estimates for the third quarter may be too high, estimates for 2014 look low. Deutsche has a Buy rating on the stock.
Smith & Wesson (NASDAQ:SWHC): KeyBanc has downgraded Smith & Wesson to Underweight from Hold after checks that indicate near-term retail demand has peaked and that recent pull forward in demand will limit growth over the next few quarters. The price target is $10.
JinkoSolar (NYSE:JKS): Roth Capital has upgraded JinkoSolar to Buy from Neutral following the second quarter beat and increased 2013 shipment guidance. The firm expects further share upside driven by earnings growth from modules and project strategy execution. The price target has been raised to $18.
Avago (NASDAQ:AVGO): Brean Capital downgraded Avago Technologies to Hold from Buy on concerns that Samsung’s slowdown and Cisco’s weaker-than-expected guidance may limit the company’s upside from the iPhone ramps. The firm sees fair value for Avago shares at $36-$40.
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