Cheesecake Factory (NASDAQ:CAKE): Argus has increased its price target on Cheesecake to $52 from $46, as the firm believes that the company has a number of positive attributes including good management, solid operating margins, lack of debt, unit expansion plans, commitment to share buybacks, and relatively affluent customer base. The firm keeps a Buy rating on the stock.
DCP Midstream (NYSE:DPM): Credit Suisse has assumed coverage on DCP Midstream with an Underperform rating, down from a Neutral rating due to valuation and expected headwinds from low commodity price forecasts. However, the firm has raised its price target on the shares to $54 from $48.
Emulex (NYSE:ELX): Following the announcement from Emulex involving management changes and compensation changes for management, RBC Capital thinks the moves could indicate that the company is looking for a strategic buyer, noting that Bloomberg suggested on July 3 that the company was looking for one. The firm keeps a Sector Perform rating on the stock.
WhiteWave Foods (NYSE:WWAV): Morgan Stanley believes that WhiteWave Foods’s strong second-quarter sales growth and clarity on the timing of the Dean’s equity-for-debt swap should remove an overhang and ultimately result in a near-term share re-rating higher. The firm reiterates its Overweight rating and $19 price target.
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