Analysts: Cisco Leads SDN Market and 3 More Research Notes to Check Out
Cisco (NASDAQ:CSCO): Following Cisco’s Analyst Day, Stifel said that some of the company’s new products will enable it to maintain its market-leading share, while other announcements establish it as the leader in the emerging market of SDNs. The firm believes the company has positive momentum, and keeps a Buy rating on the stock.
Yelp (NYSE:YELP): A survey conducted by Cowen has suggested increasing awareness and engagement of Yelp as a source for local business information, and since a majority of the respondents remain unaware of the company, the firm believes there is potential for growth. It rates the shares at Outperform.
Allergan (NYSE:AGN): Susquehanna has lowered its price target on Allergan to $102 from $116, in reflection of the potential loss of exclusivity of Restasis. The firm expects solid growth despite the loss, expense cuts, and potential for stock buybacks to support its premium valuation. It rates the shares at Positive.
Bed Bath & Beyond (NASDAQ:BBBY): Bernstein sees the results from Bed Bath & Beyond as encouraging, and notes that the company’s gross margin and comp trends improved. The firm thinks the company can beat expectations in the second half of the year, and it keeps an Outperform rating on the stock.