Analysts: Cisco Will Hit Guidance High End and 3 More Research Notes to Check Out
Cisco (NASDAQ:CSCO): Following checks, Oppenheimer expects Cisco to report results at the high end of guidance for its July quarter. The firm thinks that the company’s guidance may surpass Street expectations, and it raised its estimates on higher organic growth assumptions. The firm keeps an Outperform rating on the shares.
Questcor (NASDAQ:QCOR): Oppenheimer increased its target on Questcor to $73 from $57 after the company reported higher-than-expected second-quarter revenue. The firm believes that sales of the company’s Acthar treatment continue to be strong and remains upbeat on Acthar’s outlook. The firm keeps an Outperform rating on the stock.
Discovery Communications (NASDAQ:DSCA): Barrington upgraded Discovery to Outperform from Market Perform with a $110 price target, citing post-earnings pullback in shares and optimism over the company’s growth potential.
SanDisk (NASDAQ:SNDK): BMO Capital has downgraded SanDisk to Underperform from Market Perform to reflect a NAND supply-demand balance that is tilted toward excess supply. The price target was also lowered, to $40 from $59.