Analysts: eBay Is Improving Position in Commerce and 3 More Research Notes to Look Into
eBay (NASDAQ:EBAY): JMP Securities believes that eBay’s recent acquisitions, strong retail partnerships, and continued share gains in the PayPal division suggest that the company is improving its overall position within the broader commerce environment; the firm holds onto a $60 price target and Outperform rating on eBay stock.
Forest Laboratories (NYSE:FCX): Cowen believes that investors should continue to add to positions of Forest Labs following the company’s second-quarter results. The firm feels that shares are fully valued based on its assets but sees the potential for significant value creation from the likely aggressive management of its balance sheet. Forest Labs shares are Outperform rated with a $50 price target.
Safeway Inc. (NYSE:SWY): Deutsche Bank believes that that if Cerberus Capital were interested in Safeway, a takeout value of $56 per share would be considered “very reasonable” given the potential synergies, and its peer, Kroger’s (NYSE:KR), multiple. Deutsche sees potential upside for Safeway shares in a takeout scenario — or as a standalone company — and keeps a Buy rating on the stock with a $40 price target.
Wynn Resorts (NASDAQ:WYNN): Susquehanna has raised its price target on Wynn Resorts to $195 from $155 ahead of the company’s third-quarter earnings. The firm expects the strength at Macau gaming revenues to continue and a boost from improving macro-trends in China. The shares are Positive rated.
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