Analysts: eBay’s Outlook Underestimated by Investors and 3 Other Research Notes to Check Out
eBay (NASDAQ:EBAY): Benchmark believes that investors are underestimating eBay’s opportunity in payments; the firm thinks that eBay could begin beating current estimates as early as 2014, and it keeps a Buy rating on the stock.
Transocean (NYSE:RIG): Argus downgraded Transocean to Hold from Buy and lowered estimates due to concerns about Transocean’s ability to raise day rates due to increased deepwater rig supply and cheaper land and shallow-water alternatives.
Cablevision (NYSE:CVC): Brean Capital believes Cablevision’s valuation has been pushed by mergers and acquisitions talk, which is currently not supported by fundamentals; the firm sees sequential yearly gains for Cablevision, but only due to easy comparisons, and it expects underlying results will be under pressure from high programming costs and higher levels of capital expenditures. Cablevision’s stock is Hold rated.
Ulta Salon (NASDAQ:ULTA): Wells Fargo believes Ulta Salon’s new website is an improvement over its predecessor, and that the move is an important step toward boosting the company’s Internet presence; the firm keeps an Outperform rating on Ulta Salon stock.
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