Analysts: eBay’s Shares May Be Range-Bound and 3 More Research Notes to Peruse
eBay Inc. (NASDAQ:EBAY): Piper Jaffray believes eBay’s shares may be range-bound over the next quarter due to concerns over the company’s 2014 outlook. However, Piper remains positive on eBay following the company’s third-quarter results and keeps an Overweight rating on the stock with a $63 price target.
Clorox Co. (NYSE:CLX): Morgan Stanley downgraded Clorox to Underweight from Equal Weight; the analyst lowered estimates below consensus and downgraded shares due to a downturn in U.S. consumer spending, increased competitive pressures, lower-growth product categories, and challenging Argentina and Venezuela markets. The analyst pegs an $83 price target on Clorox shares.
EMC Corp. (NYSE:EMC): Brean Capital said the recent pullback in EMC represents an attractive buying opportunity, as the firm anticipates the product cycle benefits from the recent VNX refresh will have a positive impact on second-half 2013 earnings; the firm believes EMC could be inclined to become active in share repurchases, adding downside support. The analyst rated the shares a Buy with a $31 price target.
Abbott Laboratories (NYSE:ABT): Cowen maintains its Outperform rating on Abbott following better-than-expected third-quarter results; the firm cited Abbott’s dividend increase, growth in emerging markets, and continued operational expansion; the analyst has settled on a $41 price target for the stock.
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