Electronic Arts (NASDAQ:EA): Brean Capital raised its price target to $29 from $24 on Electronic Arts ahead of first-quarter results, as the firm believes the company is well positioned for the console transition year and potential margin improvements. Brean also believes that the issue of CEO succession is an overhang but can serve as a positive near-term catalyst. It puts a Buy rating on the shares.
Franklin Resources (NYSE:BEN): Susquehanna has upgraded its rating on Franklin based on discounted valuation and support of international and emerging market stocks and bonds following recent Fed comments. The price target was raised to $168 from $145.
Dr Pepper Snapple (NYSE:DPS): Wells Fargo has lowered its second-quarter EPS estimate for Dr Pepper Snapple based on its exposure to the challenging North American carbonated soft drink market and the nonperformance of the company’s new TEN drink. However, the firm thinks the company has several positive catalysts, including improvements in Snapple and the realization of TEN’s potential, and recommends buying the stock on any weakness following the company’s quarterly results.
Intel Corp. (NASDAQ:INTC): Stifel expects Intel to guide for gross margin increases as utilization increases and Haswell ramps into production, also believing that the company’s second-quarter results will be in line with expectations — but doesn’t expect the results and guidance to be significant catalysts for the stock. It keeps a $28 price target and a Buy rating on the shares.