Analysts: Expedia Deal Is in Line with Strategy and 3 More Research Notes to Browse
Expedia (NASDAQ:EXPE): Cowen points out that the synergies of the deal between Expedia and Travelocity are consistent with the company’s affiliate network strategy rather than a lack of confidence in its own growth prospects. Cowen estimates the synergies at roughly $180 million in 2014, which could be split evenly between the two companies. The shares of Expedia are Outperform rated with a $60 price target.
InvenSense (NASDAQ:INVN): Maxim sees a strong likelihood that InvenSense’s solution will be incorporated into Apple’s (NASDAQ:AAPL) iPhone 5S and thinks that the company is gaining market share with a number of its customers. It keeps a Buy rating on the stock.
Salesforce (NYSE:CRM): Oppenheimer contends that Salesforce.com had numerous moving parts in the second quarter that could make its results messy. However, the firm thinks the company’s strong execution and easier comps leave it well positioned to report strong second-half results. The firm keeps an Outperform rating on the stock.
EMC Corp. (NYSE:EMC): Brean Capital believes that EMC is attractive at current levels, citing further growth in license booking, which will ease concerns about saturation in the core server virtualization business. The shares are Buy rated with a $31 price target.
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