Analysts: Facebook Builds Traction and 3 Other Research Notes to Look Over
Facebook (NASDAQ:FB): JPMorgan raised its price target for Facebook shares to $53 from $44, citing building advertising traction across both mobile and desktop. The firm believes that the second quarter marked an inflection point in advertiser demand for Facebook and keeps an Overweight rating on the stock.
LinkedIn (NYSE:LNKD): After reviewing the company’s Marketing Solutions segment, Citigroup sees limited upside to LinkedIn’s 2014 estimates, particularly for that unit. Citi says that while it remains bullish on the company’s fundamentals, it keeps a Neutral rating on LinkedIn due to valuation.
Express Scripts (NASDAQ:ESRX): Leerink believes Express Scripts stands to benefit from IBM (NYSE:IBM) and Time Warner’s (NYSE:TWX) decisions to move their retirees’ coverage to exchange-based plans. The firm views exchange-based plans as a long-term positive for the pharmacy benefit managers and keeps an Outperform rating on Express Scripts.
Nike (NYSE:NKE): Piper Jaffray sees potential positive catalysts for Nike shares over the next four weeks coming from Dick’s Sporting Goods’s (NYSE:DKS) analyst day on Wednesday, Nike’s earnings in late September, its analyst day on October 9, and the stock being added to the Dow Jones Industrial Average on September 23. Piper sees owning Nike shares as a near-term trading opportunity and raised its price target for the stock to $71 from $64. The firm, however, keeps a Neutral rating on the name.