Analysts: Facebook Could Cash in on Video Ads and 3 More Research Notes to Look Over
Facebook (NASDAQ:FB): Piper Jaffray has raised its price target for Facebook to $46 from $38, citing the potential of the company’s reported video ad offering. Piper said it has greater comfort in its forward ad growth estimates following Bloomberg’s report that Facebook would begin offering 15-second video ads this year. The firm has an Overweight rating on the stock.
Qualcomm (NASDAQ:QCOM): Piper Jaffray has downgraded shares of Qualcomm to Neutral from Overweight and lowered its price target to $67 from $71 citing falling demand for high-end smartphones, adding that its recent channel checks indicate component vendors are canceling orders for components used in high-end smartphones.
Hillshire Brands (NYSE:HSH): Wells Fargo downgraded Hillshire Brands to Underperform from Market Perform, citing risk to the company’s 2014 guidance from protein input cost inflection and challenged food consumer spending. The firm lowered its price target range for shares to $30-$32 from $32-$34 previously.
Kinross Gold (NYSE:KGC): Citigroup has downgraded Kinross Gold to Neutral from Buy, citing a lack of catalysts following the tabling of the Tasiast project and dividend elimination. The firm also lowered its price target for shares to $5.80 from $6.
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