Facebook Inc. (NASDAQ:FB): ITG Research has lowered its third-quarter Facebook North American revenue estimate to $900 million to $910 million, down from the previous $910 million to $920 million, to fall in line with consensus of $909 million. The reduction is due to slower September transaction volumes for Facebook, which faltered more than previously expected.
Colgate-Palmolive (NYSE:CL): Buckingham recommends buying shares of Colgate-Palmolive ahead of Thursday’s third-quarter report, as the firm expects the quarterly earnings per share to be at 73 cents, in line with the consensus, and operating margins to expand 20 bps on a favorable mix of cost cutting and strong emerging markets momentum. Colgate-Palmolive shares are Buy rated.
Coach Inc. (NYSE:COH): BMO Capital believes that the guidance Coach provided calling for a high single-digit percentage drop in its North America SSS in 2014 is conservative and thinks that more consumers will embrace the company’s handbags and accessories. The firm keeps an Outperform rating on Coach stock.
United Technologies Corp. (NYSE:UTX): Sterne Agee expects United Technologies to generate better organic growth and strong synergies from both CCS and Goodrich going forward after United Technologies reported lower-than-expected revenue. The firm keeps a $128 price target and Buy rating on the stock.
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