Gannett (NYSE:GCI): Wells Fargo views Gannett’s acquisition of Belo (NYSE:BLC) as a “perfect’ fit” in terms of culture, market sizes and portfolios, and expects no other bidders to emerge for Belo given the uniqueness of the transaction.
Western Digital (NYSE:WDC): Brean Capital raised its price targets on both Seagate (NASDAQ:STX) and Western Digital, citing free cash flow and gross margin stability, although the firm favors Western Digital based on valuation and potential for greater incremental catalysts and raised its price target to $85 from $65, with a Buy rating.
Health Management (NYSE:HMA): In the event of a buyout, Susquehanna estimates that Health could be worth $18-$19 per share, as the firm notes that the company has engaged financial advisors to help it explore strategic alternatives. However, it could also be worth $12 per share if no deal is made. Shares are Positive rated with a $16 price target.
Ross Stores (NASDAQ:ROST): Sterne Agee has upgraded Ross Stores to Buy from Neutral, as it believes that the stock is cheap while the company’s multiple can expand and its earnings can beat expectations. Price target is set at $75.
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