Analysts: Gap’s Earnings Will Jump and 3 More Research Notes to Browse Through
Gap (NYSE:GPS): After Gap reported in-line second-quarter results but raised its 2013 earnings per share guidance, Stifel believes that customers are responding favorably to apparel at both Gap and Old Navy. The firm expects the company’s earnings to jump 10-15 percent annually for the next several years and keeps a Buy rating on the stock.
Pandora (NYSE:P): JPMorgan believes that Pandora reported solid second-quarter results and raised its price target for shares to $25 from $23. The firm says that Pandora remains a “highly compelling pure-play on mobile” and keeps an Overweight rating on the stock.
DirecTV (NASDAQ:DTV): DirecTV chief operating officer Pat Doyle told JPMorgan that talks with the NFL are going well and that he would surprised if the relationship didn’t continue beyond 2014. After the meeting, JPMorgan believes concern surrounding the NFL contract seem overblown. The firm keeps a Neutral rating on shares of DirecTV with a $65 price target.
SunEdison (NYSE:SUNE): Needham has upgraded SunEdison to Buy from Hold following the announcement that the company is going to separate the semiconductor business in an IPO. The firm expects the move to unlock value in the stock and strengthen the balance sheet. The price target is $11.