Analysts: Google a Buy After Third-Quarter Results and 3 More Research Notes to Check Out
Google Inc. (NASDAQ:GOOG): Argus increased its price target on Google to $1,210 from $1,065 after the company reported stronger-than-expected third-quarter results, and the firm remains upbeat on the outlook for the Google’s advertising revenue; it keeps a Buy rating on the shares.
J.C. Penney (NYSE:JCP): Imperial Capital lowered its price target for J.C. Penney shares to $1 from $5, citing increasing concerns that the retailer may engage in a financial restructuring in 2014; Imperial believes reports of the company’s possible hiring of bankruptcy counsel as well as news that Export Canada may be cutting all credit to J.C. Penney, which could be “wearing down vendors and management.” The firm keeps an Underperform rating on the stock.
Priceline.com (NASDAQ:PCLN): Suquehanna said Priceline.com remains its top pick in the online travel space, noting its U.S. market share growth; the firm believes Priceline.com is best positioned to post both top- and bottom-line upward revisions to estimates. The firm rated the shares Positive and raised the price target on the stock to $1,200 from $1,135.
Zillow Inc. (NASDAQ:Z): Pacific Crest expects Zillow to report stronger-than-expected third-quarter results, and the firm keeps an Outperform rating on Zillow shares.