Analysts: Google Dealing with Motorola Weight and 2 Other Research Notes To Check Out
Google (NASDAQ:GOOG): RW Baird says that the Q1 core results look solid, but took note that the earnings beat was a result of a lower tax rate. It also pointed out that the Motorla division was dragging down margins, but overall, the report was better than expected, given the concerns over macro and Europe. Shares are rated Outperform with an $830 price target.
Cypress Semiconductor (NASDAQ:CY): Sterne Agee says that the company’s weakness is overdone, despite the lower-than-expected gross margins which rose over the previous quarter. Fundamentals are improving according to the firm, which keeps a $14 price target on the shares with a Buy rating.
Travelers (NYSE:TRV): UBS is anticipating an acceleration in Q1 2013 commercial pricing and ongoing margin expansion, indicated by a survey. The firm rates the shares a Buy, and has a $93 price target.