Intel Corp. (NASDAQ:INTC): Sterne Agee believes that Intel’s new chip for tablets, the Silvermont, could cause consumers to choose Microsoft (NASDAQ:MSFT) tablets over Microsoft notebooks, essentially cannibalizing its own customer base. The firm points out that Intel makes significantly more money from each Microsoft notebook sold, than each Microsoft tablet. It keeps a $20 price target and Neutral rating on the shares.
Under Armour (NYSE:UA): Following Wednesday’s investor presentation, Susquehanna believes the Under Armour growth story remains intact. The company outlined plans for expected growth drivers in apparel, footwear, and international, and Susquehanna sees the plan as readily achievable with upside potential. It rates the shares at Positive with a $73 price target.
Coldwater Creek (NASDAQ:CWTR): Citing tough 2H comps and slow margin progress, B. Riley downgraded Coldwater Creek to Neutral from Buy, and lowered its price target from $4 to $3.50.
Clovis (NASDAQ:CLVS): Increased conviction in the company’s non-small cell lung cancer candidate CO-1686 following the data released at ASCO led Piper Jaffray to upgrade Clovis from Neutral to Overweight, and well as raise the company’s price target from $36 to $100.
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