Analysts: Intel’s New Products Show Potential and 3 Other Research Notes to Check Out
Intel (NASDAQ:INTC): Jefferies upgraded Intel shares to Buy from Hold, citing the company’s manufacturing leadership and new products that target lower priced computers. The firm adds that short interest in the name is at all time highs. Jefferies raised its price target on the shares to $30 from $27.
Whirlpool (NYSE:WHR): Cleveland Research says that Whirlpool’s U.S. volume growth continue to improve with year-over-year growth tracking to 9 percent versus guidance of 6-8 percent. The firm expects improving volumes to lead to third quarter upside to Street estimates.
Lululemon (NASDAQ:LULU): Buckingham believes that Lululemon’s operating margins are unsustainable, given continued execution issues and lower new store productivity. The firm would lighten up on positions and reiterates its Underperform rating and $52 price target on the shares.
Express Scripts (NASDAQ:ESRX): Leerink believes that Express Scripts will retain the TRICARE contract, given the large number of prescriptions filled at Military Treatment Facilities and the 10-year relationship between the two. The firm estimates that TRICARE, the health care program serving Uniformed Service members, makes up about 10 percent of Express Scripts’ earnings and expects an announcement of the award by end of year. Leerink has an Outperform rating on Express Scripts.