Analysts: J.C. Penney’s Burning Cash and 3 Research Notes to Look Into

J.C. Penney (NYSE:JCP): Morgan Stanley has lowered its estimates following the Q1 same-store sales declines, and noted that the company is rapidly spending its cash. The firm recognizes downside risk with Street estimates for 2013, and keeps an Underweight rating.

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Finisar (NASDAQ:FNSR): Channel checks conducted by Jefferies has revealed that Avago (NASDAQ:AVGO), not Finisar, are the primary providers of board mounted optics for Artista’s new 7500E switch. Moreover, the checks also shed light on steep price erosion at 100G, and the firm maintains an Underperform rating with a $7.50 price target.

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F5 Networks (NASDAQ:FFIV): Wells Fargo believes that the worst is over for the company, and expects growth to accelerate moving forward. The firm remains upbeat on the new products, and believes that the stock can rise over time. It rates the shares at Outperform.

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Equinix (NASDAQ:EQIX): Wells Fargo believes that the company has superior metrics to its peers, and therefore should trade in-line with tower REITs. The firm brought its valuation range from $261-$277 to $277-$293, and keeps an Outperform rating on the shares.

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Investing Insights: Do These Factors Support A Rise In Altria Group?