Analysts: Johnson & Johnson Guidance May Drop and 2 New Opinions Investors Must Pore Over
Johnson & Johnson (NYSE:JNJ): JPMorgan has downgraded Johnson & Johnson following the recent rally in shares. It also expects a downward revision to the company’s 2013 guidance. However, the firm raised its price target to $83 from $77.
Qualcomm (NASDAQ:QCOM): Canaccord has raised Qualcomm MSM estimates because of share gains with leading smartphone manufacturers for the chipmaker. The firm believes Qualcomm is well positioned for strong earnings growth throughout the current fiscal year due to stable royalty rates, stable ASP trends, and emerging market growth.
Halliburton (NYSE:HAL): BMO Capital has suggested buying shares of U.S. oil services companies ahead of Q1 results, including those of Halliburton, National Oilwell (NYSE:NOV), and Noble Corp (NYSE:NR). The firm expects commodity prices to remain strong and predicts that investors will become more risk tolerant later this year. It has Outperform ratings on all three stocks.