Analysts: LinkedIn Sees Better Engagement Data and 3 More Research Notes to Check Out
LinkedIn (NYSE:LNKD): Evercore has raised LinkedIn’s price target to $280 from $250 before the market open on Tuesday. The firm increased its estimates based on strengthening engagement data, triple-digit-growth in domestic job posting, and upbeat management commentary. LinkedIn’s shares are rated at Overweight.
Target (NYSE:TGT): Cleveland Research has stated that Target’s third quarter sales trends remain weak, and that it’s third quarter comparable sales remain soft and are trending slightly below consensus. The firm sees risk to Target’s low end guidance, and is modeling its third quarter EPS, excluding Canada, at $0.80 versus the guidance of $0.80 to $0.90. The shares are Neutral rated.
Triumph Group (NYSE:TGI): UBS has lowered its Triumph estimates to reflect lower forward margins on the 747-8 and the C-17 program wind-down, though the firm said that Triumph shares trade at less than 10 times its C15 estimate and are a “massive” discount to its aero peers. The shares are Buy rated, with an $85 price target, down from $94.
Broadcom (NASDAQ:BRCM): Barclays has lowered Broadcom’s fourth quarter estimates to better reflect further share loss and Renesas dilution. The analyst said that Tier 1 OEM’s continue to move to Qualcomm’s (NASDAQ:QCOM) WLAN, and that the combo business will eventually lose money, pressuring Broadcom’s baseband efforts. The shares are Underweight rated with a $23 price target, down from $25.