Analysts: LinkedIn Will Continue to Beat Expectations and 3 Other Research Notes to Read Through
LinkedIn (NYSE:LNKD): Wunderlich has raised its estimates for LinkedIn, saying that LinkedIn’s Talent solutions unit should continue to outperform growth expectations in the third quarter. The firm has raised its price target for LinkedIn to $280 from $250, and has kept a Buy rating on the stock.
Occidental Petroleum (NYSE:OXY): Wells Fargo has upgraded Occidental Petroleum to Outperform from Market Perform on expectations that Occidental Petroleum’s proposed restructuring could unlock value. The firm has raised its price target range for Occidental shares to $109-$121 from $88-$96.
Micron Technology (NASDAQ:MU): Jefferies has raised its price target for Micron Technology shares to $25 from $21, citing the rise in DRAM prices following the first quarter at SK Hynix. The firm also expects higher smartphone competition to drive higher memory content, a positive for Micron Technology. Jefferies has maintained a Buy rating on Micron’s stock.
Sirius XM Radio (NASDAQ:SIRI): Piper Jaffray has raised its estimates and price target for Sirius XM Radio to $5 from $4.50, saying that Sirius XM’s used cars initiative and introduction of a Hispanic tier could become the new driver for Sirius’s business. Piper said that Sirius XM Radio remains its top middle capitalization pick for 2013.