Analysts: Merck’s Beat Was Owed to Taxes and 2 Other Research Notes to Browse
Merck & Co. (NYSE:MRK): Though the company surpassed its earnings expectations, Wells Fargo attributes the beat to favorable tax benefits, and notes that the company reduced its guidance. However, Fargo maintains an Outperform on the shares.
AIG (NYSE:AIG): Bernstein has raised its longer-term estimates for the company, by more than 15 percent as it expects 2015 estimates for the company to jump 75 percent — or more — from its current levels. It maintains its Outperform rating on the shares.
Pier 1 Imports (NYSE:PIR): Wells Fargo sees significant opportunities for expansion into new categories, and believes they could be underappreciated by investors. It maintains an Outperform rating on the stock.
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