Analysts: Micron Technology Estimates Raised and 4 New Opinions Investors Must Pore Over
Micron Technology Inc. (NASDAQ:MU): The company’s 2014 EPS estimate has been raised by Bernstein to $1.47 from $1.16 and price target to $13 from $11 considering Elpida deal synergies. The firm gives the stock an Outperform rating.
American International Group (NYSE:NOW): According to Citigroup, its propriety survey showed that the Software-as-a-Service, or SaaS, space is in only the second inning of its growth phase. Citi stated that its survey is most positive for ServiceNow and Jive Software (NASDAQ:JIVE), and it is less positive for Workday (NYSE:WDAY). The firm has named Salesforce.com (NYSE:CRM) and ServiceNow its favorite names in the SaaS sector.
Pinnacle Entertainment (NYSE:PNK): The company’s estimates have been reduced by Credit Suisse due to pressure in regional trends and a slow Baton Rouge ramp. The firm gives the stock an Underperform rating.
Pozen (NASDAQ:POZN): POZEN announced that it filed for FDA approval of its proprietary, less gastro-erosive aspirin, causing Roth Capital to believe that the company will probably license the drug or carry out another corporate transaction during the year. The firm keeps its Buy rating and a $10 price target on the stoc
Phillips-Van Heusen Corp. (NYSE:PVH): According to Brean Capital, they would be buyers on any weakness in PVH Corp after it reported its Q4 results but soft guidance due to its Tommy Hilfiger and Calvin Klein brands, and their leverage and the solid management team. The firm gives the shares a Buy rating and a $127 price target.
Investing Insights: Can Micron Technology Continue This Monster Run?