Microsoft (NASDAQ:MSFT): After Microsoft CEO Steve Ballmer announced he would step down within a year, Argus thinks that the company suffers from “systemic weakness.” The firm believes that it will be difficult for the new CEO to make Microsoft more nimble and forward-looking. It keeps a Hold rating on the shares.
Apache (NYSE:APA): After Apache announced that it sold a 33 percent stake in its Egypt business to Sinopec (NYSE:SHI) for $3.1 billion, Wells Fargo thinks the deal will be positive for Apache’s stock because many people had doubted whether the company could monetize its Egyptian assets. The firm believes the deal will cause investors to focus more attention on Apache’s U.S. assets, and it keeps an Outperform rating on the stock.
ARM Holdings (NASDAQ:ARMH): Deutsche Bank upgraded ARM Holdings based on valuation and analysis that indicates Intel’s (NASDAQ:INTC) share gains are less of a concern than previously expected and will have limited impact on earnings growth.
Salesforce.com (NYSE:CRM): After Salesforce.com reported stronger-than-expected second-quarter results, William Blair thinks the company could beat its full-year revenue guidance if its execution with regards to Exact Target is better than expected. The firm believes Salesforce.com’s stock is undervalued and recommends that long-term investors buy the shares.
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