Analysts: Navistar Agreement Will Prevent Proxy Fight and 3 More Research Notes to Browse

Navistar (NYSE:NAV): Following Navistar’s agreement to increase board representation of minority shareholders and allow them to obtain higher ownership levels before a poison pill is triggered, Wells Fargo thinks the actions will prevent a proxy battle and views this outcome as positive for the stock. Wells also believes that strategic investors could buy stakes in the company as a result of the poison pill rule change but thinks that the company’s fundamentals remain challenging. It keeps a Market Perform rating on the stock.


Green Mountain Coffee Roasters (NASDAQ:GMCR): Dougherty has lowered its price target to $80 from $85 given the 2013 and 2014 estimates. The firm now expects an 11 percent June quarter revenue growth figure compared to consensus projections of 13.2 percent.


Herbalife (NYSE:HLF): DA Davidson believes that in the wake of The New York Post reporting that consumer groups would meet with Federal Trade Commission officials on Monday to demand an FTC investigation, the company will be probed but that it will reach a deal with the agency that will be very favorable for the stock. The firm reiterates a $78 price target and Buy rating on the shares.


Palo Alto Networks (NYSE:PANW): Following checks, JMP Securities believes that Palo Alto continues to displace competitors in the next-generation firewall market despite investor concerns about competition getting tougher. The firm thinks the company’s advanced malware service represents a key catalyst, and it reiterates an Outperform rating on the stock.


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