Netflix (NASDAQ:NFLX): According to Cantor, Netflix will benefit disproportionately from the rise of Internet TV and believes its price leverage isn’t adequately reflected in current expectations. It raised its price target to $180 from $150, while keeping a Buy rating.
F5 Networks (NASDAQ:FFIV): According to Wells Fargo, F5′s negative pre-announcement reflects the lumpy nature of the carrier business. The firm thinks the company has a number of attractive opportunities ahead and adds that product growth should bottom during Q2 and turn positive by 1H14. It maintains an Outperform rating.
ON Semiconductor (NASDAQ:ONNN): After conducting supply chain checks, Pacific Crest believes that resales of ON’s products exceeded expectations in Q4, while the company’s backlog for Q2 is firming. The firm thinks the company’s revenue is nearing a bottom and it recommends buying the stock at current levels.
Niska Gas (NYSE:NKA): Niska has announced a restructuring initiative, and RBC Capital believes that the move is a positive one. However, the firm believes that natural gas storage fundamentals remain challenging and the company’s leverage metrics remain high. It keeps a Sector Perform rating on the stock.
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