Analysts: News Feed Video Ads Could Boost Facebook and 3 Other Research Notes to Peruse
Facebook (NASDAQ:FB): Macquarie continues to expect in-News Feed video ad units to be a meaningful advertising opportunity for Facebook despite reports of launch delays. The analyst believes Facebook continues to refine the concept and address user concerns, and it expects the launch by the end of 2013 or early 2014. Facebook remains a top pick and is Outperform rated, with the price target on the shares increased to $49 from $40.
Quiksilver (NYSE:ZQK): Credit Suisse upgraded Quiksilver to Outperform from Neutral given gross margin stabilization, integration progress, controlled SG&A spending, improved inventory management, and visibility. The price target on the shares has been raised to $9 from $6.
Six Flags (NYSE:SIX): Wells Fargo believes that the risk/reward on shares of Six Flags is favorably skewed due to improved weather conditions in July and August as well as a limited impact from the Arlington, Texas, park tragedy. Wells has an Outperform rating on Six Flags with a $40-$42 price target range.
Foot Locker (NYSE:FL): Credit Suisse continues to view Foot Locker’s risk/reward profile as attractive following recent management meetings. The firm came away with increased confidence in its segment positioning, prospects, and initiatives that support earnings growth. The shares are given an Outperform rating with a $43 price target.
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