Analysts: Nike Has a Strong Future and 3 Other Research Notes to Check Out
Nike (NYSE:NKE): Deutsche Bank raised its price target for Nike from $75 to $85, citing the company’s better-than-expected first-quarter results and strong futures. The firm keeps a Buy rating on the stock.
Micron (NASDAQ:MU): Stifel increased its target on Micron to $24 from $20 after meeting with company officials, as the firm believes that consolidation in the memory market could cause the industry to become rational and profitable. The firm doesn’t think this scenario is priced into the shares, and it keeps a Buy rating on the stock.
Occidental Petroleum (NYSE:OXY): Susquehanna upgraded Occidental Petroleum to Positive from Neutral. The firm upgraded shares to reflect expectations of California deal flow and potential value of restructuring. The shares’ price target is $115.
Garmin (NASDAQ:GRMN): After meeting with Garmin, Oppenheimer is more encouraged about the company’s near- and medium-term prospects. The firm believes the Street doesn’t fully appreciate the potential of the company’s outdoor and fitness products, and it thinks speculation about increases in 2014 estimates will be triggered following the company’s third-quarter results. However, the firm keeps a Perform rating on the shares.