Analysts: NVIDIA Faces Tegra Risks and 3 More Research Notes to Look Through
NVIDIA (NASDAQ:NVDA): Wells Fargo has downgraded NVIDIA to Market Perform from Outperform, citing market share and Tegra processor sales risk ahead of the company’s results on August 8. The firm also lowered its price target for shares to $14-$17 from $15.50-$18.50.
Jacobs Engineering (NYSE:JEC): Sterne Agee expects Jacob Engineering to benefit from the strength of the North American energy sector, and as a result, the firm increased its target on the shares to $70 from $60. It keeps a Buy rating on the stock.
3D Systems (NYSE:DDD): Brean Capital continues to view 3D Systems as attractive following its second-quarter results. The firm cited expectations of continued revenue growth, gross margin expansion, and reasonable valuation, and rates the shares at Buy.
Northern Tier (NYSE:NTI): Macquarie downgraded Northern Tier based on lower forecasted distribution levels due to tighter Bakken and Canadian crude price differentials, and backwardation in the crude oil market. The price target has been lowered to $27 from $31.