Analysts: Priceline’s Lower Guidance is Not a Concern, and 2 Other Research Notes to Read
Priceline.com (NASDAQ:PCLN): Cantor is not concerned over the lower than expected Q2 EPS guidance, as it reflects the risky macro environment, and higher ad spending to drive growth. It believes that the company reported solid Q1 results, and keeps an Buy rating and price target of $800.
Rick’s Cabaret (NASDAQ:RICK): Momentum is turning for Rick’s Cabaret, and Brean Capital keeps its earnings forecast intact despite a Q1 revenue miss. The firm believes Rick’s is positioned to register double digit top and bottom line expansion, citing numerous acquisition opportunities, and impending new concept club roll-outs. It keeps a Buy rating and $14 price target.
Freescale (NYSE:FSL): Following a meeting with Freescale’s Global Head of IR, Oppenheimer thinks that the company’s tone remains upbeat, and believes that the gross margins will be boosted by its emphasis on improving manufacturing efficiencies. It keeps an Outperform rating on the shares.
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