Analysts See Upside for EMC, Tesla Longer Term Play, F5 Positive As First Solar Gloomy
In the third week of trading action of 2012, stocks are seeing continued buyer’s momentum to the upside. Among the sea of stocks, analysts shed light on the following companies today for shareholders to re-examine their investments:
EMC (NYSE:EMC): Piper Jaffray sees slight upside at EMC. The firm say forth quarter estimates should by slightly up and revenues for fiscal year 2011 at $20 billion. Current valuation still looks good and the firm reiterates an Overweight with a $33 price target.
Tesla Motors (NASDAQ:TSLA): Morgan Stanley labels Tesla Motors a long Research Tactical Idea. The firm says Telsa should move up after the recent sell-off, but still has concerns about consumers moving to electric vehicles and maintains Underweight.
First Solar (NASDAQ:FSLR): Cantor thinks First Solar will dim to new lows. While shares have seen progress in recent weeks, the firm expects First Solar to fall lower along with solar panel prices. The firm reiterates a Sell.
F5 Networks (NASDAQ:FFIV): Think Equity sees F5 Networks positive into earnings and predicts the company will exceed expectations the first half of the year. The firm feels first quarter results coup push the price to $127 and maintains a Buy.
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