Six Flags (NYSE:SIX): Wells Fargo expects Six Flags to benefit from easy comps due to hot weather in summer 2012, and expects the company’s attendance to rise 3.4 percent and per capita spending to rise 1.8 percent in 2013. It recommends buying the stock, noting that the current weakness creates a buying opportunity.
Coach (NYSE:COH): Morgan Stanley expects Coach to report fourth-quarter earnings per share of 85 cents versus the consensus of 89 cents, as well as guidance that will be slightly below consensus expectations when it reports on Tuesday. The firm said that little news has been priced into shares, and the risk/reward is slightly negative, while it rates the shares at Equal Weight.
STMicroelectronics (NYSE:STM): Bank of America/Merrill Lynch has downgraded STMicroelectronics by two notches to Underperform from Buy citing the disappointing second-quarter report and guidance. The firm also lowered estimates based on slower revenue growth and gross margin improvement and has a price target of $8.
Penn National (NASDAQ:PENN): Brean Capital recommends that investors use the weakness in Penn National shares as a buying opportunity. The firm noted the company’s lowered guidance but believes management is being overly conservative. It maintains its Buy rating, citing a growth pipeline, potential value creation upon its conversion to REIT status, and the possibility it will beat guidance, but has lowered its price target to $59 from $63.