Analysts: Time Warner Cable is a Top Pick and 3 New Opinions Investors Must Take A Peek At
Time Warner Cable (NYSE:TWC): According to Morgan Stanley, there are plenty of opportunities down the road for Time Warner. The analysts said it was their top pick in U.S. cable because of Time Warner’s low valuation and expectations as well as potential 2014 acceleration. Shares are Overweight rated with a price target of $99.
Freeport McMoRan (NYSE:FCX): According to Cowen, Freeport McMoRan will need to increase its bid for Plains Exploration & Production (NYSE:PXP) to obtain a favorable shareholder vote. The higher bid may cause near-term weakness, which would create a buying opportunity. Freeport is Buy-rated at the firm and has a $45 price target.
Synaptics (NASDAQ:SYNA): Pacific Crest expects strong tablet demand and a transition to more expensive clickpads to enable Synaptics to offset weak PC notebook demand. The firm reiterates a $45 price target and a buy recommendation.
Valero Energy (NYSE:VLO): Cowen believes Valero Energy shares will react positively to the approval for the spin-off of its retail segment. The valuation is slightly above the Cowen’s estimates. Shares of Valero are Buy rated with a $55 price target.