Twitter Inc. (NYSE:TWTR) Sterne Agee established coverage of Twitter ahead of next week’s initial public offering and stated that the base case for the shares is $25 to $32 per share over the course of the next 12 to 24 months; the firm has not established a rating for Twitter stock yet, but said shares appear attractive if priced within the $17-$20 price range.
Palo Alto Networks (NYSE:PANW): Pacific Crest believes that the overhang created by Palo Alto’s litigation with Juniper (NYSE:JNPR) offers an opportunity to buy Palo Alto at a weakness; the firm doesn’t expect the outcome of the litigation to be as negative for Palo Alto as the market fears, and the analyst keeps an Outperform rating on the stock.
UPS (NYSE:UPS): Argus increased its price target on UPS to $110 from $98 after the company reported higher-than-expected third-quarter earnings per share; the firm expects the company to benefit from growth in the e-commerce industry as well as improving global macroeconomic conditions, and it keeps a Buy rating on UPS stock.
Morgan Stanley (NYSE:MS): In the wake of recent shareholder activism, Morgan Stanley said Darden could create $12 per share in value by spinning off the faster-growing Specialty Restaurant Group and monetizing real estate holdings; however, the firm believes the best near-term options are capital expenditure cuts, and the analyst maintains its Equal Weight rating.
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