Analysts: Verizon Deal a Significant Positive and 3 Other Research Notes to Browse
Verizon Communications (NYSE:VZ): Wells Fargo views Verizon’s acquisition of Vodafone’s (NASDAQ:VOD) stake in Verizon Wireless as a significant positive for Verizon shares. Wells Fargo believes that the deal removes a major overhang on Verizon and keeps an Outperform rating on the stock.
LeapFrog Enterprises (NYSE:LF): BMO Capital downgraded LeapFrog to Market Perform from Outperform after reviewing the new LeapPad Ultra and finding several glitches with the product. The firm has concerns that poor reviews will hurt retail demand. Its price target on the shares has been lowered to $10 from $15.
Constellation Brands (NYSE:STZ): Goldman believes that Constellation Brands’s purchase of the Corona Extra brand and Modelo Especial strength will drive accelerating beer volumes and that cost savings will add to earnings. The firm upgraded the shares from Neutral to Buy and raised its price target to $65 from $59.
Intuitive Surgical (NASDAQ:ISRG): William Blair said that it is a buyer of Intuitive Surgical shares after meeting with company CEO Gary Guthart and conducting an analysis of system placement and utilization trends. The firm sees an upside to expectations and keeps an Outperform rating on the stock.