Analysts: Video Poses an Opportunity for Facebook and 3 Other Notes to Check Out
Facebook (NASDAQ:FB): Goldman views video as a significant opportunity for Facebook and as a compelling proposition for brand advertisers. The analyst reiterates its Buy rating and raised its price target on the shares from $46 to $52 in order to bring the multiple in-line with peers.
Intel (NASDAQ:INTL): Stifel believes that the power efficiency of Intel products and its overall platform design have improved. The firm expects the company to gain share in tablets and mobile devices and it keeps a $28 price target and a Buy rating on the shares.
Caterpillar (NYSE:CAT): OTR Global research indicates that Caterpillar’s new equipment demand is weak in every region except North America and that the company is not refilling Product Distribution Centers, indicating lack of near-term confidence.
Berry Plastics (NYSE: BERY): RW Baird believes the Berry Plastics Analyst Day meeting is likely to be a positive catalyst for the shares as they expect particular emphasis on its product commercialization, deleveraging financial targets, and confirmation that volume weakness in the first half of 2013 has moderated. The shares are Outperform rated with a $27 price target.