Analysts: Walgreens Poised to Rebound and 3 More Research Notes to Look Over
Walgreens (NYSE:WAG): After meeting with Walgreens’ chief executive officer, BB&T believes that the company’s revenue trends have begun to rebound. The firm expects the company to benefit from share gains in pharmaceuticals and increased promotions, raising its price target on the stock to $59 from $53 while keeping a Buy rating on the shares.
Gulfport Energy (NASDAQ:GPOR): Credit Suisse would use the weakness in Gulfport Energy as a buying opportunity following reduced 2013 production guidance and negative Utica revisions. The firm would focus on solid wet and dry gas portions of the play and has reiterated its Outperform rating and $72 price target.
Blackstone (NYSE:BX): Citigroup removed Blackstone from its Top Picks Live list, seeing a more attractive risk/reward with FXCM (NYSE:FXCM). The firm, however, chose to keep a Buy rating on Blackstone with a $30.75 price target.
Cadence Design (NASDAQ:CDNS): Piper Jaffray views the recent 10 percent pullback in shares of Cadence Design as overdone and reiterates an Overweight rating on the stock. Piper attributes the sell-off to a lack of a guidance raise on the company’s July 24 earnings call, but pointed out that Cadence has above-average earnings predictability.