Analysts: Yahoo Bolstered by Alibaba Valuation and 3 Other Research Notes to Look Over
Yahoo (NASDAQ:YHOO): UBS raised Yahoo’s price target to $37 from $30 to reflect Alibaba valuation. The shares are Buy rated.
VeriSign (NASDAQ:VRSN): Wells Fargo reports that VeriSign’s third-quarter .com and .net sales are exceeding its guidance range, according to ICANN’s zone file. Net adds appear to have picked up in September, said the firm, which thinks its fourth-quarter net add estimate could be conservative. Wells keeps an Outperform rating on the stock.
Noble Corp. (NYSE:NE): After Noble announced that it would spin off its legacy rigs, Bernstein estimates that the move will only boost the stock’s valuation by 8 to 12 percent. The firm keeps a neutral outlook on the stock.
Cameron (NYSE:CAM): Sterne Agee believes that the risk/reward ratio for Cameron’s stock over the next 12 months is compelling. After speaking with the company’s management, the firm has increased confidence that Cameron can meet its fourth-quarter guidance, which implies significant earnings per share growth. The firm predicts that the company’s share repurchase program will please investors, and it reiterates a Buy rating on the stock.