Analysts: Yahoo Turnaround Is Still Low and 3 More Research Notes to Read Up On
Yahoo (NASDAQ:YHOO): Topeka believes that higher user engagement statistics outlined by Yahoo CEO Marissa Mayer yesterday are encouraging and signal that the company is moving in the right direction. Regardless, the firm still has a low degree of conviction that the company can implement a successful turnaround, but it kept a Buy rating on the stock with a $32 price target.
Las Vegas Sands (NYSE:LVS): Imperial Capital views the recent sell-off in shares of Las Vegas Sands as a buying opportunity, attributing to the recent pullback to concerns the economy in China is slowing down and fears that VIP junket play could decline. It keeps a $62 price target and Outperform rating on the shares.
Chipotle (NYSE:CMG): Sterne Agee has initiated coverage of Chipotle with a Buy rating, and a $429 price target. The analyst believes Chipotle’s can double its current store base, and views unit growth as compelling.
Pandora Media (NYSE:P): Cowen has upgraded shares of Pandora to Outperform from Neutral because the firm believes that Pandora’s revenue ad opportunity will ramp up sooner than expected as it takes market share from terrestrial radio. The firm also expects internet radio listening hours to rise, driven by smartphone adoption and auto installs, both of which will monetize the platform. The price target has been raised accordingly, to $22 from $15.
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