Zynga (NASDAQ:ZNGA): Sterne Agee believes that although the CEO pick is positive and his gaming background should serve him well in his new role, Zynga still faces challenges, including an inability to produce new hit games. The firm keeps a Neutral rating on the shares.
Micron (NASDAQ:MU): Given that DRAM inventories are low and 2014 DRAM bit growth is coming down, Sterne Agee finds that the weakness related to a competitor downgrade of Hynix presents a buying opportunity. It keeps a Buy rating on the shares.
Cree (NASDAQ:CREE): Goldman’s checks reveal that Cree’s consumer LED bulb sales have been better than expected, and as a result, the firm is incrementally more positive on Cree’s leverage to the consumer. The firm raised its price target to $73 from $60, and rates the shares at Buy.
Harley-Davidson (NYSE:HOG): In light of normalized earnings forecast and beliefs that restructuring efforts are already reflected in the stock, UBS raised its price target on Harley to $59 from $53. The firm would become more positive on the shares if retail sales show an increase above what is expected, due to easy comps or if the share price dropped to the low 50′s. The firm keeps a Neutral rating on the shares.
Investing Insights: Have Times Changed For News Corp?