Analysts: Zynga Should Be Bought on Weakness and 3 More Research Notes to Explore
Zynga (NASDAQ:ZNGA): Needham believes that shares of Zynga should be bought on weakness, as they are attractive at current levels. The firm’s decision was led by Zynga’s announcement that it would reduce its staff by about 15 percent, and reaffirmed its Q2 guidance. It keeps a Buy rating on the shares.
Oracle (NASDAQ:ORCL): UBS says that the company’s strong, predictable cash flow could potentially fund a doubling of its current $0.06 quarterly dividend. The firm rates the shares at Buy, with a $37.50 price target.
Under Armour (NYSE:UA): Bank of America is anticipating Under Armour to provide a strong revenue outlook at the company’s analyst day on Wednesday, even with high expectations aside. It rates the shares at Buy, with a $68 price target.
FedEx (NYSE:FDX): Bank of America points out that FedEx is aggressively reducing its fleet of aircraft, as it is focused on reducing costs during a lackluster demand environment. As a result, the firm raised FedEx earnings estimates and raised its price target to $120 from $115. It rates the shares at Buy.
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