Anaylst Insights: Cree Issued New Price Target as Shares Decline, SODA Has Growth Ahead
On Friday, the U.S. financial markets are a bit wobbly following a big banking stumble on earnings by J.P. Morgan. Analysts at various brokerage houses released their latest opinions and reviews on the following companies:
Cree Inc. (NASDAQ:CREE): Pacific Crest says Cree results in-line. The firm expects in-line results for second quarter and third quarter guidance, with gross margin as the most important. The firm rates Outperform with a $36 target.
SodaStream International Ltd. (NASDAQ:SODA): Oppenheimer says SodaStream poised for growth. The firm met with company management and came away more confident in the fast growing make at home beverage provider.The firm maintains an Outperform with a $55 target.
Essex Property Trust Inc. (NYSE:ESS): RW Baird raises target on Essex Property Trust. Citing fundamentals and Essex’s recent announcement of a preferred equity investment in an area of San Francisco, the firm maintained its Outperform and raised target from $155 to $160.
Masimo Corporation (NASDAQ:MASI): Brean Murray lowers target on Masimo. The firm says the company has solid demand, but expects a slight slowing this year. The firm retains a Buy and target lowered from $27 to $24.
Nuance Communications, Inc. (NASDAQ:NUAN): FBR Capital raises target for Nuance. The firm feels Nuance is just starting a period of large growth, citing December quarter deal activity and a solid pipeline for fiscal year 2012.The firm maintains an Outperform with target raised from $28 to $33.
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