Baidu Trading at Attractive Levels and 4 Must-See Stock Analyses
Polaris Industries, Inc. (NYSE:PII): After surveying nearly two hundred power sports dealers, RBC Capital thinks that Polaris Industries, Inc.’s North American sales will continue to grow into the upper-teen range. As a result, the firm expects the company to deliver another beat and raise quarter and they reiterate an Outperform rating on their stock.
Cavium Networks, Inc. (NASDAQ:CAVM): After conducting checks, JMP Securities believes that Cavium Networks, Inc.’s competitive position has improved. This is due to the challenges and turnover at Broadcom (NASDAQ:BRCM) in the wake of their NetLogic acquisition. The firm reiterates a $35 target and Outperform rating on Cavium.
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Baidu, Inc. (NASDAQ:BIDU): Macquarie’s latest checks indicate that the impact from the search query market share loss will not be as bad as feared and that margin compression will be gradual. The firm believes that Baidu, Inc. shares are trading at attractive levels, even with lowered investor expectations and recommends purchase. Shares are Outperform rated with a $160 price target.
Google Inc. (NASDAQ:GOOG): JPMorgan expects Google Inc. to report strong third quarter results on October 18 and raised their price target for shares ahead of the numbers. The firm said that they remain positive about mobile search and YouTube and they reiterate an Overweight rating on the name.
J. C. Penney Company, Inc. (NYSE:JCP): After J.C. Penney distributed a $10 gift card to many customers, Oppenheimer believes that the move indicates that they want to attract customers since their stores have been improved. The firm noted that under the previous Chief Executive Officer, J.C Penny had hundreds of promotional events and they maintain an Outperform rating on their stock.