Bankrate Price Target Cut and 4 Stock Analyses Not to Miss
Halliburton Company (NYSE:HAL) reported roughly in-line Q3 results, influencing Bernstein to lower its estimates. However, the firm continues to believe that the company’s EPS will rise during 2013. The firm believes that the stock’s multiple will increase as sentiment towards the shares show improvement. The firm keeps its Outperform rating on the stock.
Unilife Corporation (NASDAQ:UNIS): Leerink stated that it left meetings with Unilife management believing that pharmaceutical contract signings by the company appear to be immediate. The firm believes that Unilife’s business fundamentals continue to be unchanged although there was a recent pullback in shares. The firm keeps an Outperform rating on the stock.
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Bankrate Inc (NYSE:RATE) target has been lowered by RBC Capital following the company’s preannouncement regarding weaker than expected Q3 results. The firm does not believe that the company’s problems are structural, and it keeps its Outperform rating on the stock.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) price target has been reduced by Deutsche Bank after the company guided for a decline in Q4 revenue. However, the firm still believes that Infiniband is in early stage penetration, and it reiterates a Buy rating on the stock.
Align Technology Inc. (NASDAQ:ALGN) reported weaker preliminary Q3 results than expected and provided weaker Q4 guidance than expected, influencing JMP Securities to think that the company’s long-term opportunity continues to be intact. The firm keeps its Outperform rating but reduced its target to $36 from $40 on the stock.
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