Blackberry and 4 Top Stocks with New Analyst Ratings and Price Targets
Baidu, Inc. (NASDAQ:BIDU): Current Price: $95.50
According to Piper Jaffray, consensus earnings expectations for Baidu may drop slightly after its Q4 results to reflect its investment in promoting products. However, Piper is convinced that Baidu has the potential to reaccelerate earnings growth during 2014 and recommends owning the stock prior to the acceleration. The firm decided to reiterate its Overweight rating but lower its price target to $140 from $146 on the stock.
Blackberry (NASDAQ:BBRY): Current Price: $16.08
After it surveyed 30 phone stores in the UK, Deutsche Bank believes that BlackBerry’s new Z10 device is not being promoted by carriers and that sales representatives did not talk up the phone. Furthermore, Deutsche claimed that every store except one had the Z10 in stock. The firm has said that the survey results are “not great,” but it believes that BlackBerry’s staggered launch will provide it with the time to fix the issues. Deutsche continues to be on the sidelines concerning BlackBerry shares, and the firm reiterates its Hold rating on the stock.
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Hewlett-Packard Company (NYSE:HPQ): Current Price: $16.52
According to Jefferies, Michael Dell has created a special takeout situation for Dell (NASDAQ:DELL), and Hewlett-Packard (NYSE:HPQ) is probably will not find interest for a leveraged buyout. The firm has added that its analysis shows a Dell transaction range of $13 to $14 per share, which implies $12.50 to $13.50 per share for Hewlett-Packard. Jefferies has reiterated its Underperform rating on Hewlett-Packard shares, as it claims that its sum-of-parts valuation yields a $10 per share value for the company.
Hologic Inc. (NASDAQ:HOLX): Current Price: $23.04
Hologic provided in-line FY13 EPS guidance, which causes Cantor to think that the guidance is likely to be very difficult for the company to beat, considering its comment that 3D tomo probably will not exceed previous expectations during the year. The firm believes that the company will see several near-term challenges, and it keeps its Hold rating, but the firm says that it would “become more constructive” on the stock if shares reach the $20 level.
Yum! Brands, Inc. (NYSE:YUM): Current Price: $61.86
The firm has made a sharp reduction to its FY13 guidance because of the health scare regarding its chicken in China, causing Bernstein to see little urgency to take a position in the stock at this time. The firm keeps a Market Perform rating on the stock.
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