Brown & Brown to BENEFIT from FL Economy and 4 Stock Analyses to See Now
Texas Capital BancShares Inc. (NASDAQ:TCBI): Following a meeting with Texas Capital’s management, Sterne Agee has gained confidence regarding the growth outlook of the company. The firm predicts that the company will outperform its peers, and keeps a Buy rating while increasing its target to $51 from $45 on the stock.
Citigroup, Inc. (NYSE:C) price target has been increased by Rochdale, and the firm notes that the company trades at a significant discount to book value.
Amarin Corporation plc (NASDAQ:AMRN): Leerink believes that Amarin’s disclosure that the August Orange Book Supplement will probably not include the regulatory exclusivity status of Vascepa as a non-event. The firm still thinks that new chemical entity status determination is not imperative to Amarin since the company obtained strong patents that protect AMR101. Leerink maintains its Outperform rating on the stock.
Informatica Corporation (NASDAQ:INFA): After it spoke with with Informatica’s CEO, Roth Capital has gained confidence in the company’s outlook. Roth mentions that Informatica reported weaker Q2 results than expected, but had the ability to bounce back effectively from the 2008-2009 macro crisis. The firm keeps a Buy rating and increases its price target to $42 from $38 on the stock.
Brown & Brown Inc. (NYSE:BRO) is expected by Stephens to see benefits from improvements in Florida’s economy. The firm believes that the stock has the ability to reach $35 and it reiterates a Buy rating on the stock.
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