CA Technologies (NASDAQ:CA) and Amdocs (NYSE:DOX) is reported by Oppenheimer to have solid balance sheets along with high recurring revenue. The firm thinks that both companies possess “dynamic opportunities,” and it keeps an Outperform rating on both stocks.
Investing Insights: Wall St. Brief: Samsung Hurting After HUGE Loss to Apple, GM DENIES Job Cuts.
Apple Inc. (NASDAQ:AAPL) target has been increased by Oppenheimer, due to the company’s court victory against Samsung, along with expectations for a record iPhone launch and mini iPad momentum. Oppenheimer keep a Buy rating on the stock.
Google Inc. (NASDAQ:GOOG): According to Barclays, Apple’s (NASDAQ:AAPL) court win against Samsung will not show much impact on Android’s momentum globally but may show impact to U.S. strength. Baird stated that the verdict in the Apple patent trial has given more justification to Google’s Motorola Mobility acquisition. The firm believes that the company has hedged itself as a hardware manufacturer and mentions its rich patent portfolio. Baird thinks that the headlines could be more dramatic than the actual outcome of the changes within the Android market. Shares have an Outperform rating and a $750 price target.
Genesco Inc. (NYSE:GCO): Baird stated that Genesco Q2 results will probably provide upside results due to better than expected comps. The firm thinks that the shares have attractive valuation going into Wednesday’s results and predicts an upside but conservative guidance. Baird names Genesco a top pick and keeps its Outperform rating and $82 price target on the stock.
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