Harley-Davidson, Inc. (NYSE:HOG): Wells Fargo recommends buying Harley-Davidson shares before the Q2 results for the company, since the firm’s checks indicate that the Q2 retail sales for the company were strong. The firm keeps its Outperform rating on the stock.
PetSmart, Inc. (NASDAQ:PETM) was removed from Nomura’s Conviction Buy List after it was downgraded to Neutral today.
Amazon.com Inc. (NASDAQ:AMZN): According to Nomura, Amazon.com’s gross margin story is in its early stages, and the firm remains optimistic on its mix shift.
Calpine Corp. (NYSE:CPN) had a solid Q2 report that reinforces Goldman’s Conviction Buy thesis. The firm increased estimates because of increased EBITDA contribution from new California power plants as well as rising hedging levels. The company’s price target was increased to $21 from $20.
Salix Pharmaceuticals Ltd. (NASDAQ:SLXP) is believed by Brean Murray to find its support today and the weakness should be purchased after reports that the FDA is requesting more clinical data for injectable Relistor. The firm stated that they have to wait until management has a meeting with the FDA to understand the length of time a resubmission will take. Shares have a Buy rating and a $57 price target.
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