Apollo Group Inc. (NASDAQ:APOL): Piper Jaffray says that while Apollo Group’s Q3 earnings could top expectations due to cost reductions, the company’s start and enrollment trends are likely to remain unimpressive. Piper continues to believe it is too early to own shares of Apollo Group, and thinks the company’s Q3 results will set the tone for another lackluster quarter for the postsecondary education sector.
Ryder System, Inc. (NYSE:R): Stifel Nicolaus lowered its target on Ryder after the company reduced its Q2 EPS guidance. However, the firm reiterates a Buy rating, citing valuation.
Valeant Pharmaceuticals International (NYSE:VRX): Morgan Stanley recommends buying Valeant on weakness following management’s comments regarding Q2 seasonality. The firm continues to expect to upside to fiscal year estimates driven by acquisitions. Shares are Overweight rated.
CarMax Inc. (NYSE:KMX): BGB Securities believes the causes for CarMax’s disappointing Q1 results are temporary in nature and that yesterday’s sell-off in shares presents a buying opportunity for longer term investors. The firm has a Buy rating on the stock with a $37 price target.
Procter & Gamble Co. (NYSE:PG): Procter & Gamble was removed from Focus List at Credit Suisse.
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