Carnival Price Target Cut, Analyst Says Buy Boeing, SAP Undervalued

Heading into the closing bell, the DJIA, S&P and Nasdaq are each in positive territory following a nice boost to buyer sentiment today. Brokerage analysts on Wall Street revealed key research to investors and traders today. Here’s what they had to say:

Boeing (NYSE:BA): Sterne Agee says fourth quarter earning-per-share for Boeing should be higher than expected. The firm cites a move from 787 sales by Boeing. The firm maintains a Buy.

Carnival (NYSE:CCL): Carnival and Royal Caribbean feeling the misfortune of the Costa Concordia. How much effect will there be on cruise demand? The answer will hinge on what caused the grounding. Citigroup lowered target on both cruise lines, Carnival from $44 to $40 and Royal Caribbean from $38 to $36 but kept both companies at Buy.

SAP (NYSE:SAP): ThinkEquity says SAP shares undervalued. The company pre-announced positive fourth quarter results according to ThinkEquity.  The firm feels share price is not reflecting the company’s licensing business. The firm predicts improvement for SAP’s monetization levels and maintains a Buy.

Noble Corp (NYSE:NE): Wells Fargo lowers Noble Corporation valuation range from $54-$56 to $45-$47. Downtime for the company’s fleet was reported higher than expected from 2012 estimates. The firm maintains an Outperform.

Watson Pharmaceuticals (NYSE:WPI): Cowen says buy Watson Pharmaceuticals. Cowen cited cash flow, expanding margins and growing brands as reasons to buy.  Of the generic manufacturers, Cowen thinks Watson Pharmaceuticals has a better balance. Shares are Outperform.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com