Celgene Stock a Buy, Urban Outfitters Estimate Reduces Ahead of Earnings

Celgene Corporation(NASDAQ:CELG): Lazard Capital raised its price target for Celgene after meeting with management and keeps a Buy rating on the stock.

Urban Outfitters Inc.(NASDAQ:URBN): FBR Capital lowered its Q4 EPS estimate for Urban Outfitters to 33c from 36c, 3c below the consensus, citing the company’s promotional activity at Anthro. However, FBR believes the company is making progress at narrowing the spread between inventories and sales and maintains an Outperform rating on the stock.

KLA-Tencor Corporation(NASDAQ:KLAC): Stifel Nicolaus expects KLA-Tencor to beat the firm’s Q2 pro-forma EPS estimate of 71c, and the firm anticipates that the company;s bookings will come in at the high end of the company’s guidance. The firm is still upbeat on KLA-Tencor’s near-term and long-term outlook and reiterates a Buy rating.

Sealed Air Corporation(NYSE:SEE): Sealed Air added to U.S. 1 List at BofA/Merrill

Parker Hannifin Corporation(NYSE:PH): Baird said Parker Hannifin’s Q2 results were impacted by near term headwinds from Europe and Asia. The firm believes the slowdown is temporary and the second half of 2012 will be driven by North American and Asian demand. Baird maintains its Outperform rating and $106 price target.

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