Cirrus Logic Deemed Safe Haven and 4 Stock Analyses to Know Now
Alkermes, Inc. (NASDAQ:ALKS): Current price $22.33
Following the 20% rise over the past few months and given the company’s wholly-owned late-stage assets such as ALKS-9070 for schizophrenia, Citigroup said that there is a substantial amount of further value to be recognized in shares of Alkermes, Inc. The firm raised their price target for shares from $27 to $30 and keeps a Buy rating on the stock.
Baidu, Inc. (NASDAQ:BIDU): Current price $109.79
Maxim said that Baidu, Inc.’s likely investment in online security software developer Kingsoft, as reported by local media, may not materialize. Maxim finds it “highly uncertain” whether Kingsoft will be able to gain significant shares with Baidu’s support. The firm reiterates a Sell rating on Baidu shares with an $80 price target.
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Verizon Communications Inc. (NYSE:VZ): Current price $42.49
Pacific Crest expects Verizon Communications Inc. to announce a positive outlook for 2013 next week and the firm maintains a $53 price target and Outperform rating on the shares.
Weatherford International Ltd. (NYSE:WFT): Current price $11.6662
Given their under-appreciated earnings power and margin tailwinds from Artificial lift, drilling, construction, and formation evaluation, Macquarie named Weatherford International Ltd. a Top Pick for 2013. Shares are Outperform rated with a $17 price target.
Cirrus Logic Inc. (NASDAQ:CRUS): Current price $27.86
Sterne Agee believes that order cuts by Apple (NASDAQ:AAPL) have likely already been reflected in Cirrus Logic Inc.’s revenue guidance for their March quarter. The firm believes that Cirrus is a relative safe haven in a weak macro environment. They maintain a Buy rating on the stock.
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