Citi Issues Buy on Netflix to $130, Urban Outfitters in Turnaround, ULTA a Best Stock Idea

Netflix, Inc. (NASDAQ:NFLX): Citi’s consumer survey in March indicated overall customer satisfaction with Netflix remains relatively robust and that the company’s online video competitive position has not seen major erosion. Citi continues to view the current valuation as reasonable and reiterates a Buy rating on Netflix shares with a $130 price target.

Urban Outfitters Inc. (NASDAQ:URBN): Morgan Stanley expects Urban Outfitters to have a turnaround in 2012 top line growth and for 2H comps to be positive. The firm recommends buying shares on weakness and reiterates its Overweight rating and $31 price target.

SodaStream International Ltd. (NASDAQ:SODA): Following meetings with management, William Blair has increased conviction that SodaStream’s business trends remain healthy and that initiatives are in place to create upside potential in 2012. The firm finds the valuation of shares attractive at current levels and maintains an Outperform rating on the stock.

FXCM Inc (NYSE:FXCM): JPMorgan added FXCM to its Analyst Focus List citing potential upside from the company’s recently built out Japanese business. The firm keeps an Overweight rating on the stock with a $14 price target.

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA): JPMorgan reiterated Ulta Salon as its best idea for 2012 following the company’s quarterly results. The firm raised its estimates and price target and keeps an Overweight rating on the stock.

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

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