Dell Estimates LOWERED Due to Reduced Demand and 3 Stock Analyses Not to Ignore
Lufkin Industries Inc. (NASDAQ:LUFK) has been added to Citigroup’s Top Picks Live list due to improving demand for artificial lift technologies and valuation.
Dell Inc. (NASDAQ:DELL) estimates have been decreased by CLSA because of weaker PC trends but thinks that the bar has been reset and that comps will ease in early 2013. Shares have an Outperform rating.
Best Buy Co. Inc. (NYSE:BBY): JPMorgan thinks that Best Buy’s results had some “silver linings,” which includes better than expected domestic comps, lower SG&A, and optimism regarding the second half product launches, but the company’s fundamentals are still weak. The firm lowered its target on the stock to $18 from $22; it did not increase its target as previously reported. The firm keeps a Hold rating on the stocks.
Qihoo 360 Technology Co Ltd (NYSE:QIHU): According to Jefferies, Qihoo’s new search product has begun to gain popularity and should monetize by 2012. The firm predicts that the Q3 ad outlook will be strong and that web games growth will be strong because of paying user base expansion. Shares have a Buy rating.
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