Dish Target Increased After Voom Settlement and 4 Stock Analyses Making Headlines Today
Monster Beverage Corp. (NASDAQ:MNST) fundamental outlook is believed by Citigroup to be unclear after its reports of fatalities associated with consumption of Monster’s energy drinks. Additionally, Citi thinks that the argument for a takeover of Monster Beverage is no longer a concern. The firm believes that the stock is not cheap even after yesterday’s pullback, and it maintains its Neutral rating with reduced price target of $50 on the stock.
Wisdom Tree Investments (NASDAQ:WETF) has been removed from its Citigroup’s Top Picks Live list due to the company’s 29.9 million secondary offering. However, Citi maintains its Buy rating and a $9.50 price target on the stock.
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Acme Packet, Inc. (NASDAQ:APKT): According to William Blair, after four quarters of earnings disappointments, Acme Packet has the potential to meet or beat consensus estimates during Q3 and affirms its full-year outlook. The firm believes that there is a favorable setup into the quarter, but believes that the company’s long-term headwinds will continue. The firm keeps a Market Perform rating on the stock.
CNB Financial Corp. (NASDAQ:CCNE) reported higher Q3 EPS than expected, causing RBC Capital to think that the bank’s long-term loan growth outlook continues to be favorable as its margins will be stronger than those of other community banks. The firm reiterates its Outperform rating on the stock.
Dish Network Corp. (NASDAQ:DISH) target has been raised by RBC Capital after the company reached a settlement with Voom and a carriage agreement with AMC Networks (AMCX), due to the firm’s beliefs that the deals remove an overhang on the DISH. The firm keeps its Outperform rating on the stock.
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