Domtar Corporation (NYSE:UFS): JPMorgan believes that the spread divergence between Hardwood and Softwood pulp pricing as well as inventories creates a trading opportunity in the pulp space. The firm recommends buying Domtar Corporation.
Bally Technologies, Inc. (NYSE:BYI): Following their announcement of signed contracts with two major video game operators in Illinois, Brean Murray said they would continue to be buyers of Bally Technologies, Inc. The firm said they had factored in small contributions to Bally’s estimates from Illinois video game operators and therefore believe their that estimates are too low. Shares are Buy rated with a $54 price target.
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SYNNEX Corp. (NYSE:SNX): Brean Murray said their Buy thesis on Synnex Corp. remains intact in spite of their soft third quarter results. The firm believes the company can expand their operating margins as they continue to run their best of breed core IT distribution business. Brean Murray expects their shares to be weak and said they view the $32.50 level as an attractive area to accumulate the stock. Shares are Buy rated with a $40 price target.
Ashland Inc. (NYSE:ASH): Longbow viewed yesterday’s sell off in Ashland Inc. as a buying opportunity. The firm believes the decline in Specialty Ingredients was driven by inventory destocking in energy and lower prices for gar-related products, both short-term issues. Shares are Buy rated with a $85 price target.
Universal Display Corp. (NASDAQ:PANL): Following their manufacturing partnership announcement in Korea, Cowen said Universal Display Corp. should outperform the market. Their Korean partner will drop their patent invalidation proceedings and provide further support for the ramp of new, green emitter and host materials that indicate OEM’s need to improve display performance. Shares are Outperform rated.