EA Q3 Results Will Remove Uncertainty, Piper Lowers Molycorp Price Target
Electronic Arts Inc.(NASDAQ:EA): Cowen said the recent price decline of Electronic Arts is unwarranted. The firm believes its Q3 results will remove some of the recent uncertainty including the importance of digital sales and recent NPD data which revealed problems with various hardware providers. Electronic Arts is scheduled to report Q3 results on February 1. Shares remain Outperform rated.
Molycorp, Inc Common Stock $0.0(NYSE:MCP): Piper Jaffray lowered its price target for Molycorp shares but said its investment thesis remains intact as it continues to expect sales volume to increase 175% in 2012 and 100% in 2013. The firm reiterates an Overweight rating on the stock.
ABB Ltd.(NYSE:ABB): Afte ABB (NYSE:ABB) announced that it would acquire Thomas & Betts (NYSE:TNB) for $3.9B, Bernstein believes that the deal addresses ABB’s weaknesses and is poised to create value for ABB shareholders. The firm maintains an Outperform rating on ABB.
Parexel International Corp.(NASDAQ:PRXL): Baird raised its price target on PAREXEL following in-line Q2 earnings. The firm believes the company is well positioned heading into 2012 citing record backlogs, strong operational results, and impressive bookings. Shares are Outperform rated.
Constant Contact, Inc.(NASDAQ:CTCT): Needham expects Constant Contact will launch its new social product, Social Campaigns, tomorrow, February 1, which the firm believes could be positive for the stock. Needham thinks the product will reverse trends and improve key metrics and keeps a Buy rating on Constant Contact shares.
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