Equity Alerts: Skyworks Solutions, Transocean, Salesforce.com, Acme
Skyworks Solutions Inc. (NASDAQ:SWKS): After examining iFixit’s new iPad teardown, DA Davidson believes that Skyworks is providing several different components for the device. The firm is confident that Skyworks will provide a significant amount of components of the iPhone 5 and it reiterates its Pick of the Year rating on Skyworks.
Transocean Ltd. (NYSE:RIG): Susquehanna raised its price target on Transocean to reflect higher dayrates for its deepwater fleet and improved operational performance. Shares remain Positive rated. After Transocean issued its fleet status report, Gabelli believes that the stock’s valuation is attractive and maintains a Buy rating.
Salesforce.com (NYSE:CRM): Pacific Crest raised its target on Salesforce.com as the firm believes that the company’s social products are gaining momentum with enterprise customers. The firm thinks the company can reach $10B in revenue by the end of the decade, and it maintains an Outperform rating on the stock.
Acme Packet, Inc. (NASDAQ:APKT): Morgan Stanley continues to expect Acme Packet to have sub par 2012 growth and said valuation and increased competition keeps it at an Equal Weight.
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