Equity Insights April 26th: Watson, Citrix, Leap Wireless, Bar Harbor
Watson Pharmaceuticals Inc. (NYSE:WPI): UBS said Watson’s acquisition of Actavis is a positive given its diversification, lower tax rate, products, and low cost manufacturing. The firm reiterates is Buy rating and expects shares to move much higher over the next 18 months. Canaccord said Watson’s $5.6B acquisition of Actavis is at a reasonable price given accretion potential and strategic benefits. Shares are Buy rated.
Citrix Systems, Inc. (NASDAQ:CTXS): Wells Fargo increased its valuation range on Citrix Systems after the company reported Q1 results that the firm views as strong The firm thinks that all of the company’s businesses are strong, and it maintains an Outperform rating on the stock.
Leap Wireless International Inc. (NASDAQ:LEAP): Canaccord lowered Leap estimates given the weaker than expected Q1 report and increasing competitive pressures. Shares are Hold rated.
Bar Harbor Bankshares, Inc. (AMEX:BHB): RBC Capital increased its target on Bar Harbor after the company reported much stronger than expected Q1 results. The firm maintains an Outperform rating on the stock.
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