Equity Insights Mar. 21st: Cree, Research In Motion, Servicesource, Affiliated Managers, Focus Media
Cree Inc. (NASDAQ:CREE): Morgan Stanley said LED consumer growth remains uncertain and that Cree’s valuation prices in top line growth. Shares are Equal Weight rated.
Servicesource International Inc (NASDAQ:SREV): Morgan Stanley said underlying growth in ServiceSource’s installed base will drive shares higher and they see upside to estimates. Shares are Overweight rated with a $21 price target.
Affiliated Managers Group Inc. (NYSE:AMG): Citigroup believes Affiliated Managers’ acquisition of Veritable could be the first in a series of transactions that could unlock significant shareholder value. The firm raised its price target for shares and keeps a Buy rating on the stock.
Focus Media Holding Ltd. (NASDAQ:FMCN): Morgan Stanley notes Focus Media’s discounted valuation, sales growth, and new interactive ad services. Shares are Overweight rated.
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