Equity Insights May 14th: Estee Lauder, AFLAC, Sina, Zions
Estee Lauder Companies Inc. (NYSE:EL): CLSA said weak NPD data is due to a timing issue and that Estee Lauder weakness is a buying opportunity. Shares are Buy rated with a $73 price target.
AFLAC Inc. (NYSE:AFL): Credit Suisse said Aflac’s Q1 conference call gave it increased confidence that the company is addressing lower margin growth challenges and is poised for improved returns in 2013. Shares are Outperform rated with a $57 price target.
Sina Corp. (NASDAQ:SINA): Maxim lowered its price target for SINA citing a potential market slowdown and reiterates a Sell rating on the stock ahead of the company’s Q1 results.
Zions Bancorp. (NASDAQ:ZION): Morgan Stanley said Zions Bancorp remains a top pick given relative valuation, reduced capital structure, and earnings growth. Shares are Overweight rated with a $37 price target.
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