Equity Insights May 1st: GLG Life Tech, Talisman Energy, GNC, Abercrombie & Fitch, SunPower

GLG Life Tech Corporation (NASDAQ:GLGL): There is no other material information concerning GLG’s affairs that hasn’t been generally disclosed

Talisman Energy Inc. (NYSE:TLM): Talisman Energy now sees 2012 total capital expenditures about $3.6B

GNC Holdings Inc (NYSE:GNC): After speaking with management, Deutsche Bank estimates only a modest sales and earnings impact to GNC Holdings should DMAA products be removed. The firm continues to like the stock and views yesterday’s pullback as a buying opportunity.

Abercrombie & Fitch Co. (NYSE:ANF): Citigroup added Abercrombie & Fitch to its Top Picks Live list and raised its earnings estimates ahead of the company’s Q1 results on May 16. The firm expects A&F’s inventory and gross margin to show improvement and keeps a Buy rating on the stock with a $58 price target.

SunPower Corporation (NASDAQ:SPWR): Citigroup said its channel checks indicated solar product sell-through, especially in Europe, has increased significantly in the past two weeks with utilization rates at cell/module producers beginning to move higher. Citi believes the data points indicate Q2 should represent a cyclical bottom in margins at cell/module producers. The firm sees the potential for significant share upside in the sector, and upgraded this morning SunPower (SPWR) to Buy from Hold and Yingli Green (NYSE:YGE) to Buy from Sell. Citi also reiterated Buy ratings on Advanced Energy (NASDAQ:AEIS), Trina Solar (NYSE:TSL) and MEMC Electronic (NYSE:WFR). The firm kept Hold ratings on First Solar (NASDAQ:FSLR) and Suntech (NYSE:STP).

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