Equity Insights May 8th: BroadSoft, Ulta, Cognizant, Synchronoss, Lincare Holdings
BroadSoft, Inc. (NASDAQ:BSFT): Jefferies recommends using yesterday’s weakness in shares of BroadSoft as a buying opportunity. The firm maintains a Buy rating on the stock.
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA): After Ulta preannounced Q1 results that surpassed expectations, Oppenheimer thinks that the company continues to have positive momentum. The firm believes that the company can expand its margins going forward and it reiterates a $100 target and Outperform rating on the shares.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH): After Cognizant lowered its 2012 guidance, Oppenheimer is still confident in the company’s intermediate/long-range outlook. The firm still expects the company to grow at twice the rate of its industry in FY12, but it reduced its target on the shares to $72 from $82.
Synchronoss Technologies, Inc. (NASDAQ:SNCR): FBR says Synchronoss’s lowered year-end guidance for AT&T will pressure the stock, but it maintains an Outperform rating the name. FBR lowered its price target for shares to $34 from $40 but continues to view the company’s AT&T and Verizon deals as providing solid growth prospects in 2012 and 2013.
Lincare Holdings Inc. (NASDAQ:LNCR): Lincare Holdings added to the short-term buy list at Deutsche Bank
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.