Illumina Inc. (NASDAQ:ILMN): According to Credit Suisse, a possible acquisition range for Illumina will be $60 to $70 per share due to recent public and private deals within the tools and diagnostics space. Shares have an Outperform rating and a $55 price target.
Facebook, Inc. (NASDAQ:FB) shares are expected by JPMorgan to face near-term pressure as Zynga’s (NASDAQ:ZNGA) negative preannouncement has a negative effect on Facebook’s high-margin Payments revenue. The firm has reduced its 2013 Facebook Payments revenue estimate to $582 million from $797 million and lowered its price target to $28 from $30 on shares. The firm maintains its Overweight rating on on the stock, as it still expects Facebook’s Advertising revenue to accelerate.
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RadioShack Corp. (NYSE:RSH) estimates have been reduced by UBS as a means to reflect more uncertainty including the resignation of its CEO, onerous credit line terms, and incremental cost cutting efforts. Shares have a Sell rating.
Cabot Oil & Gas Corporation (NYSE:COG) price target has been increased by Canaccord based on incremental Marcellus growth that was driven by system optimization. Shares keep a Buy rating.
SAP AG (NYSE:SAP) has been called a long Research Tactical Idea by Morgan Stanley.