Facebook Finds a Fan in SunTrust, Honda’s New Accord, and 3 More Hot Stocks
Facebook Inc. (NASDAQ:FB): SunTrust had some bullish estimates on Facebook, and slapped it with a Street-high $55 price target. The firm believes revenues could swell to roughly $2 billion by 2017, driven by product launches like video ads, Instagram monetization, and Graph Search. Further, the current 20x EBITDA multiple on the firm’s 2015 expectations implies a value of $59 per share.
Honda Motor Co. (NYSE:HMC): When Honda launches its new Accord hybrid, the company will be pitching the car as the industry leader for fuel economy, with its 47 miles per gallon combined rating besting its Japanese rival Camry, which manages just 41mpg. However, those figures put it neck and neck with the Ford Fusion and its 47mpg combined rating. However, Ford has been under fire from buyers claiming their vehicles are not meeting the mileage expectations, though time will only tell how the Honda holds up.
United Airlines (NYSE:UAL): Nearly 600 pilots have been brought back from a furlough reaching to when the recession caused fuel prices to rocket upward, and the airline had to downsize rapidly. The returning pilots are the last of 1,437 United pilots furloughed in 2008 and 2009, according to the Air Line Pilots Association. United has about 12,000 pilots total; training starts next month and will continue through the end of the year.
Goldman Sachs Group (NYSE:GS): The Financial Times is reporting that Goldman Sachs is planning to shed a majority stake in Rothesay Life with Blackstone (NYSE:BX) and Singapore sovereign wealth fund GIC. The divestiture would be a part of the bank’s strategy to fall within compliance of more stringent capital regulations.
Royal Dutch Shell (NYSE:RDSA): Shell will be paying out $1.1 million in order to settle claims with the Environmental Protection Agency that it violated air pollution permits while drilling in the U.S. Arctic last year. About $390,000 was paid for violating the federal permit for emissions from its Kulluk drilling rig in the Beaufort Sea, while $710,000 was allotted for violations of the air permit associated with its drillship Discoverer.