Facebook IPO Positive for Sina Corp, Deutsche Bank Lists Amazon.com Shares a Buy
Sina Corp. (NASDAQ:SINA): Piper Jaffray believes Facebook’s IPO filing could be a positive near-term catalyst for shares of SINA and reiterates an Overweight rating on the stock. Piper thinks the valuation for Facebook could provide a potential floor to shares of SINA in the low $60 range and said it would be aggressive buyers of SINA should the stock pullback to that range.
Amazon.com Inc. (NASDAQ:AMZN): Deutsche Bank thinks Amazon.com’s operating profit dollars could surprise to the upside in coming quarters and said it would be a buyer of the stock on the weakness post the company’s Q4 results. The firm lowered its price target for shares to $235 from $246 and keeps a Buy rating on the name. Citigroup lowered its estimates and price target for Amazon.com following the company’s top-line miss in Q4 and weaker than expected guidance. However, Citi says its long thesis remains intact and reiterates a Buy rating on Amazon shares.
Broadcom Corp. (NASDAQ:BRCM): Deutsche Bank believes concerns of share loss in connectivity are overblown after Broadcom reported slightly better than expected results and guidance. The firm raised its price target for shares and reiterates a Buy rating on Broadcom.
Quiksilver Inc. (NYSE:ZQK): Roth Capital’s checks give it increased confidence in QuickSilver’s growth prospects. Shares are Buy rated with a $6 price target.
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