Research In Motion Limited (NASDAQ:RIMM): Citigroup thinks that short covering could cause a near-term rally in shares of Research in Motion, but the firm does not trust the longevity of the move higher as it thinks that the company’s fundamentals are worsening. Citi thinks that as RIM’s Q2 results beat expectations, it did not present conviction of a turnaround, and the firm keeps a Sell rating and a $5 price target on the stock.
Facebook, Inc. (NASDAQ:FB) announced an initiative enabling its users to use the social networking site to send real gifts to their friends, and Cantor Fitzgerald predicts that this could raise Facebook’s revenue by nearly 2 percent in FY13. However, the firm believes that the company added additional features over the longer term, and it keeps its Buy rating on the stock.
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Nike Inc. (NYSE:NKE): According to UBS, Nike’s China results were exacerbated but North American futures continued to be strong, and the gross margin beat will probably relieve investors. The firm keeps its Buy rating and $106 price target on the stock.
Las Vegas Sands Corp. (NYSE:LVS) target has been raised by RBC Capital due to the firm’s beliefs that the company’s growth can accelerate during 2H13 and 2014, driven by the new Sands Cotai casino. Additionally, the firm sees a rise in the probability of a dividend increase, and it keeps its Outperform rating on the stocks.
Hartford Financial Services Group Inc. (NYSE:HIG): FBR Capital believes that the sale of Hartford’s individual life insurance business to Prudential (NYSE:PRU) is positive for both companies since Prudential paid an attractive price and Hartford freed up $1.5 billion worth of statutory capital, which the firm claims exceeded expectations. Because of this, FBR believes that shares of Hartford will probably be the bigger beneficiary of deal, and it keeps Outperform ratings on both names.
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