Cisco Systems, Inc. (NASDAQ:CSCO): Following checks, Stifel Nicolaus thinks that Cisco’s enterprise business went downhill in May and June before it stabilized in July. The firm believes that Cisco’s router unit keeps performing well against Juniper (NYSE:JNPR), and the firm keeps a Buy rating and a $23 target on the stock.
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Aeropostale, Inc. (NYSE:ARO): According to Piper Jaffray, it would be a buyer of Aeropostale shares into the company’s Q2 results following channel checks which suggested an acceleration in sales during August. Piper believes that management will stay positive on current business trends on the Q2 conference call, which will result in a rally in shares. The firm keeps an Overweight rating and a $20 price target on the stock.
CenturyLink, Inc. (NYSE:CTL) reported higher Q2 EPS than expected, Argus thinks that the rise in EPS estimates for the company could cause an expansion to its multiple. The firm keeps its Buy rating and a $48 target on the stock.
Summit Hotel Properties Inc (NYSE:INN): Baird stated that the valuation of Summit Hotel Properties is still compelling due to the improvement of its fundamentals and its potential to acquire nore high yielding assets. The firm believes that momentum is increasing, and its growth story remains intact. Shares have an Outperform rating and a $12 price target.
Gap Inc. (NYSE:GPS) guidance for FY13 may miss the consensus estimate of $2.08, according to Piper Jaffray, and the firm stated that it is slightly more cautious into the company’s Q2 results. Piper views Gap as one of the best positioned retailers for the 2012’s second half, and it increased its price target for shares to $41 from $38. The firm reiterates an Overweight rating on the stock.
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