Goldman Reduces AMZN Share Price Target After Earnings, Needham Has Strong Buy on Polypore

Polypore International Inc.(NYSE:PPO): Needham believes LG Chem’s announcement that it will produce separators is likely to have minimal financial impact to Polypore since the material will be used in consumer electronic devices and not electric vehicles. The firm views yesterday’s sell-off in Polypore shares as creating a good buying opportunity and reiterates a Strong Buy rating on the stock.

Amazon.com Inc.(NASDAQ:AMZN): Amazon.com price target lowered to $182 from $190 at Goldman.

PerkinElmer Inc.(NYSE:PKI): Goldman continues to see upside to FY12 estimates and believes the company’s transformation is under-appreciated. Shares are Buy rated with a $31 price target, up from $27.

Medivation, Inc.(NASDAQ:MDVN): Wedbush raised its estimates and price target for Medivation after the company reported positive AFFIRM results. The firm believes the results confirm MDV3100’s promise as a treatment for prostate cancer and keeps an Outperform rating on the stock.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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