Goldman Sachs Shares Hit By Lower Analyst Estimates, Apollo Group Price Target Raised

The DJIA Index (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY) and Nasdaq (NASDAQ:QQQ) are all trading in a flat range this morning. Brokerage analysts released their insights on the following companies today:

Ticonderoga lowered estimates for both the Goldman Sachs Group (NYSE:GS) and Morgan Stanley (NYSE:MS). The Q4 earnings estimate for Goldman Sachs was lowered to 97c from $4.12, with the 2012 estimate from $11.51 to $8.87, with Ticonderoga blaming weaker revenue trends. The firm’s Q4 estimate for Morgan Stanley was lowered to 59c from 40c, and price target for shares lowered to $19 from $22. Ticonderoga does, though, maintain a Buy rating on Morgan Stanley.

Apollo Group (NASDAQ:APOL) has seen a price target raise at BMO Capital, from $53 to $60. BMO cites Apollo’s enrollment trends improving after the company issued higher than predicted Q1 EPS ex charges and reduced the top end of its FY12 operating profit guidance range. BMO maintains an Outperform rating for Apollo, though it believes that the decrease in the company’s guidance was discouraging.

The Analyst Focus List at JP Morgan has a new addition in Och-Ziff Capital Management Group LLC (NYSE:OZM). JP Morgan made the addition due to valuation and Och-Ziff’s positive performance relative to peers, and maintains an Overweight rating on the stock.

According to Roth Capital, BioDelivery Sciences International Inc.‘s (NASDAQ:BDSI) deal with Endo Pharmaceuticals (NASDAQ:ENDP), over the latter’s chronic pain product, as revolutionary, and predicts its value to be worth at a minimum $2-3 per share for BioDelivery. Roth believes that entry points into BioDelivery for less than $2 per share are a good opportunity, and holds a Buy rating for the stock.

BMO Capital sees HCA Holdings Inc. (NYSE:HCA)’s valuation as attractive in near-term. The firm does, however, believe that HCA is less attractive than some other peers in a long-term outlook. BMO holds to a Market Perform rating on HCA.


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