Google Maintains Above-Consensus Revenue and 3 Stock Analyses to Watch
Google Inc. (NASDAQ:GOOG) target has been raised by Pacific Crest after it conducted U.S. online ad checks, and the firm has gained confidence regarding its above-consensus revenue and EPS estimates. The firm predicts that analysts’ 2013 estimates for Google will rise over the next two quarters, influencing it to keep its Outperform rating on the stock.
W.W. Grainger, Inc. (NYSE:GWW) reported weaker Q3 results than expected, causing BB&T to not expect analysts’ estimates for the company have a significant decline. According to the firm, the company’s business model is stable and it keeps its Buy rating on the stock.
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McDonald’s Corp. (NYSE:MCD) estimates have been reduced by UBS ahead of its Q3 report due to slower global same-store-sales growth and McOpco margins for September. Q3 EPS goes to $1.50 from $1.53 and 2012 to $5.46 from $5.50. Shares have a Buy rating and a $99 price target.
PNC Financial Services Group Inc. (NYSE:PNC) earnings and slowing growth disappointed Sterne Agee, but the firm continues to think that the bank has the potential to regain earnings momentum into 2013. The firm keeps its Buy rating and $74 target on the stock.
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