Harley-Davidson Retail Sales Pop and 4 Stock Analyses to Note
Carnival Corporation (NYSE:CCL) price target has been increased by Deutsche Bank to $47 from $40, and the firm has also raised the price target for Royal Caribbean (NYSE:RCL) to $41 from $39. Deutsche keeps its Buy ratings on both stocks, and it claims that the decline in industry supply could potentially drive pricing power. The firm continues to view the valuation of both companies as attractive.
Harley-Davidson, Inc. (NYSE:HOG): According to Citigroup, its most recent Harley-Davidson dealer channel checks have suggested a 10 to 12 percent rise in U.S. retail sales during November, versus the 10 percent rise during October. Citi is encouraged by the continuance of the company’s sales momentum into November, and the firm maintains its Buy rating on the stock.
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International Business Machines Corp. (NYSE:IBM) 2012 PC growth forecast has been reduced by Citigroup to down 3 percent year-over-year compared to down 1 percent due to Q4’s sub-seasonal demand. Citi keeps its Sell ratings on both Dell (NASDAQ:DELL) and Hewlett-Packard (NYSE:HPQ), and it gives IBM (NYSE:IBM) a Buy rating.
Teva Pharmaceutical Industries Limited (NASDAQ:TEVA) has been removed from Wells Fargo’s Priority Stock List due to Teva’s transitional year in 2013. The firm continues to be convinced that shares have bottomed out, and it reiterates its Outperform rating on the stock.
Phillips-Van Heusen Corp. (NYSE:PVH) valuation range has been raised by Wells Fargo since the firm predicts that the company’s acquisition of Warnaco (NYSE:WRC) will be more accretive than previosly expected, especially based on very favorable interest rates. The firm keeps its Outperform rating on the stock.