IACI Pops on Higher Estimates, Take-Two Shares a Buy at Pacific Crest
It’s another moderately flat day for the DJIA, S&P and Nasdaq. Meanwhile, brokerage analysts finalized their latest assessments of the following top companies for shareholders and possible investors:
Take-Two Interactive Software Inc. (NASDAQ:TTWO): Despite delaying release for two games, Grand Theft Auto IV is still expected in October, so Pacific Crest says buy and maintains Take-Two as Outperform.
IAC/InterActiveCorp. (NASDAQ:IACI): Oppenheimer raises InterActiveCorp estimates. Oppenheimer makes a 2 percent adjustment above consensus, raising fourth quarter revenue and EBITDA estimates for InterActiveCorp. The firm believes both Match.com traffic and Ask.com searches are rising. The firm added 11 percent to the estimate for fourth quarter earnings-per-share and maintains an Outperform.
KIT digital, Inc. (NASDAQ:KITD): Roth Capital says KIT Digital’s IBM partnership positive. The firm expects the IBM partnership to generate high margin opportunities for KIT, generating annual revenues of at least $20 million to$30 million and maintains a Buy.
Multi-Fineline Electronix Inc. (NASDAQ:MFLX): UBS says Multi-Fineline results good for Apple. First quarter, better than expected results for Multi-Fineline are good for Apple, assumed to be the company’s largest customer. The company supplies flexible printed circuit boards. UBS rates Apple a Buy.
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