Jefferies Sees Opportunity in Google Stock Among These Analyst Insights
Google Inc.(NASDAQ:GOOG): Morgan Stanley lowered Google’s price target citing the Q4 miss. Shares are Equal Weight rated. Jefferies believes foreign currency was the main reason behind Google’s Q4 earnings miss and views the 9% pullback in the stock as an overreaction. The firm recommends buying the stock on the weakness and reiterates a Buy rating on the name, while lowering its price target for shares to $825 from $850. Deutsche Bank says Google’s fundamental growth in revenue and operating profit dollars remains robust despite the company’s earnings miss in Q4 and recommends adding to positions on today’s pullback. The firm maintains a Buy rating on the stock with a $645 price target.
Intel Corporation(NASDAQ:INTC): Credit Suisse said FY12 guidance implies upside to Street EPS and the firm remains positive on Intel’s product cycle. Shares are Outperform rated.
Kinross Gold Corporation(NYSE:KGC): After Kinross Gold delayed several feasibility studies, BMO Capital lowered its target on the stock to $15., citing lack of visibility. However, the firm thinks the company could become a takeover target and it maintains an Outperform rating.
Tempur Pedic International Inc.(NYSE:TPX): In previewing Q4 earnings for the Consumer Products space, William Blair said it believes earnings could surprise on the upside for Tempur Pedic (NYSE:TPX), for Green Mountain (NASDAQ:GMCR), Smart Balance (NASDAQ:SMBL), and SodaStream (NASDAQ:SODA). The firm sees some risk to Q4 estimates for TreeHouse Foods (NYSE:THS), but continues to view the company, along with Mead Johnson (NYSE:MJN) and Perrigo (NASDAQ:PRGO), as top ideas.
Spreadtrum Communications Inc.(NASDAQ:SPRD): Spreadtrum mentioned positively at Wedge Partners
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