JP Morgan Thinks Xerox Shares Hit $7, Argus Increases Lowe’s Price Target
Xerox Corp.(NYSE:XRX): JP Morgan said Xerox is resetting cash flow estimates and that the bulls will capitulate. The analyst reiterates its Underweight rating and believes shares can go to $7.
Lowe’s Companies Inc.(NYSE:LOW): Argus increased its target on Lowe’s as the firm now expects the company’s EPS to jump about 20% in FY14. The firm maintains a Buy rating on the stock.
Cooper Industries plc(NYSE:CBE): JMP Securities increased its target on Cooper after the company reported Q4 results that the firm views as solid. The firm believes that the company will benefit from what the firm sees as the bottoming of the construction market, and it reiterates an Outperform rating on the stock.
Fusion-IO, Inc.(NYSE:FIO): FBN Securities believes margin concerns stemming from Fusion-io’s (NYSE:FIO) guidance will limit near-term upside in the stock. FBN thinks Fusion-io’s business win at Salesforce.com (NYSE:CRM), which the company highlighted on its earnings call, helps the strategic business, but feels the core business needs to grow faster. The firm keeps a Sector Perform rating on Fusion-io shares.
Synchronoss Technologies, Inc.(NASDAQ:SNCR): Wedbush expects Synchronoss to report strong Q4 results after Apple said 37M iPhones were sold in the quarter. The firm notes that AT&T and Apple are customers of Synchronoss for activation services. Wedbush reiterates an Outperform rating and $39 price target on Synchronoss shares.
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