Lazard Places Buy Rating on Aruba, Caution on First Solar, Allscripts Has Positive Catalyst
Aruba Networks, Inc. (NASDAQ:ARUN): Lazard Capital expects Aruba Networks to report better than expected Q2 results and guidance and believes an announcement of a share buyback program is possible, which the firm feels would be viewed positively by investors. The firm maintains a Buy rating on Aruba Networks shares.
First Solar, Inc.(NASDAQ:FSLR): Deutsche Bank’s industry checks indicate a worse than expected proposal to cut solar subsidies could get introduced at tomorrow’s cabinet minister’s meeting in Germany. Specifically, Deutsche is hearing an April subsidy cut of 15% is being discussed, along with a 2% monthly feed-in-tariff cut thereafter and 800-900KWh/KWp subsidy cap. Deutsche believes the potential for a negative Germany policy outcome could serve as a near-term overhang for solar stocks.
Allscripts Healthcare Solutions, Inc.(NASDAQ:MDRX): Sterne Agee expects Allscripts’ Q4 results and guidance to show that the company is benefiting from a number of strong positive catalysts, and the firm expects the stock’s valuation gap with its peers to narrow over time . Sterne Agee anticipates that the company will report slightly stronger than expected Q4 results.
Fuel Systems Solutions, Inc.(NASDAQ:FSYS): Lazard Capital raised its price target for Fuel Systems after meeting with management citing growing global industry demand. The firm keeps a Buy rating on the stock.
Intrepid Potash, Inc. (NYSE:IPI): Barclays expects Intrpid Potash to report softer Q4 potash volume due to weaker end of your demand. The firm’s Q4 EPS estimate is 30c vs. consensus of 31c. Shares are Underweight rated.
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