Lazard Says Buy SanDisk, WellPoint Guidance Reduced
SanDisk Corp.(NASDAQ:SNDK): Lazard Capital recommends buying SanDisk shares today on the pullback on the company’s disappointing guidance. The firm believes SanDisk tends to set a low bar for revenue and gross and maintains a Buy rating on the stock. UBS removed SanDisk from its Key Call list due to recent shares strength. Shares remain Buy rated.
Open Text Corp.(NASDAQ:OTEX): RBC Capital expects Open Text to report in-line Q2 EPS, but the firm expects the stock to rise this year, partly due to productivity-driven growth and cost controls. The firm reiterates an Outperform rating.
Buckeye Technologies Inc.(NYSE:BKI): After Buckeye plunged 9% during the company’s conference call, RBC Capital says that an inaccurate Bloomberg headline confusing Q3 guidance with annual guidance contributed to the decline. The firm notes that specialty dissolving pulps prices are trending higher and it maintains an Outperform rating on the stock.
WellPoint Inc.(NYSE:WLP): Susquehanna lowered its price target on Wellpoint following disappointing Q4 results. The firm cited pressure from the company’s northern California Medicare Advantage business and management’s inability to identify a reason for the quarter’s added deterioration. Shares remain Positive rated.
Sherwin-Williams Co.(NYSE:SHW): Sees Q1 consolidated net sales up 9%-14% from Q1 of 2011.
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