Macy’s Stock Up on Credit Suisse Upgrade, Shares of Tesla, Expedia and Denny’s Pop
Analysts on Wall Street reviews the following public companies this morning, giving juice to the rising indices. Here is what analysts rated and shed insight on today:
Macy’s, Inc. (NYSE:M): Credit Suisse raised Macy’s target from $32 to $36. While Macy’s competitor are trying to reposition or realign stores, Credit Suisse see further gains for Macy’s and rates it an Outperform.
Expedia Inc. (NASDAQ:EXPE): Susquehanna raised Expedia target from $31 to $36. Susquehanna cited the TripAdvisor (TRIP) spin-off – expected to improve margins, and tech upgrade cycle end, making risk versus reward look very good. The firm rates EXPE Positive.
Tesla Motors, Inc. (NASDAQ:TSLA): Pacific Crest say bur Tesla before earnings. Pacific Crest believes Tesla Model S pre-orders will increase from their estimate of 6,500 to 8,000. Pacific Crest says that will create appreciation and maintains an Outperform.
Denny’s Corporation (NASDAQ:DENN): BGB Securities says buy Denny’s. BGB Securities believes Denny’s has turned the corner and feels the momentum after positive same-store-sales growth for three straight quarters. The firm likes current levels for Denny’s and reiterates a Buy with a $5.50 target.
Apollo Group Inc. (NASDAQ:APOL): Argus raised Apollo Group target from $55 to $63. Reporting higher than expected first quarter earnings-per-share, and strong enrollment growth promoted the raise by Argus. The firm maintains a Buy.
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