McCormick Pullback Creates Entry Point and 4 Stock Analyses to Note
Research In Motion Limited (NASDAQ:RIMM): William Blair believes Research in Motion Limited continues to face structural problems in spite of the company’s better than expected second quarter results. The firm says nothing on RIM’s earnings conference call led it to be incrementally positive, and that BlackBerry 10 may prove to be “too little, too late.” William Blair keeps a Market Perform rating on their shares.
QUALCOMM Incorporated (NASDAQ:QCOM): UBS removed Qualcomm Incorporated from their Key Call List due to near-term iPhone shipment concerns that could result in a soft December quarter. Shares remain Buy rated.
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McCormick & Co. Inc. (NYSE:MKC): Jefferies believes that McCormick & Co. Inc.’s management is being cautious with their fiscal year 2012 guidance and views yesterday’s pullback in shares as creating an entry point. The firm raised their price target for shares from $67 to $70 and keeps a Buy rating on the name.
Nike Inc. (NYSE:NKE): Citigroup sees limited upside in shares of Nike Inc. in spite of the post earnings pullback and keeps a Neutral rating on their stock. Citi said that a pullback to the mid $80s or added confidence in gross margin improvement would cause them to become more positive about Nike shares.
CNH Global NV (NYSE:CNH): CNH Global NV has been removed from the United States number One List at Bank of America/Merrill.
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