Melco Crown Sell-Off Seen as Buying Opportunity and 3 Stock Analyses Not to Miss
Melco Crown Entertainment Ltd. (NASDAQ:MPEL): Current Price: $19.04
According to Deutsche Bank, the pullback in Melco Crown shares on Friday is a result of news that the company’s Taiwan based subsidiary is under investigation for suspected illegal money transfer. The firm is convinced that the sell-off may possibly provide a buying opportunity prior to Melco’s Q4 results during early February. Deutsche predicts that Melco Crown will report strong Q4 results, and the firm maintains its Buy rating on the stock.
DIRECTV (NASDAQ:DTV): Current Price: $52.75
The company’s price target has been increased by Brean Capital due to management’s commentary of stronger than expected Q4 momentum along with an outlook for stable margins and high single digit revenue growth. Shares have a Buy rating.
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Forest Laboratories Inc. (NYSE:FRX): Current Price: $37.70
According to Cowen, Forest Labs is one of the most compelling stories in its universe due to its young product portfolio, intellectual property protection, and a pipeline leveraged to heavy commercial infrastructure spending. Shares have an Outperform rating.
Responsys Inc (NASDAQ:MKTG): Current Price: $7.22
The company reported that it approved a Change of Control Severance Plan for executives along with other employees of the company, and JMP Securities reports that adopting this type of plan preceded an acquisition in five of the six cases it studied. The firm keeps its Outperform rating and a $12.50 price target on the stock.
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