MetroPCS Weakness Viewed as Buying Opportunity and 3 Stock Analyses to Note
NXP Semiconductors NV (NASDAQ:NXPI): Barclays does not expect NXP Semiconductors NV to lose their position at Apple (NASDAQ:AAPL) with their authentication chip. They view weakness as a buying opportunity. Shares are Overweight rated.
Spectrum Brands Holdings, Inc. (NYSE:SPB): Citing the company’s acquisition of Stanley Black & Decker Hardware & Home Improvement Group, Imperial Capital raised their price target for Spectrum Brands Holdings, Inc. The firm keeps an Outperform rating on the stock.
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MetroPCS Communications, Inc. (NYSE:PCS): MKM Partners said Sprint (NYSE:S) is holding off on a bid for MetroPCS Communications, Inc. in order to minimize the potential price they would have to pay. The analyst believes that Sprint may eventually make a bid and views weakness in MetroPCS as a buying opportunity.
True Religion Apparel Inc. (NASDAQ:TRLG): Following the premium denim maker’s announcement that they are seeking strategic alternatives, Citigroup views Warnaco (NYSE:WRC) or private equity as possible candidates for True Religion Apparel Inc. Citi estimates a potential price tag for True Religion at $32-$35 per share, suggesting a possible upside of up to 39% from today’s levels. The firm has a Neutral rating on their stock.
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