Micron Inspires Increased Confidence and 4 Stock Analyses to Eye
Equity Residential (NYSE:EQR): Current Price: $55.54
Argus is convinced that the up cycle for the apartment segment will last for a while, which will benefit Equity Residential. The firm continues to be upbeat in regards to the company’s decision to purchase Archstone and it keeps its Buy rating on Equity Residential.
Micron Technology Inc. (NASDAQ:MU): Current Price: $7.71
Jefferies believes that Micron’s recent SEC filing shows that Elpida’s gross margins have seen a 26 percent rise for the September quarter, which is accretive to Micron’s Q4 gross margins of 12 percent. The firm has become more confident in its gross margin thesis and it keeps its Buy rating on the stock.
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Heartland Payment Systems, Inc. (NYSE:HPY): Current Price: $32.47
Sterne Agee attributes Heartland’s weakness to a slight revenue miss and guidance seeming to be bit light, but the firm is convinced that the guidance is very conservative. Furthermore, the firm thinks that investors have failed to appreciate what it believes is the company’s strong cash flow.
Equifax Inc. (NYSE:EFX): Current Price: $56.10
Stephens has stated that Overweight-rated Equifax is in the position to see growth via share gains and innovation and it views weakness as a buying opportunity.
Consolidated Edison Inc. (NYSE:ED): Current Price: $57.12
Argus decided to lower its target on Consolidated Edison following the company’s reports of lower Q4 EPS than predicted. However, the firm believes that the stock will keep providing stable returns for shareholders and it keeps its Buy rating on the stock.