Micron Valuation Remains Attractive and 4 Stock Analyses Making the Rounds
GNC Holdings Inc. (NYSE:GNC): JPMorgan said that their channel checks indicate GNC Holdings Inc. will be rolling out their new Gold Card program to major metro markets in New York, New Jersey, and Chicago. The firm views this as a potential same-store-sales driver in 2013 and keeps an Overweight rating on the stock.
Urban Outfitters Inc. (NASDAQ:URBN): After attending Urban Outfitters Inc.’s Investment Day, BMO Capital believes the company’s visibility has improved and the firm has more confidence in their above consensus and high end estimates for the company. BMO reiterates an Outperform rating on the stock.
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Global Payments Inc. (NYSE:GPN): Following solid first quarter results, Baird raised their price target on Global Payments. The firm cited achievable guidance, dissipating margin headwinds, and the likelihood that the first quarter marked a near-term bottom. Shares are Outperform rated.
Micron Technology Inc. (NASDAQ:MU): Following their fourth quarter results, Baird said Micron Technology Inc.’s valuation remains attractive. The firm believes a recovery will occur in 2013 driven by a lack of new capacity and their fundamentals will be strengthened by their acquisition of Elpida. Shares are Outperform rated with a $10 price target.
Active Network Inc (NYSE:ACTV): After Active Network Inc. announced that they had promoted their Chief Technology Officer to President, ThinkEquity is more optimistic that the build-out and implementation of the company’s ActiveWorks is on schedule and delivering solid results. The firm maintains a $17 target and Buy rating on the shares.
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