New Analyst Trading Insights Jan. 17th: EDU, CAST, KEYW, PPG, WPI
The DJIA is trading above 12,500 and the S&P is spot on at 1,300 today. Here’s what brokerage analysts had to say about the following batch of public companies that are seeing action today:
New Oriental Education & Technology Group (NYSE:EDU): Piper Jaffray says buy New Oriental Education on pullback. Yesterday’s pullback provides investors with a buying opportunity, says Piper Jaffray. The firm sees long-term earnings potential at the company. Shares pulled back after third quarter revenue guidance, but Piper Jaffray feels the education company will have 30 percent growth and reiterates an Overweight.
ChinaCast Education Corporation (NASDAQ:CAST): Roth Capital sees ChinaCast Education continuing to rise. The firm cited results of the company’s board election, believing the board is now in the hands of Ned Sherwood. The buyout process will continue and Roth Capital maintains a Buy with an $8.50 target.
The KEYW Holding Corporation (NASDAQ:KEYW): FBR Capital say uncertainty about the Department of Defense(NYSE:DOD) budget shouldn’t keep investors away from KEYW. Regardless of what goes on with budget talks, cybersecurity will remain a key item at DoD.will still The firm reiterates an Outperform with a $15 price target.
PPG Industries Inc. (NYSE:PPG): Susquehanna considers its above consensus estimates for PPG Industries may be conservative. The firm cite continued decline of natural gas prices and a possible bottoming of the housing market for their conservative call ahead of fourth quarter earnings. The firm rates PPG Positive with a $98 price target.
Watson Pharmaceuticals Inc. (NYSE:WPI): Canaccord says Watson Pharmaceuticals selloff overdone. A PROCHIEVE related sell-off, according to Canaccord, was overdone for the product value. The firm believes the panel on Friday has low expectations with shares oversold. Shares are Buy with an $80 price target.