Newell Rubbermaid EXPECTS High FY Results and 4 Stock Analyses Trending Now
Mellanox Technologies, Ltd. (NASDAQ:MLNX) estimates and price target was increased by Needham, and the firm keeps its Buy rating on the stock. The firm thinks management appears to be committed to pursuing its growth as an independent company for the near-term after press reports stating that IBM (NYSE:IBM) or Oracle (NASDAQ:ORCL) may be interested in an offering of $150/share for Mellanox.
Newell Rubbermaid Inc. (NYSE:NWL) reported higher than expected Q2 EPS and core sales causing RBC Capital to predict that the company will provide results at the high end of its FY12 EPS guidance. The firm keeps its Outperform rating and a $23 target on the stock.
Activision Blizzard, Inc. (NASDAQ:ATVI): Cowen is still positive on Activision Blizzard crediting the company’s visibility on multi-year growth drivers as well as the belief that the next new console cycle will be a positive for game creators. Shares keep an Outperform rating.
Ellie Mae (:ELLI): Because Ellie Mae’s peers recently raised their forecasts for the company’s Q2 and 2012 volumes, Oppenheimer predicts that Street estimates for Elli Mae will rise in the near future. The firm thinks that the company sees benefs from improving trends. The firm keeps its Outperform rating but raised its target to $23 from $20 on the stock.
Amazon.com Inc. (NASDAQ:AMZN) is still a safe-growth haven in the midst of a weaker macro-environment due to its top-line growth, marketplace mix, and profit margins exceeding expectations, according to Baird. Shares are Outperform rated with a $250 price target.
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