Noble Corp. Pullback Viewed as Buying Opportunity and 4 Stock Analyses to Track

Flagstar Bancorp Inc. (NYSE:FBC): Current price $16.26

FBR Capital added Flagstar Bancorp Inc. to their Top Picks list in place of PHH Corp. (NYSE:PHH), citing the bank’s core profitability and mortgage business momentum. Following the company’s fourth quarter results, FBR reiterates an Outperform rating on Flagstar Bancorp with a $25 price target.

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McCormick & Co. Inc. (NYSE:MKC): Current price $62.36

Jefferies believes McCormick & Co. Inc.’s fourth quarter earnings miss and lower than expected fiscal year 2013 guidance creates an attractive entry point into shares. The firm thinks the company’s fundamentals are intact and keeps a Buy rating on the name with a $70 price target.

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Microsoft Corporation (NASDAQ:MSFT): Current price $28.01

Citigroup believes Microsoft Corporation may be past the worst of the PC downturn and sees potential for sentiment improvements on the consumer Windows business into the first half of 2013. Following the company’s fourth quarter results, Citi thinks Microsoft shares may have bottomed at around $26 and maintains a Buy rating on the stock with a $35 price target.

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Noble Corp. (NYSE:NE): Current price $37.17

FBR Capital views the 6% pullback in shares of Noble Corp. as a buying opportunity. The firm believes Noble Corp.’s disappointing results and cost guidance are now priced into shares and continues to expect a quadrupling of the dividend by 2014. They keep an Outperform rating on the stock with a $48 price target. Note Noble Corp. shares were downgraded this morning at Jefferies.

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Select Comfort Corporation (NASDAQ:SCSS): Current price $22.76

Piper Jaffray recommends using the post-earnings pullback in shares of Select Comfort Corporation as a buying opportunity. Piper believes the company’s guidance sets up for beat-and-raise potential in 2013 and maintains an Overweight rating on the stock despite lowering the price target for shares from $36 to $32.

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