NVIDIA Target Lowered Ahead of Reporting and 4 Stock Analyses to Follow
J. C. Penney Company, Inc. (NYSE:JCP): Current Price: $19.20
Morgan Stanley keeps its Underweight rating on J.C. Penney, considering the ongoing risk to Street FY13 estimates, and the firm notes that shares are significantly higher than its $15 price target.
NVIDIA Corporation (NASDAQ:NVDA): Current Price: $12.49
FBR Capital decided to reduce its price target on the company’s shares to $14 from $16 before the company reports its Q4 results and reiterated its Market Perform rating on the stock. According to FBR, its channel checks show that Q4 PC chip sales were challenging and the firm believes that it will see PC weakness in Q1.
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Netflix, Inc. (NASDAQ:NFLX): Current Price: $182.07
According to Bank of America Merrill Lynch, there has been limited change in Netflix’s fundamentals, although it has seen recent share strength. The firm still thinks that domestic subs will see a peak of about 35 million and that pricing power is weak. The firm gives the shares an Underperform rating and a $95 price target.
Phillips-Van Heusen Corp. (NYSE:PVH): Current Price: $121.46
According to Cowen, the branded apparel group continues to be in the ideal position from a gross margin standpoint due to clean inventory levels, the benefit of a strong euro on margins and sales and stabilization in Europe. The firm predicts that PVH Corp will keep seeing this operational momentum and has a favorable risk/reward entering 2013. Shares have an Outperform rating.
Patterson-UTI Energy Inc. (NASDAQ:PTEN): Current Price: $23.65
Wells Fargo decided to raise its valuation range on Patterson-UTI Energy because of the firm’s belief that the company will benefit from higher margins, six new Tier 1 deliveries this year, and increased demand for pressure pumps. The firm keeps its Sector Perform rating on the stock.
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