Pinnacle Entertainment Analyst Raises Valuation and 4 Stock Analyses Making the Rounds
FMC Technologies, Inc. (NYSE:FTI): FBR Capital believes that the long-term risk/reward profile for shares of FMC Technologies is compelling, and the firm maintains its Outperform rating on the stock while reducing its price target to $55 from $70. However, the firm thinks that the possible downside from current levels is very limited.
Cablevision Systems Corporation (NYSE:CVC) keeps its Underweight rating by Morgan Stanley because of Verizon product penetration and increasing investments, and the firm sees downside risk to estimates from raised programming costs.
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Pinnacle Entertainment Inc. (NYSE:PNK) reported stronger Q3 results that predicted, influencing Wells Fargo to increase its valuation range on the stock to $11-$14 from $9.50-$13.50. The firm believes that the stock continues to be attractive, but it keeps a Market Perform rating due to macro concerns.
CBS Corporation (NYSE:CBS) recent weakness is seen by Morgan Stanley as a buying opportunity due to the increasing value of TV content along with expectations for a solid Q3 report. Shares have an Overweight rating and a $40 price target.
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN): According to Baird, they would be buyers on weakness of Alexion since they view the reasons for the sell-off as being misplaced and transient and the Q3 earnings miss wasn’t normal. The firm still believes that there are strong growth opportunities for Soliris and that Alexion is one of the best biotech growth stories. Shares have an Outperform rating and a $125 price target.
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