Red Hat MAINTAINS Long-Term Outlook and 4 More Stock Insights
Sonic Corp. (NASDAQ:SONC): Following Sonic’s report of low single digit comp store sales increase, RBC Capital plans Sonic’s EPS to gradually reach $1 per share. RBC is sticking to an Outperform rating on the stock.
Juniper Networks, Inc. (NYSE:JNPR) shares have seen a price target reduction by FBR Capital based on worries that Juniper’s product transition will end up being a challenge. FBR is not sure that Juniper will have the resources to stay on target with the coming set of products anticipated from its main competitor, and maintains a Market Perform rating on the shares.
Red Hat, Inc. (NYSE:RHT): Following an announcement of lower than hoped Q1 billings by Red Hat, RBC Capital maintains a positive view of the company’s long-term outlook and keeps looking at it as one of the highest quality brands in software. RBC is sticking to a $64 target and Outperform rating on the stock.
ReachLocal, Inc. (NASDAQ:RLOC): Steady operating surroundings in America and persistent execution abroad leads Needham to opine that ReachLocal can report Q2 results higher than expectations. Needham has elevated its price target for shares from $12 to $13 and maintains a Buy rating on the stock.
Seagate Technology. (NASDAQ:STX): Morgan Stanley lowered HDD estimate based on unimpressive PC demand trends and increasing channel inventory. Morgan Stanley sees near-term pressure on Seagate and Western Digital (NYSE:WDC) shares and expects downside risk to be $20 and $28, respectively.
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