Research In Motion’s $5 PRICE TARGET and 4 Huge Stocks in the Spotlight Now
Micron Technology, Inc. (NASDAQ:MU): MKM Partners thinks that the conditions of Micron’s acquisition of Elpida appear “far better” than the Street projected. MKM believes the agreement ought to be highly accretive to Micron’s book value, and it sticks to an $11 target and Buy rating on the shares.
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General Electric Company (NYSE:GE) announced that Swedish energy developer Triventus Wind Power AB will employ the company’s wind turbine technology to fuel a new 27.5-megawatt wind farm project being constructed near Falkenberg on Sweden’s west coast. GE will provide Triventus with 10 of its 2.75-103 wind turbines. GE Energy will get the wind turbines to the project site in the first and second quarters of next year. The wind farm is planned to start commercial service in the second quarter of 2013. GE Energy will also supply maintenance support to the units under a service agreement lasting five years.
Ford Motor Company (NYSE:F): Far-sighted Ford investors may want to think about selling puts an options strategy to profit from the automaker’s underlying strength, according to Barron’s. The company has a formidable product lineup and clean balance sheet, with an admirable return on equity of 281%. It is the least expensive of its peers, trading at 2x trailing earnings and 5.7x forward earnings.
Research In Motion Limited (NASDAQ:RIMM): Analysts have slashed their targets for RIM’s stock price to only $5 which, given it currently has total cash and equivalents of $ per share, means they don’t anticipate improvement. Nomura went so far as to say the company could run out of cash. Research in Motion has made losses in the past two quarters, without signs of change.
Best Buy‘s (NYSE:BBY) former chairman, Richard Schulze, is not planned to propose a takeover offer to the retailer’s board in the near future.
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