RIM Bias Shifts to Negative and 4 Stock Analyses to Note
SanDisk Corp. (NASDAQ:SNDK): Current Price: $48.22
Jefferies predicts that favorable NAND prices along with the depreciation of the yen compared to the dollar will drive gross margin upside during SanDisk’s Q4. The firm keeps its Buy rating and increases the price target on the stock.
Brunswick Corporation (NYSE:BC): Current Price: $32.13
The company’s target has been raised by RBC Capital after surveying 142 dealers, and the firm is confident in the company’s earnings outlook. Furthermore, RBC predicts that larger boat sales have the potential to rebound, which provides a catalyst to the stock over the next year or more. The firm keeps its Outperform rating on the stock.
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State Street Corp. (NYSE:STT): Current Price: $54.54
State Street’s price target was increased by Citigroup after the company’s Q4 results, and the firm keeps its Buy rating on the stock.
Research In Motion Limited (NASDAQ:RIMM): Current Price: $17.42
According to Macquarie, the BB10 launch and upwards earnings revisions are reflected in Research in Motions’ valuation, and the firm’s bias has gone from negative to positive. The firm continues to be convinced that uncertain services revenues make it almost impossible for a strategic or financial buyer to value RIM’s services annually and that a buyout at $20+ is unlikely. The firm gives a Neutral rating and a $12 price target on the stock.
Allergan Inc. (NYSE:AGN): Current Price: $104.95
Cowen is convinced that Allergan will make an acquisition either this year or next. The firm still likes the company as a growth story due to product leverage being used to augment its growth. Cowen does not believe that the company needs any major infrastructure changes if acquisitions are made, and it thinks that its product pipeline is undervalued. Shares have an Outperform rating.
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