Safeway to FILE IPO for Subsidiary and 4 Stock Analyses Trending Now
Sealed Air Corporation (NYSE:SEE): According to Baird, the risk/reward for Sealed Air is biased to the upside after its conference presentation yesterday. The firm credited an improvement in trends throughout the past month but warns that September will be crucial as the guidance was back end loaded. Shares have an Outperform rating and an $18 price target.
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EMC Corporation (NYSE:EMC): FBR stated that its channel checks so far in the September quarter suggest that EMC is on track for at least an in-line quarter. FBR also stated that the customers it spoke to suggested healthy demand for EMC’s high-end products. The firm keeps an Outperform rating on EMC shares and a $34 price target.
Safeway Inc. (NYSE:SWY) will be able to outperform the market after its announcement to file an IPO for its Blackhawk gift card subsidiary, according to Cowen. The firm thinks that it will unlock shareholder value and keep seeing growth in its Just for U division after its digital launch. Shareshave an Outperform rating.
eBay Inc. (NASDAQ:EBAY) price target has been increased by Susquehanna after its recent debt offering and adjusting for a higher multiple. The firm also stated that it is still not sure how the company intends to use its funds and avoid earnings dilution. Shares have a Neutral rating.
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