Salesforce.com POISED for Valuation Step-Up and 3 HOT Stock Analyses to Note
Salesforce.com (NYSE:CRM) shares are believed by Wunderlich to be in the position for a major valuation step up after the company’s solid results for Q2. The firm states that shares have traded sideways for too long, and it maintains a Buy rating with an raised price target on the stock.
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HMS Holdings Corp. (NASDAQ:HMSY): After talks with HMS’ management following the 3.8 percent decline of the stock on Friday, Oppenheimer still believes that the growth rate for the company’s core COB business is 10 percent to 15 percent. The firm believes that the company’s accounting has been sufficiently conservative to cover Medicare appeals, and it keeps an Outperform rating on the stock.
Rogers Communications Inc. (NYSE:RCI) bid $167 million for Score Media, causing RBC Capital to see a number of benefits to Rogers for the deal, including cost synergies, leveraging Score Media’s leading edge in mobile sports content and technology, and offering another distribution channel for Rogers’ premium/niche sports content. The firm keeps an Outperform rating on the stock.
Eli Lilly & Co. (NYSE:LLY) target has been raised by BMO Capital after an analysis of data from trials of its Solanezumab drug suggested that the product caused a statistically noticeable slowing of cognitive decline in patients suffering from mild Alzheimer’s. The firm still views the drug’s outlook as uncertain, and it keeps a Market Perform rating on the stock.
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