Schlumberger Shares Rated Positive, Analyst Short Research in Motion Stock, Under Armour Has Upside
Schlumberger Limited (NYSE:SLB): Susquehanna raised its price target on Schlumberger following slightly better than expected Q4 results. The firm cited demand for select international product lines, a rebound in Gulf of Mexico demand, and an improvement in seismic activity. Shares remain Positive rated.
Research In Motion Limited (NASDAQ:RIMM): Pacific Crest recommends shorting Research in Motion given lack of a buyer, a failing core strategy, carrier and emerging markets slowdown, and peaking smartphone growth.
Strategic Hotels & Resorts, Inc. (NYSE:BEE): Wells Fargo upgraded the Lodging sector to Overweight from Market Weight citing improving debt capital flows and demand growth. The firm calls Hotel REITs Strategic Hotels (NYSE:BEE), Chesapeake Lodging (NYSE:CHSP), Pebblebrook Hotel (NYSE:PEB) and DiamondRock Hospitality (NYSE:DRH) its best ideas in the space.
Under Armour, Inc. (NYSE:UA): Goldman believes Under Armour could see a relief rally following the January 26 earnings report following weather related weakness. The firm expects meaningful upside in 2H 2012 as the brand continues to grow.
EastGroup Properties Inc. (NYSE:EGP): Wells Fargo upgraded the Industrial REIT sector to Overweight from Market Weight citing valuation and expectations that property fundamentals will continue to improve. The firm has Outperform ratings on EastGroup Properties (NYSE:EGP) and ProLogis (NYSE:PLD).
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