Analysts Ratings and Price Targets on Jan. 20th: GOOG, UNP, HRB, COF, OVTI

Google Inc.(NASDAQ:GOOG): Canaccord said Google’s miss was mostly due to currency dynamics with a much smaller impact from unfavorable mix. The firm expects these issues to pass and notes growth metrics were strong. Shares are Buy rated with a $700 price target, down from $725.

Union Pacific Corporation(NYSE:UNP): Susquehanna raised its price target on Union Pacific following better than expected Q4 results. The firm cited better than expected incremental margins, strength in domestic energy production, and share gains from trucking and inter-modal transport. Shares are Positive rated.

H&R Block, Inc.(NYSE:HRB): Oppenheimer anticipates that H&R Block’s store volume will grow significantly this tax season, as the firm anticipates that the company will gain market share. The firm maintains an Outperform rating on the stock.

Capital One Financial Corp.(NYSE:COF): After Capital One reported much lower than expected Q4 EPS, Wells Fargo believe the company is poised to generate industry leading returns on tangible equity of 15%-20%. The firm maintains an Outperform rating on the stock.

OmniVision Technologies Inc.(NASDAQ:OVTI): Needham’s channel checks indicate OmniVision (NASDAQ:OVTI) lost the image sensor socket on Apple’s (NASDAQ:AAPL) next generation iPad 3 to Samsung due to price competitiveness, not better technology. The firm sees risks to forward estimates for OmniVision and maintains a Hold rating on the stock. Needham’s checks also suggest OmniVision is still trying to become the second source to Sony (NYSE:SNE) for the iPhone 4S, but the firm believes the company has to increase its yields to 70%-80% in order to be considered as a viable second source.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com