Stock Analysis: Companies With New Ratings and Price Targets
eLong Inc. (NASDAQ:LONG): Brean Murray lowered its price target on eLong following strong Q2 results. The firm cited lowered guidance and aggressive promotions in Q2 which should dampen growth in Q3. Shares remain Buy rated.
Deere & Company (NYSE:DE): After conducting dealer checks, Piper reports that Deere’s production issues and the drought have resulted in only minimal customer order cancellations. The firm thinks that the company’s 2013 fundamentals will be stronger than expected and it reiterates an Overweight rating on the stock.
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Zimmer Holdings, Inc. (NYSE:ZMH): After meeting with Zimmer’s management, Piper Jaffray has greater confidence in the company’s ability to generate stronger growth in 2H12 and into 2013. The firm recommends buying the stock and reiterates an Overweight rating.
Urban Outfitters Inc. (NASDAQ:URBN): Baird raised its price target on Urban Outfitters following Q2 results. The firm said the company remains a work in progress but said they were positive on the shares longer-term citing its international growth potential. Shares are Neutral rated.
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN): Regeneron removed from U.S. 1 List at BofA/Merrill
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