Stock Analysis: Companies With New Ratings and Price Targets
Penn National Gaming Inc.’s (NASDAQ:PENN) weakness is related to new competition in Maryland that is overdone, according to Barclays, and there is the possibility that cannibalization will be less than expected. Shares have an Overweight rating and a $50 price target.
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Onyx Pharmaceuticals Inc. (NASDAQ:ONXX): Jefferies stated that its survey of physicians indicates that the potential for the launch of Onyx Pharmaceuticals’ Kyprolis could beat Street estimates. The firm keeps a Buy rating and $101 price target on Onyx.
NetQin Mobile Inc (NYSE:NQ) has agreed to buy a 33 percent stake in the mobile messaging provider Hesine from MediaTek. Canaccord predicts that NetQin’s investment will assist in it effectively buildubg its work force and infrastructure. The firm views NetQin as positioned for strong growth, and it keeps Buy rating and a $17 target on the stock.
Baidu, Inc. (NASDAQ:BIDU): According to CLSA, Baidu’s earnings may accelerate because of Chinese stimulus and the huge mobile potential for the company. The firm sees regulatory worries as overstated, and it maintains a Buy rating and $215 price target on the stock.
Krispy Kreme Doughnuts Inc. (NYSE:KKD) is expected by B. Riley to report higher than expected Q2 same-store sales at company owned stores and higher pro forma EPS than expected. Furthermore, the firm believes that the multiple of the company has compressed because of summer seasonality, which creates a great buying opportunity.
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