Stock Analysis Insights: First Solar, PetroQuest, CR Bard, Cobalt, Vulcan Materials
First Solar, Inc. (NASDAQ:FSLR): Argus increased its target on First Solar as the firm believes that the prices of the company’s modules should be supported by ongoing polysilicon PV price increases. The firm reiterates a Buy rating on the stock.
PetroQuest Energy Inc. (NYSE:PQ): Sterne Agee said they are comfortable with its PetroQuest production estimate at the high end of guidance and sees potential upside from non-core asset sales. Shares are Buy rated with a $10 price target.
CR Bard Inc. (NYSE:BCR): After a federal appeals court upheld penalties against W.L.Gore for infringing Bard’s ‘135 patent, Rodman & Renshaw notes that Bard will be able to regain access to about $750M which it had been ordered to set aside pending the decision. The firm believes that the company will use the funds to acquire businesses. The firm maintains a Market Perform rating on the stock, as it wishes to see what tyope of deal the company makes before becoming more constructive.
Cobalt International Energy, Inc. (NYSE:CIE): Citigroup raised its price target on Cobalt citing increased probability of success for its offshore Angola operations. Shares are Buy rated.
Vulcan Materials Company (NYSE:VMC): Argus believes that Martin Marietta (NYSE:MLM) will need to significantly raise its offer for Vulcan (NYSE:VMC), in order to convince Vulcan to resume acquisition talks. The firm maintains a Buy rating on Vulcan.
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