Stock Analyst Action: Dell, Hanesbrands, NetApp, Tesla Motors, Agilent
Dell Inc. (NASDAQ:DELL): Credit Suisse said Dell has limited further margin upside given its PC/Server end market exposure. Shares are Underperform rated with a $16 price target.
Hanesbrands Inc. (NYSE:HBI): Citigroup attributes Hanesbrands’ weaker than expected 2012 guidance to profit issues in screenprint and believes the company’s core retail business remains healthy. The firm thinks the guidance will prove conservative and said it would be aggressive buyers of Hanesbrands shares on weakness. Citi reiterates a Buy rating on shares with a $37 price target.
NetApp, Inc.(NASDAQ:NTAP): Piper Jaffray believes NetApp is well positioned to outperform the competition and continue gaining share with comparables getting much easier in the July quarter. The firm thinks the upcoming launch of ONTAP 8.1 will drive major account growth and reiterates an Overweight rating on the stock with a $53 price target post the company’s Q4 results.
Tesla Motors, Inc.(NASDAQ:TSLA): Jefferies raised its price target for Tesla Motors following the company’s better than expected 2012 revenue guidance and reiterates a Buy rating on the stock. The firm views Tesla’s new drivetrain program with Mercedes as a positive development.
Agilent Technologies Inc.(NYSE:A): Jefferies says any weakness in Agilent shares post the company’s Q1 results would present a compelling buying opportunity. The firm expects Agilent’s trends to accelerate in the second half of 2012 and keeps a Buy rating on the stock with a $60 price target.
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