Stock Analyst Activity: Pepsico, NetAppl, Equinix, Molina, Humana
Pepsico, Inc.(NYSE:PEP): Deutsche Bank raised its price target for PepsiCo shares ahead of the company’s Q4 results on February 9 and maintains a Buy rating on the stock.
NetApp, Inc.(NASDAQ:NTAP): Piper Jaffray believes NetApp finished its January quarter on a strong note and has a solid pipeline into Q4. The firm reiterates an Overweight rating on the stock with a $53 price target.
Equinix, Inc.(NASDAQ:EQIX): Citigroup sees further upside in Equinix shares from the company’s opportunities to consider a REIT conversion for its colocation segment. The firm raised its price target for shares and said it remains a buyer of Equinix.
Molina Healthcare Inc.(NYSE:MOH): Citigroup raised its price target for Molina Healthcare shares citing the company’s dual eligible opportunity. The firm believes that as duals convert in Michigan, California, and Ohio, Molina could see a $3.8B revenue boost should it be able to maintain its existing Medicaid market share in the states.
Humana Inc.(NYSE:HUM): Bernstein believes weakness in Human shares following the Q4 report is overdone and has created a buying opportunity. The firm said Q4 expectations were high and views Humana as the highest growth name in the group. Shares are Outperform rated with a $109 price target.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org