Stock Analyst Alerts: Allergan, AnnTaylor, Dice, Virtusa, Alkermes
Allergan Inc.(NYSE:AGN): After Allergan provided lower than expected 2012 EPS guidance and the stock fell 2.8%, RBC Capital thinks the sell-off is overdone, as the firm notes that the guidance was expected to be conservative while part of the guidance shortfall was due to predicted currency effects not fully baked into estimates. The firm maintains an Outperform rating.
AnnTaylor Stores Corp.(NYSE:ANN): Wedbush believes Ann Inc. remains a compelling long-term story despite the company’s negative Q4 preannouncement and views yesterday’s pullback as a buying opportunity for long-term value investors. The firm maintains an Outperform rating on the stock.
Dice Holdings, Inc.(NYSE:DHX): William Blair views the pullback in Dice Holdings shares post the company’s 2012 guidance as overdone. The firm believes the guidance could be conservative and keeps an Outperform rating on the stock.
Virtusa Corp.(NASDAQ:VRTU): Cowen said Vitusa’s core business, demand and operating metrics remain in good shape following its Q3 results but the company’s guidance was impacted by budget delays which impacted discretionary projects in the BFSI vertical space. Shares are Outperform rated.
Alkermes, Inc.(NASDAQ:ALKS): Cowen said Alkermes reported strong Q3 results citing contributions and royalties from its maturing portfolio of drugs. The firm believes the company’s pipeline will begin to be looked at next year and that Alkermes is on track for revenues of 500 million by 2013. Shares are Outperform rated.
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