Stock Insights: Abercrombie & Fitch, Polo Ralph Lauren, Cubic, MAKO Surgical, Continental Resources May 17th
Abercrombie & Fitch Co. (NYSE:ANF): Citigroup removed Abercrombie & Fitch from its Top Picks Live list following the company’s Q1 results citing weakness in Europe. The firm lowered its price target for shares to $47 from $58 but keeps a Buy rating on the name. Note shares of Abercrombie & Fitch were downgraded this morning at Wells Fargo.
Polo Ralph Lauren Corp. (NYSE:RL): Citigroup believes risk to Polo Ralph Lauren’s guidance is priced in following the recent pullback in shares. Citi thinks shares may be reflecting a worst case guidance scenario into Polo’s results on May 22 and reiterates a Buy rating on the name. The firm said it would be a buyer of the stock at current levels.
Cubic Corporation (NYSE:CUB): Benchmark Co. views Cubic as an undervalued transportation growth story at current levels and reiterates a Buy rating on the name with a $60 price target.
MAKO Surgical Corp. (NASDAQ:MAKO): Piper Jaffray sees no fundamental change in MAKO Surgical’s growth prospects and continues to view the stock as one of its top recommendations for 2012. Piper thinks confusion and concerns over several issues have led to the stock sell-off, but says it remains an aggressive buyer of the stock. The firm reiterates an Overweight rating on MAKO with a $49 price target.
Continental Resources Inc. (NYSE:CLR): Continental Resources added to Current Favorites List at Raymond James
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