Stock Insights: Boeing, Radware, Essex, Harley-Davidson, Home Depot May 16th
Boeing Co. (NYSE:BA): After attending Boeing’s annual investor meeting, Wells Fargo expects the company to launch significant share buybacks and dividends next year. The firm expects the share repurchases to cause the stock to rise meaningfully and it maintains an Outperform rating on the stock.
Radware Ltd. (NASDAQ:RDWR): After conducting checks, Oppenheimer believes that Radware (NASDAQ:RDWR) is in advanced negotiations to license its ADC engine to Juniper (NYSE:JNPR). The firm thinks the deal could be worth about $70M-$100M over three to five years, and lead to an annual EPS increase of about 75c per share for Radware. The firm maintains an Outperform rating on Radware.
Essex Rental Corp. (NASDAQ:ESSX): After viewing a presentation by Essex’s management, Oppenheimer believes that the company’s rental business is improving. The firm sees multiple potential positive catalysts for the company this quarter and it maintains an Outperform rating.
Harley-Davidson, Inc. (NYSE:HOG): UBS believes Harley-Davidson’s April U.S. retail sales were up mid single digits vs. Q1’s +26% rate, indicating April might be up 10% year-over-year. The firm adds that May has started to slow at some East Coast dealers due to weather. Shares are Neutral rated with a $50 price target.
The Home Depot, Inc. (NYSE:HD): Bernstein said Home Depot’s strong expense controls drove in-line earnings and that those benefits are running out. The analyst said shares are discounting mid-single digit comps and that expectations remain high while shares are fully priced. The firm rates shares a Market Perform.
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