Stock Insights: Cisco, Monster Beverage, American International, SodaStream International May 10th
Cisco Systems, Inc. (NASDAQ:CSCO): UBS said Cisco’s competitive position likely expanded with core market share gains. The firm expects 2H 2012 fundamentals to improve driven by strong service provider and enterprise spending. The rates shares a Buy. After Cisco provided weaker than expected guidance for its July quarter, Oppenheimer believes that the shortfall reflects an uncertain macro and policy environment that’s affecting many companies. The firm thinks that Cisco is gaining share in many areas, and it maintains an Outperform rating on the stock.
Monster Beverage Corp (NASDAQ:MNST): Monster Beverage price target raised to $82 from $70 at UBS
American International Group, Inc. (NYSE:AIG): Bernstein said AIG is trading at around 50% of tangible book despite progress in its turnaround, recapitalization, and reduced risk. The firm expects the exit of the Treasury by the fall election and sale of its non-core assets to drive book value and investor demand. The firm upgraded shares to a “risk on trade” and reiterates its Outperform rating and $45 price target.
SodaStream International Ltd. (NASDAQ:SODA): After SodaStream (NASDAQ:SODA) announced that it had made a deal to ship some of its products to 2,900 Wal-Mart 9WMT) stores, Oppenheimer believes that the deal should accelerate SodaStream’s household penetration. The firm views SodaStream’s stock as undervalued and maintains an Outperform rating.
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