Stock Insights: eBay, InterXion, Automatic Data, Select Comfort, Mead Johnson April 19th
eBay Inc. (NASDAQ:EBAY): Baird raised its price target on eBay following solid Q1results. The firm cited strong results in both the Marketplace and PayPal but said margins were better than expected. Baird believes PayPal will increase its market share and the company’s investment in technology will drive more traffic to the site. Shares are Outperform rated.
InterXion Holding NV (NYSE:INXN): Stifel Nicolaus expects InterXion to benefit from strong growth for carrier neutral colocation services in Europe. The firm raised its target on the stock to $24 from $19 and maintains a Buy rating.
Automatic Data Processing, Inc. (NASDAQ:ADP): Credit Suisse expects Automatic Data’s revenue growth to accelerate with earnings driven by operating leverage and M&A efficiencies. The firm said recent underperformance and growth prospects provide an attractive entry point. Shares are Outperform rated with a price target of $65.
Select Comfort Corporation (NASDAQ:SCSS): After Select Comfort reported stronger than expected Q1 results, Stifel Nicolaus expects Select Comfort’s comparable sales growth to exceed 15% for the rest of the year. The firm maintains a Buy rating on the stock.
Mead Johnson Nutrition Company (NYSE:MJN): JPMorgan believes Mead Johnson’s multiple now includes very little takeout premium following yesterday’s pullback and raised its price target to reflect reduced powdered milk costs. The firm says Mead Johnson remains one of its favorite ideas in packaged food and recommends taking advantage of the recent sell-off.
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