Stock Insights: Jefferies, Maxwell Techn, AIG, OpenTable, CEVA May 31st
Jefferies Group Inc. (NYSE:JEF): JMP Securities lowered its Q2 EPS estimate for Jefferies, as JMP Securities believes that the company’s business softened throughout the quarter. However, the firm thinks that Jefferies is better positioned than its peers to cope with E.U. concerns, and it maintains an Outperform rating on the stock.
Maxwell Technologies Inc. (NASDAQ:MXWL): Needham said that after meeting with Maxwell Technologies’ management the firm believes that the demand for electric buses in China is strong and the sell-off in Maxwell shares presents a buying opportunity. Needham reiterates a Buy rating and $18 price target on the stock.
American International Group, Inc. (NYSE:AIG): Following a management meeting, Atlantic Equities has increased confidence in its Overweight thesis and recommends buying on weakness. The analyst said AIG will deploy capital regardless of share price and will buy in the open market whether the Treasury is a seller or not. Additionally, the firm said insurance pricing remains on track along with the sale of ML III assets. Shares are Buy rated with a $50 price target.
OpenTable, Inc. (NASDAQ:OPEN): After speaking with OpenTable (NASDAQ:OPEN) management, Oppenheimer believes Google’s (NASDAQ:GOOG) decision to remove the Zagat pay-wall and provide free restaurant reviews to Google+ members strengthens the relationship between the two companies. Opco says that OpenTable is now offered as the primary reservation function app on Google+, suggesting Google is not looking to compete, but to partner with the company. Oppenhimer expects shares of OpenTable to rally as investors digest the news.
CEVA Inc. (NASDAQ:CEVA): After Samsung released its well-received Galaxy S III smartphone which includes a processor powered by CEVA’s technology, Cantor maintains a $35 target and Buy rating on the stock.
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