NetApp, Inc. (NASDAQ:NTAP): Brean Murray said any softness following Q1 earnings due out on Wednesday could provide an attractive entry point. The firm believes demand may not be as bad as expected but earnings could come in at the low end of guidance. Brean Murray said if the company provides conservative guidance the shares could provide an opportunistic entry point. Shares are Buy rated with a $50 price target.
Pier 1 Imports Inc. (NYSE:PIR): Wells Fargo believes that the switch of Pier 1’s (NYSE:PIR) private label credit card to Alliance Data Systems (NYSE:ADS) from Chase (NYSE:JPM) and the launch of Pier 1’s full e-commerce website in July could generate 20c-30c in additional EPS over time. The firm reiterates an Outperform rating on the stock.
Yahoo! Inc. (NASDAQ:YHOO): Wells Fargo views Yahoo!’s agreement with Alibaba announced this morning as a a positive outcome that balances near-term shareholder capital return with potential upside of Alibaba growth longer term. The firm has a Market Perform rating on Yahoo! shares.
Estee Lauder Companies Inc. (NYSE:EL): BMO Capital notes that Estee Lauder expects to generate 15% EPS growth in 2012 and 2013, which is above the industry average. The firm expects the company’s operating margin to increase to 18% or more over time from 12.4% last year.
Terex Corp. (NYSE:TEX): Baird said the short term trading risk for Terex remains elevated due to macro concerns but believes the valuation appears compelling. The firm maintains its Outperform rating citing its upside to the Demag synergies and an improving cash flow. Price target is $32.
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