Stock Insights: Phillips-Van Heusen, VeriFone, Biogen, Pandora Media, SandRidge May 24th
Phillips-Van Heusen Corp. (NYSE:PVH): Brean Murray said PVH Corp is more than worthy of its premium multiple following solid Q1 results. The firm cited continued strength in Tommy Hilfiger and above Street guidance as well as its solid balance sheet and operating margins. Shares are Buy rated with a $107 price target.
VeriFone Systems, Inc (NYSE:PAY): VeriFone (NYSE:PAY), and eBay (NASDAQ:EBAY) company PayPal announced a comprehensive licensing, marketing and implementation agreement that advances PayPal acceptance at large retailers nationwide. Consumers will soon be able to pay for purchases at participating large retailers by using a PayPal Access card and PIN or entering a phone number and PIN on popular VeriFone systems. The agreement provides PayPal with unprecedented access to over one million high volume points of sale.
Biogen Idec Inc. (NASDAQ:BIIB): BMO Capital believes that Biogen has several upcoming catalysts, including the company’s R&D day on June 12 and two upcoming data releases. The firm expects the stock to move towards $145+ and it maintains an Outperform rating on the shares.
Pandora Media Inc (NYSE:P): JMP Securities increased its target on Pandora after the company reported stronger than expected Q1 results. The firm believes that Pandora executed well by improving its mobile monetization and premium direct desktop ad sales, and it reiterates an Outperform rating on the stock.
SandRidge Energy, Inc. (NYSE:SD): Susquehanna said recent share declines of oil focused producers such as SandRidge Energy could lead to consolidation. The firm said the company sells below the value of proved reserves and could be attractive to large independent oil companies. SandRidge Energy is Positive rated with a $12 price target.
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