Stock Insights: Rovi, H&E Equipment, Linkedin, Teradata, Alpha Natural May 4th
Rovi Corporation (NASDAQ:ROVI): Cowen said Rovi reported in-line Q1 earnings with a slight revenue shortfall and believes the shares could be weaker due to the departure of its CFO. The firm believes the departure was an ordinary career move rather than for negative reasons. Cowen believes trends are in place for a stronger second half with room for upside. Shares are Outperform rated.
H&E Equipment Services Inc. (NASDAQ:HEES): After H&E reported stronger than expected Q1 results but the stock declined, RBC Capital views the pullback as “misguided. ” The firm believes that the company’s fundamentals are strong, and it maintains a $24 target and Outperform rating.
Linkedin Corporation (NYSE:LNKD): LinkedIn price target raised to $130 from $113 at BofA/Merrill
Teradata Corporation (NYSE:TDC): Susquehanna raised its price target on Teradata following solid Q1 results and raised guidance. The firm cited the company’s competitive positioning, strong product portfolio, and sustainable growth trajectory. Shares are Positive rated.
Alpha Natural Resources, Inc. (NYSE:ANR): After Alpha reported lower than expected Q1 EPS, Sterne Agee believes that the stock is discounting an overly pessimistic outlook for coal prices and the company’s volumes. The firm thinks that met coal is bottoming and it maintains a Buy rating on Alpha.
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