Sturm, Ruger Enjoys Sales POP and 4 Stock Analyses Buzzing Now
The Allstate Corporation (NYSE:ALL): Deutsche Bank sees further upside in Allstate shares despite the recent rally. The firm thinks that margin expansion within the company’s homeowners’ book has just begun and increased its price target for the stock to $46 from $43. Deutsche keeps a Buy rating on the stock.
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Finisar Corp. (NASDAQ:FNSR): Piper Jaffray claims that Finisar’s ordering trends have shown improvement despite the weakness that was seen in the company’s Q1 results. Piper thinks that the current valuation is a representation of an attractive entry point, and it keeps an Overweight rating on shares and a $15 price target on the stock.
Sturm, Ruger & Co. Inc. (NYSE:RGR): According to Benchmark Co., yesterday, the FBI released its National Instant Criminal Background Check System results for August, which saw an increase of 27.8 percent on an adjusted basis. Handgun checks saw a growth of almost 34 percent in August, which is a data point that the firm thinks will benefit Smith & Wesson (NASDAQ:SWHC) and Sturm, Ruger. Benchmark Co. maintains Buy ratings on both stocks.
Acadia Healthcare Company, Inc.(NASDAQ:ACHC) target has been raised by RBC Capital after it acquired Timberline Knolls in a deal which Acadia claimed would raise its annual EPS by about 16c. The firm predicts that Acadia will make other deals that will raise its bottom line, and it keeps an Outperform rating on the stock.
Teradata Corporation (NYSE:TDC) could experience the most growth from next-generation data store spend, according to Morgan Stanley, and it is seeing benefits from warehousing secular growth and recent investments in marketing and unstructured data. The firm’s bull case for the Overweight rated company is $100, and the firm’s price target is $81.
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