Thermo Fisher Exhibits Buyback Potential and 4 Stock Analyses Attracting Attention
Expedia Inc. (NASDAQ:EXPE): Current Price: $66.72
According to Cantor, Expedia’s Q4 results will likely beat expectations due to the fact that hotel trends in the U.S. and Europe were relatively unchanged during Q4 compared to Q3. The firm has decided to keep its Buy rating and $70 price target on the stock.
Wynn Resorts Ltd. (NASDAQ:WYNN): Current Price: $123.98
Cantor raised its price target on Wynn after the company reported higher Q4 EBITDA than predicted for both Macau and Las Vegas. The firm is still convinced that the company has best in class assets, and it keeps its Buy rating on the stock.
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PerkinElmer Inc. (NYSE:PKI): Current Price: $34.26
Baird decided to increase its price target on PerkinElmer after its in-line Q4 results. The firm is convinced that the company offers one of the best long-term revenue and operating margin expansion opportunities in its coverage universe. The firm gives the stock an Outperform rating.
Thermo Fisher Scientific, Inc. (NYSE:TMO): Current Price: $74.08
Baird increased its price target on the stock after it showed better Q4 results than predicted due to strong organic growth, conservative guidance, and the potential for accretive acquisitions and stock buybacks. The firm gives the stock an Outperform rating.
ON Semiconductor Corp. (NASDAQ:ONNN): Current Price: $8.13
Pacific Crest raised its target on ON Semiconductor due to its belief that the company’s Q4 resales exceeded expectations, and its backlog for Q2 firmed. The firm is convinced that the company has gotten a key design win with Qualcomm (NASDAQ:QCOM) with the ability to help with its 2013 results, and it keeps its Outperform rating on the stock.
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