TIF Shares Climb Despite Oppenheimer Target Drop, QCOM Rises on Estimate Increase
Tiffany & Co. (NYSE:TIF): Oppenheimer believes that Tiffany’s lower than expected holiday sales were primarily caused by mostly “transitory factors.” The firm reduced its target on the stock to $75 from $93 but believes the company’s story is intact and maintains an Outperform rating.
QUALCOMM Incorporated (NASDAQ:QCOM): Cowen raised its estimates on Qualcomm ahead of Q2 results citing better than expected chip sales and higher QTL royalty income. The firm continues to see market share gains and further multiple expansion and maintains its Outperform rating.
LTC Properties Inc. (NYSE:LTC): Wells Fargo downgraded the Healthcare REIT sector to Market Weight from Overweight citing valuation and risk of investor rotation out of space. The firm downgraded LTC Properties (NYSE:LTC) and Omega Healthcare (NYSE:OHI) in conjunction with the sector rating change.
Coinstar Inc. (NASDAQ:CSTR): DA Davidson expects pricing increases by Coinstar (NASDAQ:CSTR) to more than offset the costs of the Durbin Amendment, while the firm thinks that the company will develop workarounds for the new terms of its deal with Time Warner (NYSE:TWX). The firm believes that Coinstar’s competitive positioning is improving and it maintains a Buy rating;.
FirstEnergy Corp. (NYSE:FE): FirstEnergy removed from short-term buy list at Deutsche Bank
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