Transocean Injunction to Impact EPS and 4 Stock Analyses Buzzing Now
Transocean Ltd. (NYSE:RIG): According to UBS, the impact to Transocean’s due to the Brazilian injunction to end operations will show an impact of EPS 5c/share per week. The firm thinks that there is high risk that rigs will see downtime and that Brazilian issue will still be an overhang. The firm gives a Buy rating and a $70 price target on the stock.
Accenture plc (NYSE:ACN) provided stronger FY13 guidance than expected, causing Stifel Nicolaus to believe that the company’s guidance may be on the conservative side if the economy still shows modest improvement. If this occurs, the firm predicts further advancement of the stock, and it keeps a Buy rating on the stock.
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Navistar International Corp. (NYSE:NAV): UBS predicts that September Class 8 truck orders will be 15 thousand to 18 thousand units versus August’s 16.3 thousand units. The firm still believes that orders will pick up later in the year, and it continues to be constructive on the group.
General Electric Co. (NYSE:GE): According to Barclays, General Electric’s investor day was more bullish than predicted, and the firm thinks that the company has placed more focus on execution and cash use. Shares have an Overweight rating and a $25 price target.
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is believed by Cowen to be a possible target of acquisition by a biopharma company that needs to supplant its HVC pipeline, and this causes the firm to believe that the risk/reward is favorable. Achillion hosted an Analyst Day meeting and made a compelling case that its antiviral drug, ACH-3102, is differentiated from the first generation drugs. Shares are Outperform rated.