Under Armour Reiterated at Outperform and 4 Stock Analyses to Follow
Warner Chilcott PLC.(NASDAQ:WCRX): Current price $13.55
Following misinterpreted comments by Actavis management regarding the potential for generic Mesalamine, UBS said Warner Chilcott PLC.’s shares were weak. The analyst does not see any new threats will be buyers of Warner Chilcott and said shares reflect a worst case scenario. Shares are Buy rated with a $24 price target.
Caterpillar Inc. (NYSE:CAT): Current price $98.29
After Caterpillar provided a fiscal year 2013 earnings per share guidance of $7.00-$9.00, RBC Capital believes the slope of the company’s recovery is uncertain. The firm thinks they are well-positioned to benefit from improving global construction and commodity trends, but is cautious about prospects for a quick recovery for their construction and mining equipment. They maintain a Sector Perform rating on the shares.
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Global Partners L.P. (NYSE:GLP): Current price $32.49
After Global Partners L.P. agreed to acquire 100% interest in a West Coast crude oil and ethanol facility, RBC Capital is upbeat about the deal and increased their estimates to incorporate recent guidance and the acquisition. The firm thinks the company is well-positioned to drive above average distribution growth over the next few years and they maintain an Outperform rating on the shares.
Under Armour, Inc. (NYSE:UA): Current price $47.48
Ahead of their fourth quarter results on Thursday, Credit Suisse reiterated their Outperform rating on Under Armour, Inc. The analyst believes that concerns regarding a slowdown in top-line momentum are overdone, and noted that a favorable sourcing environment and improved supply chain will increase operating leverage for the long-term. Shares are Outperform rated with a $59 price target.
LyondellBasell Industries NV OR (NYSE:LYB): Current price $61.99
Due to lower ethane costs, improving polyolefins pricing, and an uptick in Chinese petchem demand, Morgan Stanley raised LyondellBasell Incustries NV OR estimates. Shares are Overweight rated.
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