V.F. Corp. Issued $183 Price Target and 3 Stock Analyses to Eye

Caterpillar Inc. (NYSE:CAT) price target was reduced by Baird after the company lowered its full year guidance. According to the firm, valuation continues to be depressed given its outlook for a minor earnings decline, and the firm believes that the risk/reward is favorable. Baird gives the shares an Outperform rating. Also, after the company’s reduced EPS guidance, BMO Capital thinks that, based on historical trends, the company’s 2013 revenue guidance suggests another possible reduction in the EPS outlook. BMO Capital keeps a Market Perform rating on the stock.

Merck & Co. Inc. (NYSE:MRK): According to JPMorgan, the possible FDA safety warning on Sanofi’s (NYSE:SNY) Ambien may be a positive for Merck’s insomnia treatment candidate suvorexant. The firm stated that the physician survey suggests that such a warning would change Ambien prescribing habits, and the firm keeps its Overweight rating on the stock.

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V.F. Corporation (NYSE:VFC) reported higher than Q3 EPS than predicted but lower revenue than expected, influencing DA Davidson to believe that the company’s earnings outlook in Q4 and into 2013 remain strong. The firm increased the stock’s price target to $183 from $177 and keeps a Buy rating on the stock. VF Corp was removed from from Morgan Stanley’s Best Ideas List because of a lack of catalysts. Shares keep an Overweight rating and a $178 price target.

Peabody Energy Corp. (NYSE:BTU) target has been increased by BMO Capital following the company’s report of stronger than expected results along with stronger than expected guidance. The firm predicts that the coal markets have the potential to turn the corner, and it keeps its Outperform rating on the stock.

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