Warner Chilcott ENDS Strategic Review and 4 Stock Analyses Making Headlines
Warner Chilcott plc (NASDAQ:WCRX) announced that it ended its strategic review without the pursuance of any takeover bids, causing Roth Capital to believe that the lack of a bid was mostly already reflected in the share price. The firm believes that the company’s moves were positive, and it keeps a Buy rating and a $27 target on the stock.
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Lamar Advertising Co. (NASDAQ:LAMR): According to Piper Jaffray, it sees some possible issues regarding Lamar Advertising’s possible conversion to a REIT status, and it keeps an Underweight rating on the stock. Piper claims that a REIT conversion would not yield material tax savings for Lamar until after 2015, and it sees several challenges to convert an ad-based business and one with erratic capex requirements.
Allot Communications Ltd. (NASDAQ:ALLT): After meeting with the company’s management, Oppenheimer thinks that the company’s pipeline is healthy, growing, and filled with “mega carrier opportunities.” The firm recommends aggressively buying at current levels.
Church & Dwight Co. Inc. (NYSE:CHD) reported higher than expected EPS but lower revenue than expected, causing Oppenheimer to not believe that the results reflect a large change in fundamentals or the competitive landscape. The firm keeps its Outperform rating and a $58 target on the stock.
WMS Industries Inc. (NYSE:WMS) estimates were reduced by Goldman due to weak Q4 results and a rise in spending. The firm keeps believing that the slot industry shows minimal growth and increased competition. The firm gives the stock a Sell rating.
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