Seagate Technology. (NASDAQ:STX): Deutsche Bank has lowered its estimates for Seagate (NASDAQ:STX) and Western Digital (NYSE:WDC), citing lower industry unit volumes and HDD pricing. They believe that shares of both will be range-bound in the near-term. The firm dropped their price target for Western Digital from $51 to $38, but maintains a Buy rating on name. Deutsche keeps a Hold rating on Seagate with a $27 price target.
Visa, Inc. (NYSE:V): Deutsche Bank recommended buying shares of Visa (NYSE:V) and MasterCard (NYSE:MA) after both companies announced a settlement for the seven-year merchant interchange litigation. Deutsche said that the agreement does nothing to increase competition, but believes that a big risk for both names has been removed. The firm added that both Visa and MasterCard reiterated future guidance.
Apple Inc. (NASDAQ:AAPL): Piper Jaffray recommends owning shares of Apple, as the company’s expected results for iPhone units will be stronger than estimated. Piper believes that investors are expecting 25M-27M units, but thinks the number could be closer to 28M-29M. The firm keeps an Overweight rating on the stock with a $910 price target.
Merck & Co. Inc. (NYSE:MRK): Leerink raised their target price range for shares of Merck and cited positive feedback for the drug, Odanacatib, their osteoporosis treatment. The firm keeps an Outperform rating on the stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG): After shares pulled back, William Blair recommended that Intuitive Surgical (NASDAQ:ISRG) positions be added. This followed a negative pre-announcement from MAKO Surgical (NASDAQ:MAKO). William Blair said that their channel checks indicated that they are seeing a strong demand for both systems and procedures. The firm expects the company’s second quarter procedure growth to hit the top end of guidance. There is an Outperform rating on the stock.
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