Salesforce.com (NYSE:CRM): After conducting detailed checks, Piper Jaffray states that Salesforce.com’s partners view its pipeline as “very solid,” and that the firm would not be surprised if the company does very well in 2H12. Also, partners report that a large amount of customers are turning to Salesforce.com for all of their front office needs. The firm keeps a $207 target and an Overweight rating on the stock.
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KAYAK (NYSE:KYAK) reported solid Q2 results, according to Piper Jaffray, and the firm believes that the company is doing well even while other online travel companies report weak results and offer weak guidance. The firm keeps a Neutral rating due to valuation but would recommend using any material weakness in the stock because of uncertain online travel market conditions to purchase the shares.
McDonald’s Corp. (NYSE:MCD): After meeting with McDonald’s management, Oppenheimer thinks that an opportunity may exist to own the company’s stock ahead of the August sales comps that could raise the shares. The firm thinks that the company’s August comps will see benefits from easier comparisons and slower competitor momentum, but it keeps its Perform rating on the stock.
Impax Laboratories Inc. (NASDAQ:IPXL): Canaccord claims that Impax possesses a number of catalysts ahead that will push shares higher which includes the remediation of the warning letter, an Adderall XR settlement with Shire, and Rytary October 21 PDUFA. Shares have a Buy rating and a $29 price target.
Teva Pharmaceutical Industries Limited (NASDAQ:TEVA): According to Canaccord, Teva is catalyst heavy in 2H 2012 beginning with the anticipated December strategic business update which wil provide clarity into its multi-year growth story, raise visibility into its R&D pipeline, and focus on operational cost savings. Shares have a Buy rating and a $52 price target.
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