Active Stock Alerts: RadioShack, Illumina, Kodak, Lam Research, Apple April 19th
Apple Inc. (NASDAQ:AAPL): Canaccord’s checks indicate modestly slowing iPhone 4S sell-through in developed markets. The firm lowered near-term iPhone estimates but raised its FY13 iPhone estimate to reflect an anticipated strong LTE iPhone 5 ramp. The firm expects strong Q2 results with sequentially lower guidance. Shares are Buy rated with an increased price target of $740.
RadioShack Corp. (NYSE:RSH): Stifel Nicolaus reduced its target on RadioShack as the firm thinks the company is continuing to face a number of pressures. However, the firm expects the company’s results to bottom in Q1, as it believes that the company has upcoming positive catalysts in 2H12. The firm maintains a Buy rating.
Illumina Inc. (NASDAQ:ILMN): Baird said they are negative short term on Illumina (NASDAQ:ILMN) shares given yesterday’s price action and the company’s rejection of Roche’s (RHHBY) offer. The company managed to keep control of its board and Baird said they remain confident they can deliver outperformance and growth over the long term. The firm also believes if Illumina were to come to the negotiation table, Roche would re-embrace the offer. Shares are Outperform rated.
Lam Research Corporation (NASDAQ:LRCX): After Lam reported stronger than expected Q3 results, Stifel expects the company to benefit from robust foundry spending in the near term. The firm also thinks that Lam will benefit from higher than expected memory capex spending in 2H12, and it maintains a $60 target and Buy rating.
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