Baidu Expected to Beat Consensus and 3 Must-See Stock Analyses
McKesson Corporation (NYSE:MCK): Current price $105.05
Following their third quarter results, Cowen recommends that investors buy McKesson Corporation on weakness. The firm cited two one-time charges that hurt the quarter, the addition to their stock buyback authorization, and the acquisition of PSS World Medical (NASDAQ:PSSI) which should help drive growth next year. Shares are Outperform rated.
Harman International Industries Inc. (NYSE:HAR): Current price $45.65
Following their second quarter results, Baird views the weakness in Harmon International Industries Inc. as a buying opportunity and calls it a Top Idea. The firm expects the second half of 2013 to represent an inflection in revenues and margin. They also believe that the recent shortfall is due to margin compression from German automakers. Shares are Outperform rated and the price target was lowered from $65 to $57.
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Tenneco Inc. (NYSE:TEN): Current price $35.97
After Tenneco Inc.’s stock dropped following their conference call, Wells Fargo expects the company’s commercial vehicles revenue to increase this year. The firm thinks the stock is poised to perform well into the company’s Investor Day scheduled for February 14, and they maintain an Outperform rating on the shares.
Baidu, Inc. (NASDAQ:BIDU): Current price $107.69
Maxim said that Baidu, Inc.’s fourth quarter earnings and revenue are likely to beat consensus, but cautions that the company’s first quarter revenue outlook may be weak and margins during that quarter could decline year-over-year. Maxim added that their channel checks indicate that Qihoo 360 (NYSE:QIHU) may have grabbed 10% of search ad budgets among certain advertisers in the first quarter. The firm reiterates a Sell rating on Baidu with an $80 price target.
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