BofA Raises Apple Price Target, Wells Fargo Positive on AMD, Gabelli Rates Verizon a Buy

Apple Inc. (NASDAQ:AAPL): Apple price target raised to $610 from $515 at BofA/Merrill.

Advanced Micro Devices, Inc.(NYSE:AMD): After AMD reported revenue for its December quarter that was slightly below the consensus estimate, Wells Fargo was nevertheless pleased by what it believes are the company’s increasing share of the server market and improving 32nm yields. The firm maintains an Outperform rating.

Big Lots Inc.(NYSE:BIG): Benchmark lowered Big Lots estimates following checks that indicate below plan sell-through of seasonal merchandise. The firm maintains its Buy rating and $45 price target.

Verizon Communications Inc.(NYSE:VZ): After Verizon reported slightly weaker than expected Q4 results, Gabelli nonetheless believes that the company’s wireless business is strong and maintains a Buy rating on the stock.

Watson Pharmaceuticals Inc.(NYSE:WPI): Credit Suisse believes many of Watson’s key strengths remain in place and that recent weakness is a buying opportunity. Shares are Outperform rated with a $70 price target.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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