Abercrombie & Fitch Co. (NYSE:ANF): According to Piper Jaffray, the Southern European retail markets are still challenging and current quarter trends could be running lower than anticipated for Abercrombie & Fitch, Crocs (NASDAQ:CROX), Guess (NYSE:GES), and Warnaco (NYSE:WRC).
Amgen Inc. (NASDAQ:AMGN): Partially because Epo sales could exceed expectations, Amgen should beat expectations and increase Q2 results, according to RBC Capital. The firm believes that investors are gaining positive feelings toward the stock, causing the firm to keep its Outperform rating on the shares.
Marvell Technology Group Ltd. (NASDAQ:MRVL) should report results not reaching expectations for the July quarter, the firm states due to its belief that production during late June was shut down by disk drive makers, significantly impacting Marvell’s storage segment revenue. The firm keeps its Outperform rating but reducea its price target for the company from $21 to $19.
Riverbed Technology, Inc. (NASDAQ:RVBD): The Street could possibly be too optimistic concerning Riverbed’s core markets’ outlook, according to RBC Capital, whose 2012 and 2013 revenue estimates for Riverbed stay below consensus levels. The firm keeps its Underperform rating on the stock.
SAP AG (NYSE:SAP) was named a long Research Tactical Idea by Morgan Stanley.
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