Active Stock Alerts: McDonald’s, DreamWorks, Facebook, Harley-Davidson June 11th
McDonald’s Corp. (NYSE:MCD): After McDonald’s reported lower than expected May same-store sales, Bernstein believes that McDonald’s is facing increased competition in many markets. The firm thinks that last month’s results point to a slower pace of growth ahead for the company and it maintains a Market Perform rating on the stock. Baird said they believe McDonald shares could be range bound in the shot run but believes the valuation remains compelling. The firm believes the risk/reward remains compelling citing its dividend yield and solid internal fundamentals which will support solid earnings growth once the company gets past its short term cost issues. Shares are Outperform rated with a $100 price target.
DreamWorks Animation SKG Inc. (NASDAQ:DWA): After Dreamworks’ “Madagascar 3″ had a stronger than expected North American opening weekend, Stifel Nicolaus still thinks that the stock is expensive, and it maintains a Sell rating on the shares.
Facebook (NASDAQ:FB): Based on the prices paid for the social marketing companies recently purchased by Oracle (NASDAQ:ORCL) and Salesforce.com (NYSE:CRM), Needham estimates that investors are under valuing Facebook (NASDAQ:FB) in comparison to industry players. The firm said skepticism about the power of advertising on Facebook’s platform and the market’s underestimation of the platform’s power with women has resulted in an overcorrection to the stock’s valuation. Needham reiterates a Buy rating and $40 price target on Facebook shares.
Harley-Davidson, Inc. (NYSE:HOG): After conducting channel checks, Wells Fargo believes that Harley-Davidson’s May quarter-to-date U.S. retail sales are up 12%-15% year-over-year. The firm adds that most dealers indicated that early activity in June is strong and up year-over-year, and Wells maintains an Outperform rating on the stock.
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