Active Stock Alerts: Uranium Energy, SeaDrill, Under Armour, Apple, Fusion-IO June 12th
Uranium Energy Corp. (AMEX:UEC): RBC Capital cut its target on Uranium Energy after the company reported that it produced less than expected uranium in Q3, and said that it booked no sales during the quarter. The firm maintains an Underperform rating on the stock.
SeaDrill Limited (NYSE:SDRL): Bernstein believes Seadrill has much more downside than peers if there is a global recession and less upside. The firm said if crude remains around $100/bbl, Seadrill’s growth potential is limited given its high payout and notes its total return is inferior to competitors. Shares are Underperform rated.
Under Armour, Inc. (NYSE:UA): BofA/Merrill added Under Armour to its US 1 List to reflect 2012 momentum driven by new product launches, outlet growth, increased underwear product at department stores, and the roll-out of shop-to-shop concepts. Shares are Buy rated with a price target raised of $120, raised from $115.
Apple Inc. (NASDAQ:AAPL): JMP Securities believes that the announcements made by Apple yesterday were mostly anticipated in advance by investors, while investors were disappointed about the lack of news regarding Apple TV. The firm reiterates a Market Perfrom rating on the stock.
Fusion-IO, Inc. (NYSE:FIO): Morgan Stanley said Fusion-io’s (NYSE:FIO) expansion into Cisco (NASDAQ:CSCO) is another growth opportunity and demonstrates its product strength. Shares are Overweight rated.
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