Allete Deemed Top Idea and 4 Stock Analyses to Track
Health Management Associates Inc. (NYSE:HMA): Imperial Capital believes that the 60 Minutes story about Health Management’s business is aggressive and only presents one side of the story. The firm is worried that potential issues are likely largely reflected in the company’s current share price, and it views the valuation as becoming more and more attractive. Imperial continues t have an In-Line rating on HMA.
Avago Technologies Limited (NASDAQ:AVGO): According to Brean Capital, the Analyst Days for both Avago and Broadcom (NASDAQ:BRCM) will be positive catalysts considering the expectations of positive updates of mobile demand. Channel checks have indicated a positive momentum in mobile devices and the company believes that Avago will highlight improved margins and Broadcom will highlight its product cycles. Both companies have a Buy rating.
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Lululemon Athletica Inc. (NASDAQ:LULU) is predicted by Cowen to report in-line Q3 results, and Q4 guidance should be in-line too. The firm predicts that there will be improved margins but slowing growth in its Athleta Stores during 2013. Cowen thinks that easing product margin comparisons and a strong holiday season has the potential to show an upside to their estimates. Shares have an Outperform rating.
Whiting Petroleum Corp. (NYSE:WLL): According to Stifel Nicolaus, Whiting’s current stock value provides the company with no credit for its exploration expertise. The firm is convinced that the Niobara asset has the potential to yield a large drilling inventory, which may eliminate a perceived lack of inventory depth versus its competitors. Stifel keeps a Buy rating and a $70 price target on the stock.
ALLETE, Inc. (NYSE:ALE): Baird has named Allete as a Top Idea due to strong electricity demand from customers along with expectations for above averages earnings growth. The firm remains convinced that its investment thesis continues to be on track as its pipeline of infrastructure projects drives its best-in-class returns. Shares have an Outperform rating and a $47 price target.
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