Marvell Technology Group Ltd. (NASDAQ:MRVL) estimates have been reduced by UBS due to expected storage and wireless softness into the year’s end. The firm’s checks suggest ongoing HDD demand weakness and lower than usualy seasonal PC demand. The firm keeps a Neutral rating and a $9 price target on the stock.
American Vanguard Corp. (NYSE:AVD) shares experienced a recent pullback, but Piper Jaffray believes that this is unwarranted and that current share levels provide an opportunity to add to positions. Piper thinks that 2013 corn fundamentals provide upside potential, and it keeps its Overweight rating on the stock.
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Akorn Inc. (NASDAQ:AKRX): After it met with management, Piper Jaffray thinks that Akorn’s generic pipeline places the company in the position for long-term earnings growth. Piper believes that the valuation of the shares is attractive, and it keeps its Overweight rating and a $21 price target on the stock.
Vulcan Materials Company (NYSE:VMC): After it spoke with management, RBC Capital predicts that the company will see benefits next year resulting from stronger volumes, favorable pricing, and more cost savings. The firm believes that there are various other positive catalysts for the stock. The firm keeps its Outperform rating and a $54 price target on the stock.