Amgen Price Target LIFTED and 4 Stock Insights Start the Week
The Coca-Cola Company (NYSE:KO) valuation range was increased by Wells Fargo due to the firm’s prediction that investors will value the stock’s defensive and reliable quality higher within the recent macro economic environment. The firm keeps and Outperform rating on the stock.
Amgen Inc. (NASDAQ:AMGN) price target was increased by Baird before Q2 results are revealed. The firm predicts a meaningful upside to expectations because of a strong operational upside, insulation from macro conditions, dividend increases, and stock buybacks. The shares have an Outperform rating.
Polaris Industries, Inc. (NYSE:PII): Following dealer checks, Wells Fargo views Polaris’ fundamentals as remaining strong, and the firm keeps its Outperform rating on the stock.
Apple Inc. (NASDAQ:AAPL) shares should be purchased on weakness, says Baird, citing good channel checks, the anticipated iPhone 5 launch, strong momentum for the iPad 3, and valuation. Shares have an Outperform rating and a $740 price target.
Wells Fargo & Company (NYSE:WFC): According to Baird, the firm would be buyers of Wells Fargo due to weakness after solid results for Q2. The firm mentioned strong mortgage banking results, continued expense improvement, and valuation. The firm gives an Outperform rating and a $38 price target on the stock.
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