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Cameron International Corporation (NYSE:CAM): Pritchard said its sources indicate Cameron (NYSE:CAM) is in advanced negotiations to receive a significant subsea tree award from Petrobras (NYSE:PBR). The firm’s sources indicate Cameron along with GE Oil and Gas (NYSE:GE) and Aker Solutions are all in the running for portions of the remaining 270 pre-salt trees. Pritchard reiterates a Buy rating and $77 price target for Cameron shares citing its confidence in the company winning the tree award.
Micron Technology Inc. (NASDAQ:MU): Baird said the recent pullback in Micron offers a strong buying opportunity as they believe the company will return to profitability by the summer. The firm believes the potential acquisition of Elpida assets would increase its market share and improve its margins in the mobile DRAM business. Baird also cited improved pricing trends in DRAM and consolidation trends should tighten supply. Shares are Outperform rated.
Coinstar Inc. (NASDAQ:CSTR): Pacific Crest raised its target on Coinstar after the company preannounced higher than expected Q1 EPS. The firm thinks the company can surpass its newly raised guidance, and it maintains an Outperform rating on the stock.
Google Inc. (NASDAQ:GOOG): After Google reported higher than expected Q1 EPS but said that its cost per click declined 12%, Pacific Crest said it won’t worry much about cost per click declines as long as the amount of clicks continue to increase by a greater amount. The firm has a $750 target and Outperform rating on the stock.
JB Hunt Transport Services Inc. (NASDAQ:JBHT): Susquehanna raised its price target on J.B. Hunt following better than expected Q1 results. The firm believes the industry is still in the early innings of a multi year secular growth story in intermodal transport. Susquehanna also cited truck supply tightness, potential new markets, and better pricing for its positive view. Shares are Positive rated.
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