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Ctrip.com International Ltd. (NASDAQ:CTRP): Piper Jaffray expects Ctrip.com’s Q2 results to hit the low end of the company’s revenue and margin guidance after China air traffic data for May indicated continued deceleration. The firm lowered its Q2 and 2012 estimates for Ctrip.com and dropped its price target for shares to $19 from $24 while keeping a Neutral rating on the stock.
Diamond Foods, Inc. (NASDAQ:DMND): BMO Capital believes that Oaktree’s investment in Diamond recapitalizes the company but fails to provide it with any incremental cash. The firm thinks the performance goals set by Oaktree are challenging and it maintains a Market Prrform rating on Diamond.
Edwards Lifesciences Corp. (NYSE:EW): BMO Capital increased its target on Edwards after an FDA panel recommended that the agency approve the company’s Cohort A Sapien heart valve. However, the firm maintains a Market Perform rating on the stock.
Casey’s General Stores Inc. (NASDAQ:CASY): BofA/Merrill lowered Casy’s General Stores estimates due to higher operating expense growth but said its merchandise sales growth outlook is robust and growth profile is compelling. Shares are Buy rated with a $60 price target.
Intel Corporation (NASDAQ:INTC): Bernstein believes that Intel (NASDAQ:INTC) could establish a foundry relationship with Apple (NASDAQ:AAPL). The firm thinks that such a deal could be profitable for Intel, but it maintains a Market Perform rating on the stock.
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