Analyst Alerts: Denbury Resources, QUALCOMM, Bed Bath & Beyond, Liquidity Services April 5th
QUALCOMM Incorporated (NASDAQ:QCOM): Barclays raised Qualcomm estimates citing smartphone strength and chipset market share gains. Shares are Overweight rated.
Denbury Resources Inc. (NYSE:DNR): Stifel Nicolaus believes that Denbury is well-positioned to increase its production by double digit levels over the next 15 years. Oil is expected to comprise almost all of its reserves, and the firm maintains a $30 target and Buy rating on the stock.
Bed Bath & Beyond, Inc. (NASDAQ:BBBY): Baird raised its price target on Bed Bath & Beyond following impressive Q4 results. The firm cited cost controls, strong comps, and conservative guidance. Baird also noted the potential for moderating margins and earnings gains over 2H12 and recommends managing exposure. Shares remain Outperform rated. Argus increased its target on Bed Bath & Beyond after the company reported higher than expected Q4 EPS. The firm expects the company to benefit from top-notch merchandising, financial strength and growth potential, and Argus maintains a Buy rating on the stock.
Liquidity Services, Inc. (NASDAQ:LQDT): Baird raised it price target on Liquidity Services following positive marketplace analysis. The firm cited positive checks in LSI’s commercial and municipal government segments, improving momentum in retail liquidations, and large overall market opportunity. Shares are Outperform rated.
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