Analyst Alerts: Parametric Technology, Lam Research, Republic Services, Arch Coal April 9th
Parametric Technology Corporation (NASDAQ:PMTC): RBC Capital reduced its target on Parametric after the company preannounced weaker than expected Q2 results. The firm, however, expects the company to benefit from several multi-year trends and it maintains an Outperform rating.
Lam Research Corporation (NASDAQ:LRCX): Needham expects Lam Research to report strong Q3 results on April 18 and sees upside to the company’s guidance for Q4. The firm thinks strong bookings from leading customers will drive higher than expected results and keeps a Buy rating on the name with a $50 price target.
Republic Services, Inc. (NYSE:RSG): Gabelli notes that companies in the waste industry have relatively high margins, stable revenue flows, and high barriers to entry. The firm recommends buying, in order of preference, Republic Services (NYSE:RSG), Waste Connections (NYSE:WCN), and Casella Waste (NASDAQ:CWST).
Arch Coal Inc. (NYSE:ACI): UBS said more U.S. coal production cuts are coming and that thermal demand is waning due to weather and natural gas fuel switching. The firm expects a material impact to thermal producer estimates and expects a sizable cut at Arch Coal (NYSE:ACI) and for Alpha Natural (NYSE:ANR), Patriot Coal (NYSE:PCX) and James River Coal (NASDAQ:JRCC) to adjust production also.
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