Analyst Insights: AOL, Allegiant Travel, Express Scripts, Chesapeake, SBA Communications April 10th
AOL, Inc. (NYSE:AOL): After AOL (NYSE:AOL) sold patents to Microsoft (NASDAQ:MSFT) for more than $1B in cash, Wells Fargo increased its valuation range for AOL to reflect the increase in the company’s cash. The firm maintains an Outperform rating on the stock.
Allegiant Travel Company (NASDAQ:ALGT): Maxim raised its price target for Allegiant Travel after the company announced March traffic results and reiterates a Buy rating on the name.
Express Scripts Inc. (NASDAQ:ESRX): Maxim believes Express Scripts is positioned to be the dominant industry leader following the acquisition of Medco. The firm raised its price target and recommends buying the stock.
Chesapeake Energy Corporation (NYSE:CHK): Baird said Chesapeake valuation is compelling citing the company’s monetization plans and yesterday’s sale of some non-core assets. The firm said there are more catalysts including additional monetizations of $1B+ non-core assets. Shares are Outperform rated.
SBA Communications Corp. (NASDAQ:SBAC): Canaccord said a potential T-Mobile tower asset sale could create another attractive buying opportunity for tower stocks SBA Communications (NASDAQ:SBAC), Crown Castle (NYSE:CCI), and American Tower (NYSE:AMT). The firm said a T-Mobile sale could be as large as $2.5B-$3B and that M&A synergies and additional leases could drive up future estimates.
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