Analyst Insights: Corning, Navistar, Liberty Media, CIT, Apple June 12th
Apple Inc. (NASDAQ:AAPL): Sterne Agee expects Apple’s new Maps app, greater social networking integration, and greater focus on the China market to drive more adoption of the Apple platform and it maintains a $780 target and Buy rating on the shares.
Navistar International Corp. (NYSE:NAV): After reports indicated that Navistar could sell itself, Sterne Agee sees “reasonable merit” in these reports, but believes that progress on any deal is likely to be slow. The firm maintains a $50 target and Buy rating on Navistar.
Liberty Media Interactive (NASDAQ:LINTA): Lazard Capital believes the July split of Liberty Interactive into separate tracking stocks could drive a significant rise in value and believes it makes sense to buy shares of Liberty Interactive now. The firm maintains a Buy rating on the name with a $22 price target.
CIT Group, Inc. (NYSE:CIT): Sterne Agee expects CIT’s economic book value to increase and the firm thinks that the company’s underlying fundamentals should remain strong.
Corning Inc. (NYSE:GLW): Correction: Previous Corning note by Sterne Agee was from last month.
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