Analyst Insights: Lululemon, Aspen Technology, Anadarko, Baidu, Vocus June 7th
Lululemon Athletica Inc. (NASDAQ:LULU): William Blair reiterates an Outperform rating on Lululemon following the company’s Q1 results and said it would be inclined to buy the stock on today’s weakness. The firm views Lululemon’s Q2 guidance as healthy and points out that management tends to be somewhat conservatively when setting expectations.
Aspen Technology Inc. (NASDAQ:AZPN): Aspen Technology use weakness as a buying opportunity, says JPMorgan
Anadarko Petroleum Corporation (NYSE:APC): Canaccord said the impact from Tronox is likely $3-$4 per share rather than the $12 loss in Anadarko’s stock. Shares are Buy rated with a $118 price target.
Baidu, Inc. (NASDAQ:BIDU): After meeting with the CFO of Baidu, research firm Jefferies believes that the company’s Q2 is tracking well. The firm thinks that the company’s 2H12 outlook is stable, while ARPU increases and customer growth should generate growth in FY12. Baidu believes that the growth of the mobile Internet creates both opportunities and threats, but Jefferies reiterates a $200 target and Buy rating on the stock.
Vocus Inc. (NASDAQ:VOCS): Following its analyst day, Raymond James reiterated its Strong Buy rating on Vocus and said it remains undervalued and has significant growth opportunities.
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