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Apple Inc. (NASDAQ:AAPL): After conducting supply chain checks, Stern Agee believes that Apple is less likely to surpass consensus iPhone estimates over the next two quarters, and that near-term iPhone expectations are likely too high. However, the firm thinks that the likelihood of iPad sales beating consensus estimates has increased. The firm raised its estimates for Apple slightly, and maintains a $780 target and Buy rating.
The Men’s Wearhouse, Inc. (NYSE:MW): Cowen said Men’s Wearhouse is scheduled to report Q1 results in first week of June and projects higher gross margins could produce upside to their already above Street estimates. The firm also believes spending on men’s apparel is in the early stages of a multi-year cycle. Shares are Outperform rated.
KEMET Corp. (NYSE:KEM): BWS Financial believes Kemet is selling off purely on emotion as the industry is seeing a rebound. The firm recommends using the current pullback in the stock as a buying opportunity and maintains a Buy rating on the name.
Mercadolibre, Inc. (NASDAQ:MELI): After MercadoLibre reported weaker than expected Q1 results, Pacific Crest believes that the company is continuing to gain share, and the firm expects the company’s payments business to rebound in Q2. The firm maintains an Outperform rating on the stock.
Groupon Inc (NASDAQ:GRPN): Susquehanna lowered its price target on Groupon following better than expected results. Although guidance was slightly better the firm said they want to see evidence of more sustainability in the company’s model. Shares remain Neutral rated.
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