Analyst Insights: National Grid, Sequenom, EOG Resources, Check Point, CROCS April 24th

CROCS Inc. (NASDAQ:CROX): Piper Jaffray expects Crocs to report solid Q1 results and reiterates an Overweight rating on the stock with a $29 price target ahead of the report. Piper believes shares continue to trade at a compelling valuation.

National Grid plc (NYSE:NGG): Note that Morgan Stanley upgraded National Grid yesterday to Overweight.

Sequenom Inc. (NASDAQ:SQNM): After traveling with management and conducting a survey of fetal medicine specialists, William Blair believes Sequenom’s MaterniT21 volumes could top 14,000 tests in Q2, significantly higher than the consensus expectation of around 10,000 tests. The firm adds that its survey highlighted controversy within the clinical community regarding MaterniT21 along with competitor tests from Verinata, Ariosa, and Natera. William Blair keeps an Outperform rating on shares of Sequenom.

EOG Resources, Inc. (NYSE:EOG): Credit Suisse recommends buying EOG Resources ahead of several near-term catalysts that include upside to 2012 oil growth guidance, asset sales updates, and expansion of crude by rail capacity. Shares are Neutral rated with a $126 price target.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): After Check Point reported Q1 results that RBC Capital views as in-line, the firm believes that the company’s strong cash flow is positive for the stock over the longer term. The firm thinks that the company’s lower than expected Q2 revenue guidance is likely conservative and it maintains a $65 target and Outperform rating on the shares.

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