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Sina Corp. (NASDAQ:SINA): Brean Murray lowered its price target on SINA following Q1 results. The firm cited light guidance and a soft industry outlook for its lowered target but maintains its Buy rating as user growth increased and the company launched its Weibo displayed advertising system in an attempt to monetize its asset.
Silver Wheaton Corp. (NYSE:SLW): After Silver Wheaton reported lower than expected Q1 adjusted EPS, RBC Capital expects the company to generate $522M in free cash flow this year, giving the company the ability to pursue acquisitions in a weak junior mining equity market. The firm maintains a $46 target and Outperform rating on the stock.
Tech Data Corp. (NASDAQ:TECD): Goldman’s Tech Data Q1 estimate is $1.12/$6.21B vs. consensus $1.17/$6.19. For 2H, the firm said Street estimates are too high given European weakness and it remains 15% below consensus. The analyst sees risk to 2H revenues and reiterates its Sell rating and $45.50 price target.
Dick’s Sporting Goods Inc. (NYSE:DKS): Baird raised its price target on Dick’s Sporting following better than expected Q1 results. The firm cited robust comps and earnings per share leverage. Baird said Dick’s sporting remains a top growth idea and maintains its Outperform rating.
Arctic Cat Inc. (NASDAQ:ACAT): Baird said the recent share decline in Arctic Cat following disappointing guidance should be used by investors to accumulate the shares. The firm cited potential upside to guidance, solid fundamentals, execution, and strong balance sheet. Shares are Outperform rated with a $45 price target.
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