Analyst Stock Action: F5 Networks, Texas Capital, Safeway, United Natural, Discovery Labs
F5 Networks, Inc. (NASDAQ:FFIV): After conducting checks, ThinkEquity believes that F5 Networks’ momentum is accelerating.
Texas Capital BancShares Inc. (NASDAQ:TCBI): SunTrust said Encore Bancshares’ (NASDAQ:EBTX) 38% takeout premium underscores Texas Capital’s (NASDAQ:TCBI) scarcity value and supports its valuation. The firm said Texas Capital is another potential takeover target and could sell at a 20%-30% premium. Shares are Buy rated.
Safeway Inc. (NYSE:SWY): Cowen said Safeway’s recent analyst day had a positive tone and believes the shares offer a favorable risk/reward. The firm cited the introduction of a new core business platform, a capital allocation strategy, and the prospect of growing profits from trough levels. Shares are Outperform rated.
United Natural Foods, Inc. (NASDAQ:UNFI): After United Natural reported stronger than expected Q2 results, RBC Capital views the results as solid, and believes that the company’s margins “may have turned the corner.” The firm expects the company’s revenue to beat expectations going forward, and it maintains an Outperform rating.
Discovery Laboratories Inc. (NASDAQ:DSCO): After Discovery Labs’ synthetic surfactant, Surfaxin, was approved by the FDA, Roth Capital thinks the company could sell itself, or obtain a partner. The firm believes that the FDA’s approval significantly increases the value of the company’s stock, and it raised its target on the shares to $10 from $6 while maintaining a Buy rating.
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