Netflix, Inc.(NASDAQ:NFLX): Credit Suisse said Netflix had a better than expected Q4 beat with solid Q1 guidance. Shares are Outperform rated. Piper Jaffray believes Netflix’s better than expected Q4 results will increase the level of comfort for investors. The firm upped its price target for shares and keeps an Overweight rating on the stock.

Polaris Industries, Inc.(NYSE:PII): Baird raised its price target on Polaris Industries following Q4 results. The firm cited product momentum, competitive advantages in innovation, operations and distribution, and several growth opportunities. Shares are Outperform rated.

Covance Inc.(NYSE:CVD): Jefferies says Covance’s IT spending growth will negate two years of growth. The firm expects the stock to fall 15% and notes the mid-point of its 2012 guidance is 30c below consensus. Jefferies keeps a Hold rating on Covance shares with a $44 price target.

Charles River Laboratories International, Inc.(NYSE:CRL): Jefferies believes Covance’s (NYSE:CVD) $300M share repurchase suggests the company is not saving for an acquisition and points out its preclinical fundamentals look weaker. The firm expects Charles River Labs (NYSE:CRL) to sell-off on the news since Covance was speculated as a potential buyer for the company.

Equinix, Inc.(NASDAQ:EQIX): After Equinix indicated that it would be open to becoming a REIT, Wells Fargo believes that Equinix’s recurring FCF growth would be superior to that of data center REIT Digital Realty (NYSE:DLR). The firm thinks that becoming a REIT would allow Equinix to create shareholder value, and it raised its valuation range on the stock to $146-$156 from $123-$131. The firm maintains an Outperform rating on the stock.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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