Analysts Says Abercrombie & Fitch Stock Attractive, Citi Likes Blackstone Shares, Broadcom Downgraded
Abercrombie & Fitch Co. (NYSE:ANF): Jefferies believes shares of Abercrombie & Fitch are already pricing in bad news at current levels. The firm finds the stock very attractive for the rest of 2012 and keeps a Buy rating on Abercrombie with a $70 price target.
Newell Rubbermaid Inc.(NYSE:NWL): Morgan Stanley believes Newell’s improved business mix is not reflected in valuation. Shares are Overweight rated.
The Blackstone Group (NYSE:BX): Citigroup recommends buying Private Equity names on any pullback following reports the SEC has launched an informal inquiry into the sector. Citi calls KKR (NYSE:KKR) its favorite name in the space and believes the sell-off in Apollo Global (NASDAQ:APO) post the company’s Q4 results is overdone.
Broadcom Corp.(NASDAQ:BRCM): Benchmark Co. downgraded the Semiconductor sector to Market Weight from Overweight citing valuation following the recent run-up in stocks. To firm coupled the sector rating change with downgrades of Broadcom (NASDAQ:BRCM) and Marvell Technology (NASDAQ:MRVL) to Hold from Buy. Benchmark Co. keeps Buy ratings on ARM Holdings (NASDAQ:ARMH), CEVA (NASDAQ:CEVA), MoSys (NASDAQ:MOSY), EZchip Semiconductor (NASDAQ:EZCH), Entropic (NASDAQ:ENTR) and Diodes (NASDAQ:DIOD).
Michael Kors Holdings(NYSE:KORS): Jefferies expects Michael Kors to report solid Q3 results tomorrow, February 14, and reiterates a Buy rating on the stock with an increased price target ahead of the numbers.
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