AOL Target Raised after Strong Q3 and 4 Stock Analyses to Note
Elizabeth Arden, Inc. (NASDAQ:RDEN): Wells Fargo stated that that Elizabeth Arden’s Q1 results has increased its confidence in the company’s growth strategy. The firm found the company’s margin expansion impressive, and it predicts a significant increase to the company’s margins during the second half of FY13. The firm reiterates its Outperform rating on the stock.
Dish Network Corp. (NASDAQ:DISH): Wells Fargo was not impressed by DISH’s Q3, but the firm also wasn’t disappointed. The firm notes that the company reported higher than expected subscriptions, and it claims to see some upcoming catalysts for the company. The firm sees a possibility of DISH could merging with DirecTV (NASDAQ:DTV). The firm keeps its Outperform rating on the stock.
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BorgWarner Inc. (NYSE:BWA) reported a lower backlog than predicted, influencing Wells Fargo to predict that 2013 consensus estimates for the company would fall. However, the firm believes that that the backlog indicates some recovery in European production volumes beyond 2013. The firm reiterates its Outperform rating.
FedEx Corporation (NYSE:FDX): After meeting with FedEx’s management, Citigroup doesn’t think that the stock is an adequate reflection of near trough fundamentals or the near-term earnings catalysts FedEx will receive from its restructuring initiative. The firm adds that one-third of restructuring benefits will likely occur during FY14, and it predicts that the stock will be boosted by progress towards restructuring goals. The firm keeps its Buy rating on the stock.
AOL, Inc. (NYSE:AOL) target has been raised by Deutsche Bank after it reported stronger Q3 results than predicted. The firm believes that the stock has the ability to surpass $50, but only if the company has the ability to increase its out year OIBDA margin for the media segment to 10 percent, which the firm views as an eventual possibility. The firm keeps its Buy rating on the stock.