Apple Analyst Sees $770 Ahead and 4 Investor Insights Making Rounds
Web.com Group, Inc. (NASDAQ:WWWW) has been named by Piper Jaffray as a top Internet stock pick for 2013, and it also believes that the recent pullback in shares provides a positive entry point. The firm has decided to keep its Overweight rating and $25 price target on the stock.
Facebook, Inc. (NASDAQ:FB) price target has been increased by Cantor due to data that indicates that the amount of time smartphone users spent on the site saw an increase during November. Furthermore, the firm stated that the company’s mobile monetization has shown improvement. The firm keeps its Buy rating on the stock.
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Baker Hughes Incorporated (NYSE:BHI) target has been lowered by RBC Capital following the company’s issuance of a preannouncement that suggests its North America revenue and profit margin might not reach Q4 expectations. The firm keeps its Outperform rating but reduced its estimates on the stock.
Apple Inc. (NASDAQ:AAPL) recent sell-offs have been credited by JPMorgan to reports that the iPhone 5 supply chain has been adjusting to lower orders. Also, the firm has claimed that its research shows that the order may show a potential impact on Apple’s March quarter. However, JPMorgan has claimed that the order cuts are not alarming and may potentially improve Apple’s gross margins. The firm has decided to keep its Overweight rating and a $770 price target on the stock.
Clean Harbors, Inc. (NYSE:CLH): According to RBC Capital, Safety-Kleen, which Clean Harbors acquired in October, possibly could miss its 2012 EBITDA guidance, but the firm continues to think that concerns regardin the acquisition are overdone. The firm keeps its Top Pick rating on Clean Harbors.
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