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Marvell Technology Group Ltd. (NASDAQ:MRVL): After the company’s second quarter results and guidance missed expectations, Deutsche Bank lowered their price target for Marvell Technology Group, Ltd. However, the firm keeps a Buy rating on the name, citing the company’s potential to gain market share in Storage and Networking.
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Avago Technologies Limited (NASDAQ:AVGO): Following the company’s July quarter results, Jefferies recommends using the weakness in shares of Avago Technologies Limited as a buying opportunity. The firm still views Avago’s wireless product cycle as one of the best in the semi-conductor space and keeps a Buy rating on their stock with a $43 price target.
Gap Inc. (NYSE:GPS): Jefferies believes The Gap Inc.’s second quarter results show that the company’s fundamentals are improving and they expect to see strong results going forward. The firm says the Gap remains their top pick and views the valuation, at current levels, to be very compelling. Jefferies keeps a Buy rating on the name with a $45 price target.
Ryder System, Inc. (NYSE:R): After hosting meetings with management, FBR Capital believes Ryder is well positioned for a strong second half of their 2012 performance. FBR believes Ryder shares are positioned for meaningful outperformance and recommends buying the stock now. The firm keeps an Outperform rating on the name with a $55 price target.
Apple Inc. (NASDAQ:AAPL): After their channel checks indicated the iPad Mini is in production, Jefferies raised their price target for Apple shares. The firm believes that the iPad builds for the third quarter have been raised from 18 million to 25 million and for the fourth quarter from 22-25 million to around 30 million. Jefferies expects the iPhone 5 to be the biggest handset launch in history. An iTV is expected to launch in the fourth quarter, or early 2013. The firm reiterates a Buy rating on Apple with an increased price target for $900.
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