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Carpenter Technology Corp. (NYSE:CRS) is expected by Sterne Agee to keep reporting stronger than expected results and to decouple from the basic materials group. The firm believes that Street estimates for the company are low, and it keeps a Buy rating and a $75 target on the stock.
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Apple Inc. (NASDAQ:AAPL) price target has been increased by Bank of America Merrill Lynch to $770 from $720 after its positive legal win against Samsung. The firm believes there will be a limited near-term impact on its iPhone forecasts as Samsung’s Galaxy S III is not part of the case, but the ruling is viewed as a positive for investor sentiment. Shares have a Buy rating.
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