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Applied Materials Inc. (NASDAQ:AMAT) saw its price target lowered by Argus, following the firm’s reduction of its guidance, a move to which it attributes industry-wide negative factors. Further, AMAT predicts that any lessening in semiconductor demand should last for only a short term . Argus keeps its Buy rating on Applied Materials.
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Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) is expected by Rodman & Renshaw to disclose data from a Phase I trial of its investigational treatment for familial amyloidotic polyneuropathy prior to August. The analysts believe that the data release will be a shot in the arm for shares, and restates its Outperform and $19 price target on Alnylam.
MBIA Inc. (NYSE:MBI) reported that New York had not yet okayed a scheduled interest payment on the firm’s surplus notes, but subsequently MKM Partners commented that the company will neither go bankrupt nor become insolvent if it’s unable to make the payment. In actuality missing the payment would only strengthen the position of policy holders at the expense of surplus note holders. MKM keeps an $18 target and Buy on MBIA.
SanDisk Corp. (NASDAQ:SNDK) and Micron (NASDAQ:MU) conjure up visions of risk to JPMorgan, which now believes that NAND revenue will shrink by 4 percent in 2012 and by 12 percent in 2013, which are well under its previous estimates. The firm remains cautious on the two, however.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) was mentioned positively by Piper Jaffray.
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