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Baidu, Inc. (NASDAQ:BIDU): According to ThinkEquity, investors have been overestimating the impact of Qihoo’s (QIHOO) search engine on Baidu (NASDAQ:BIDU). The firm does not think that Baidu will lose all the revenue from query traffic controlled by Qihoo, and it keeps a $180 target and a Buy rating on Baidu.
Autodesk, Inc. (NASDAQ:ADSK): According to Baird, they would be buyers of Autodesk on today’s expected weakness fter its Q2 shortfall. The firm thinks that 70 percent of the shortfall is because of execution issues which can be corrected. Also, Baird indicated a weakness in several areas including Brazil, India, and Central Europe which accounted for 25 percent of revenues. Shares keep an Outperform rating but its price target was reduced to $34 from $40.
Vera Bradley, Inc. (NASDAQ:VRA): According to Piper Jaffray, Vera Bradley could report stronger than results next week than expected due to a solid initial fall delivery. The firm possesses an upbeat view on the stock and it keeps its Overweight rating.
Endo Pharmaceuticals Holdings Inc. (NASDAQ:ENDP): Following Watson’s (NYSE:WPI) announcement that the FDA had approved its generic version of Endo’s Lidoderm, Piper Jaffray believes that Endo may receive royalties from Watson for an extended period of time. The firm continues to think that Endo could reach a settlement with Mylan (NASDAQ:MYL) over Lidoderm, and it keeps its Overweight rating and a $45 target on the stock.
Zumiez, Inc. (NASDAQ:ZUMZ) CFO resigned, causing Oppenheimer to think the CFO’s departure does not reflects current business trends or longer term fundamental issues. The firm thinks that the company’s outlook and trends will continue to be strong, and it keeps its Outperform rating on the stock.
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