BofA Says Buy Apple and 4 Stock Analyses Buzzing Tuesday

Cirrus Logic Inc. (NASDAQ:CRUS) estimates have been increased by Needham due to expectations for content gains at the expense of Audience in the iPhone 5. The firm maintains its Buy rating and increased its price target to $53 on the stock.

Apple Inc. (NASDAQ:AAPL) estimates have been increased by Bank of America Merrill Lynch due to the faster than expected global launch of the iPhone 5 and demand. Shares have been given a Buy rating.

Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) target has been raised by Oppenheimer since it is practically positive that the company will see benefits from Medicaid reimbursement changes by the beginning of 2013. Oppenheimer believes that the stock will lose some of its volatility as investors gain comfort with the risks facing the company, and it predicts that the company’s lowered volatility will make the stock more attractive to investors. Oppenheimer keeps its Outperform rating on the stock.

Boeing Co. (NYSE:BA): After it spoke with GE (NYSE:GE) engineers, Oppenheimer has reported that issues regarding GE-made engines of some Boeing (NYSE:BA) planes are able to be resolved by switching back to an old lubricant. The firm stated that it does not have any more concerns about the problem, and it reiterates its Outperform rating on the stock.

Anadarko Petroleum Corporation (NYSE:APC) shares are believed by UBS to be inexpensive, and it is believed that with the Tronox headline risk on hold until Q1 2013 shares have the ability outperform near-term. The firm keeps its Buy rating and a $105 price target on the stock.

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