Boeing Bags OUTPERFORM Rating and 4 Buzzworthy Stocks
Smithfield Foods Inc. (NYSE:SFD) shares are recommended by CLSA for buying after its weak fourth quarter post, as observers predict improvement in margins for fresh pork, and also believe that April to June is a bottom, with Hog Production and Packaged Meats bringing a potential fiscal year 2013 turnaround. Shares have a price target of $31, and are currently rated Buy.
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Potash Corp. of Saskatchewan, Inc. (NYSE:POT) has its Sell rating continued by Dahlman Rose, as the analyst notes the slow movement in the potash market in North America. In addition, Dahman is dubious regarding fertilizer prices into the summer, given the large corn crop in the United States.
Boeing Company’s (NYSE:BA) long-term cash flow outlook is thought to be a plus at Bernstein, which maintains its Outperform rating on the shares. Further, worries that Boeing’s deliveries might be impacted by the economy are unfounded, says the analyst, even though it admits that earnings estimates might get decreased, at the same time.
Starbucks Corp. (NASDAQ:SBUX) shares might be range-bound in the near term, says UBS, due to the current recession in Europe, a modest deceleration in U.S. same-store growth, and a drop in coffee prices that has come a bit late. However, UBS still thinks that SBUX shares are undervalued in the long term and maintains its Buy, with a price target of $61.
CryoLife Inc.’s. (NYSE:CRY) resolution with Medafor and CardioFocus improves the firm’s visibility, while at the same time being accretive in the second half of 2012, says Benchmark Co., which comments that it is unaware of further significant legal issues, and reiterates its Buy rating.
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