Cabela’s Expects Q4 Boost and 3 Stock Analyses Spark Chatter
Cabela’s Inc. (NYSE:CAB): Wells Fargo anticipates that Cabela Inc.’s comps could advance in the fourth quarter to the mid to high single digits due to a post-election bounce in sales of firearms. The firm expects this bounce to extend through the first half of 2013 and they see several other longer term catalysts for the stock. They maintain an Outperform rating on the shares.
Fifth Third Bancorp (NASDAQ:FITB): Morgan Stanley stated that Fifth Third Bancorp, First Republic Bank (NYSE:FRC), KeyCorp (NYSE:KEY), Comerica (NYSE:CMA), and Huntington Bancshares (NASDAQ:HBAN) have limited downside and that weak fundamentals are more than reflected in shares.
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Cubist Pharmaceuticals Inc. (NASDAQ:CBST): Cowen believes the reason for the weakness in Cubist Pharmaceuticals Inc. is caused by concern and confusion over Hospira’s (NYSE:HSP) recent filing of a version of Cubicin. Cowen believes that this does not influence the company’s legal position in the patent infringement case and poses little risk to the Cubicin franchise. Shares remain Outperform rated.
WGL Holdings Inc. (NYSE:WGL): Following fourth quarter results, Brean Capital lowered their price target on WGL Holdings Inc. They noted disappointing guidance related to pension and post retirement benefits. Shares remain Buy rated.
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