Competition SPELLS Trouble for Dell, HP and 4 Fresh Analyst Insights

Dell Inc. (NASDAQ:DELL) along with Hewlett-Packard (NYSE:HPQ) were downgraded from Hold by Jefferies after checks suggested a weakening PC demand over last month, tablet competition from Microsoft possibly confusing end users, possible Windows 8 tablets and Huawei notebooks, and lack of a Windows 8 upside. Dells price target was lowered from $15 to $13, and Hewlett-Packard’s was lowered from $23 to $21.

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Arena Pharmaceuticals (NASDAQ:ARNA): BMO states,  ”We are reducing our rating on ARNA to MARKET PERFORM from OUTPERFORM , but maintaining our $10 price target. With ARNA shares trading at our target price we believe the stock is fully valued and pricing in timely approval, absence of REMS and low burden of monitoring. Upside potential to our $1.6B global peak sales estimate in 2020 and to our 2017 US sales estimate of $550M is difficult to ascertain, in advance of approval, labeling review and early-market trends, but we would highlight incremental $0.14 EPS for every $100M in incremental sales in our 2017 valuation year. Downside risk to nonapproval is low, in our opinion; however, with 17 of 23 panel members recommending regular monitoring for valvulopathy and with 9 of 23 specifically recommending a REMS or regular ECHO monitoring, downside risk to estimates could emerge.”

Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) had its price target increased by Deutsche Bank due to the company’s earlier-than-expected Kyprolis launch, the proprietary survey of the firm, and the possibility of company bids for the acquisition of Onyx after the approval of Kyprolis. The firm keeps a Buy rating on shares.

Wendy’s/Arby’s Group, Inc. (NYSE:WEN) was removed from Deutsche Bank’s short-term sell list.

Exelon Corp. (NYSE:EXC) was removed from Deutsche Banks short-term sell list.

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