Corning Faces Weak Demand and 4 Stock Analyses to Follow
Digital Realty Trust Inc. (NYSE:DLR): Jefferies upgraded their data center sector allocation from Market Weight to Overweight and reiterated Buy rating on Digital Realty Trust Inc. The firm sees an upside to their 2013 consensus estimates after their channel checks indicated leasing velocity picked up in the fourth quarter.
Hershey Co. (NYSE:HSY): Due to strong consumer trends and increased gross margin expansion visibility, Credit Suisse raised Hershey Co.’s price target to $82. Shares are Outperform rated.
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VMware, Inc. (NYSE:VMW): Morgan Stanley’s annual virtualization survey indicates an increased interest in VMware, Inc.’s Cloud Suite and desktop virtualization and suggests stronger than expected customer retention.
Urban Outfitters Inc. (NASDAQ:URBN): After Urban Outfitters Inc. reported a higher than expected quarter to date comp sales, Oppenheimer believes that their fourth quarter comps “appear quite beatable.” The firm believes that the company’s margins continue to rebound and they reiterate a $45 price target and Outperform rating.
Corning Inc. (NYSE:GLW): Morgan Stanley’s survey indicates that the United States television market will remain sluggish and that LCD TV retail sales will not improve for several years. The firm continues to believe that Corning Inc. faces significant headwinds given weak LCD glass demand. They reiterate its Underweight rating.
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