Cree Expectations DEEMED Too High and 4 Stock Analyses to Notice Mid-Week
SemiLEDs Corporation (NASDAQ:LEDS): Sterne Agee expects SemiLEDs to boost their margins by reducing costs and increasing volume, as there is a recovery of end marker demands.
Cree Inc. (NASDAQ:CREE): Wunderlich believes consensus expectations for Cree (NASDAQ:CREE), particularly for gross profit margin, are too high and reiterates a Sell rating on the stock. The firm viewed yesterday’s report, on third quarter earnings for SemiLEDS(NASDAQ:LEDS), to be a warning sign, and noted that the company saw double-digit declines in pricing for LED chips.
Coinstar Inc. (NASDAQ:CSTR): Pacific Crest expects Coinstar’s second quarter results to be boosted by solid titles and effective execution. The firm expects the company’s guidance to be at least in-line with street estimates, and it recommends owning the shares.
Oracle Corp. (NASDAQ:ORCL): After meeting with Oracle’s management, Stifel Nicolaus believes that the company is poised to accelerate their revenue growth in the coming quarters, this is due to new products and improved distribution. They think that long-term demand for their goods are intact, and they maintain a $34 target and Buy rating on their shares.
Centene Corp. (NYSE:CNC): Following Wellpoint’s (NYSE:WLP) acquisition of Amerigroup (NYSE:AGP), Goldman expects to see further consolidation in the Managed Care industry. It is believed that larger diversified companies will broaden their exposure to managed care growth in the public sector. The M & A probability rankings have been increased for Centene (NYSE:CNC) from 2 to 1, and the following companies continue to rank at 1; WellCare (NYSE:WCG), Health Net (NYSE:HNT), and Universal American (NYSE:UAM), while Coventry Health (NYSE:CVH) and Humana (NYSE:HUM) rank at 2. Goldman also raised price targets on Coventry from $35 to $36, WellCare from $76 to $77, Centene from $32 to $39, Mohlina from $25 to $29, UnitedHealth from $60 to $61, and Universal American from $11 to $12 .
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