CVS Expected to Raise Dividend and 4 Stock Analyses to Follow
American International Group, Inc. (NYSE:AIG): Sterne Agee wrote that The Insurance Insider, an industry publication, is reporting that American International Group, Inc. will report losses from Sandy of $1.5 billion or less of. As a result, AIG has reportedly notified their re-insurers that they do not expect to file a claim since the company has a $2 billion single storm deductible with them. The firm maintains a $40 price target and Buy rating on their shares.
Citrix Systems, Inc. (NASDAQ:CTXS) purchased the mobile device management company Zenprise and Wells Fargo believes that it is a great strategic fit. The firm thinks the deal leaves Citrix poised to enable the consumerization of IT resources in a secure and compliant manner. Wells views Citrix as undervalued and maintains an Outperform rating on their shares.
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CVS Caremark Corporation (NYSE:CVS): Argus expects CVS Caremark Corporation to raise their dividend of 15% at their December 13 analyst meeting. The firm believes that the meeting could move the shares and they maintain a Buy rating on their stock.
Weatherford International Ltd. (NYSE:WFT): Barclays said that Weatherford International Ltd.’s management indicated their audited finances will be ready in a few days, not weeks. The firm said the filings will be a positive catalyst and a larger portion of the investment community will be able to purchase shares that they could not acquire without the audited financials. Shares are Overweight rated with an $18 price target.
Fluor Corporation (NYSE:FLR): Sterne Agee suspects that Fluor Corporation has the inside track on the Tappan Zee Bridge project. The firm believes that the deal could add $800 million-$1 billion to Fluor’s backlog and they recommend buying the stock.
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