CVS ON TRACK to Exceed Expectations and 4 Stock Analyses Making Waves
International Business Machines Corp. (NYSE:IBM): After IBM reported higher than expected gross margins, it is Argus’s belief that the company can sustain pricing in any economic environment. The firm thinks that the company is generating strong cash flow, and it reiterates a Buy rating on their stock.
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Nokia Corporation (NYSE:NOK): Even though Nokia reported a higher than expected second quarter revenue, MKM Partners believes that the company’s results are likely to deteriorate in the third quarter. The firm sees Windows Phone 8, as an uncertain catalyst for Nokia. They maintain a Sell rating on the stock.
EQT Corporation (NYSE:EQT): Deutsche Bank has removed EQT Corporation from the short-term buy list.
Apache Corp. (NYSE:APA): Deutsche Bank has removed Apache Corp. from the short-term buy list.
CVS Caremark Corporation (NYSE:CVS): Lazard Capital believes CVS Caremark’s (NYSE:CVS) weakness, relating to Walgreens (NYSE:WAG) and Express Scripts (NASDAQ:ESRX), is an overreaction. The firm thinks that CVS is on track to meet or beat 2013 expectations. They view this weakness as a buying opportunity. Shares are Buy rated with a $53 price target.
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