Danaher Target Raised Following Investors Day and 4 Stock Analyses Attracting Attention
QUALCOMM Incorporated (NASDAQ:QCOM): After JMP conducted checks in China, it predicts that Qualcomm will see benefits due to the proliferation of higher end smartphones and tablets in China. Also, the firm believes that there are other positive catalysts for the company in the country, and it keeps its Outperform rating and a $75 price target on the stock.
VMware, Inc. (NYSE:VMW): FBR Capital has stated that its channel checks show that VMware’s Q4 deal activity has been tracking well with typical close rates although there are macroeconomic fears. The firm views VMware as being well positioned for solid top-line and cash flow growth as it heads into 2013, and it keeps its Outperform rating on the stock.
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Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) price target has been reduced by Oppenheimer after the company and its partner reported mixed Phase IIb results for its fostamatinib drug in rheumatoid arthritis. Now, the firm believes that there could be increased risk that the drug will not show competitive efficacy in Phase III trials, but it has decided to keep its Outperform rating on the stock.
Graphic Packaging Holding Company (NYSE:GPK): According to Baird, Graphic Packaging’s announced secondary stock offering and simultaneous stock buyback program are a net positive for the shares. Additionally, Baird noted the company’s improved liquidity and catalysts including M&A integration, geographic expansion, and better cash flow. The firm gives the stock an Outperform rating and a $7 price target.
Danaher Corp. (NYSE:DHR) price target has been increased by Baird after its Investors Day. The firm has stated that Q4 is tracking within expectations, and Danaher’s conservative guidance. The meeting highlighted the company’s high growth businesses along with its progression toward a global science and technology company. Shares have an Outperform rating.
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