Equity Insights April 11th: Google, Las Vegas Sands, Alcoa, SUPERVALU, Express Scripts
Google Inc. (NASDAQ:GOOG): Piper Jaffray expects Google to report slight upside to the Q1 consensus estimates and views the shares positively at current levels. However, Piper believes questions around the Motorola acquisition may begin to resurface. The firm keeps an Overweight rating on the stock with a $675 price target.
Las Vegas Sands Corp. (NYSE:LVS): After Macau reported higher than expected Q1 gaming revenue, BMO Capital raised its estimates for Las Vegas Sands, as the firm now thinks that the company’s 2012 market gaming revenues could surpass consensus expectations. The firm maintains an Outperform rating on the stock.
Alcoa, Inc. (NYSE:AA): JPMorgan raised its price target for Alcoa and reiterates an Overweight rating on the stock following the company’s better than expected Q1 results.
SUPERVALU Inc. (NYSE:SVU): JPMorgan believes shares of SuperValu remain undervalued following the company’s better than expected results yesterday and corresponding rally. The firm believes management addressed many investor concerns and reiterates an Overweight rating on the name.
Express Scripts Inc. (NASDAQ:ESRX): UBS believes both Express Scripts (NASDAQ:ESRX) and Walgreen (NYSE:WAG) are motivated to resolve the dispute over the next two months before the heart of the PBM selling season begins. The analyst believes a settlement would add approximately 22c per share in EPS to Express Scripts and 18c for Walgreen.
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