Equity Insights May 25th: Royal Bank of Canada, Leap, Teva, NVIDIA, Arch Coal
Royal Bank of Canada (NYSE:RY): Royal Bank of Canada removed from Focus List at Canaccord
Leap Wireless International Inc. (NASDAQ:LEAP): Jefferies believes Leap’s market opportunity and growth potential may be limited as the major carriers increasingly focus on the pre-paid market to drive growth. The firm lowered its price target for Leap shares to $6 from $10 and maintains a Hold rating on the stock.
Teva Pharmaceutical Industries Limited (NASDAQ:TEVA): UBS lowered Teva’s price target following the company’s lowered guidance. The firm continues to rate shares a Buy and sees value at current prices.
NVIDIA Corporation (NASDAQ:NVDA): Nomura believes NVIDIA’s (NASDAQ:NVDA) Kepler GPU is a “game changer” and that the company will gain share from AMD (NYSE:AMD) driven by shares gains at Apple (NASDAQ:AAPL) and in the channel. The firm views NVIDIA’s mobile strategy as compelling and believes the company could look to acquire IP in basebands. Shares are Buy rated with a $18 price target.
Arch Coal Inc. (NYSE:ACI): Credit Suisse remains cautious on the thermal coal markets and sees limited near-term catalysts for Arch Coal. Shares are Neutral rated.
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