JPMorgan is CHEAP and 4 Fresh Stock Analyses You Need to Know
Capital One Financial Corp. (NYSE:COF): According to Jefferies, the interchange settlement between Visa (NYSE:V), Mastercard (NYSE:MA) and a class of merchant litigants was not as intense as expected, which is positive for Capital One. Jefferies also thinks that the credit interchange cut is nearly one-fourth as severe as the market expected, which it views as lifting a near-term overhang on the shares. The firm maintains a Buy rating and a $72 price target on the stock.
JDS Uniphase Corporation (NASDAQ:JDSU) estimates have been reduced by Jefferies following channel checks which indicated an ongoing Wireline capex environment challenge, but the firm views the near-term risk/reward as positive. Because the firm thinks that JDSU’s results are not correlated with Adtran (NASDAQ:ADTN) and Finisar’s (NASDAQ:FNSR) poor guidance, it maintains a Buy rating but drops the price target from $15 to $13 on the stock.
JPMorgan Chase & Co. (NYSE:JPM) shares are cheap considering it can take share and return capital over the next year, according to Morgan Stanley. The shares have an Overweight rating and a $54 price target.
F5 Networks, Inc. (NASDAQ:FFIV) estimates were reduced by Morgan Stanley due to weakening 1H spending, and the firm continues to be cautious into the report because of the macro environment. Shares have an Overweight rating.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) Q2 EPS should be well below the consensus estimate and will continue to decline because of lower prices for copper, gold, and moly, according to RBC Capital expectations. The firm still keeps an Outperform rating and a $45 price target n the stock.
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