Facebook Reiterated at Overweight and 2 Stock Analyses on the Move
Hertz Global Holdings, Inc. (NYSE:HTZ) consensus estimates for 2013 and 2014 are predicted by Wells Fargo to increase. The firm believes that there is a number of upcoming catalysts for the stock, and it recommends purchasing the shares.
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Facebook, Inc. (NASDAQ:FB) is believed by Piper Jaffray to have a significant opportunity regarding commerce, and the firm believes that the contributions could possibly begin during 2013. Piper believes that it will fully launch of the “want” button next year, which it believes will assist in starting Facebook’s monetization efforts in commerce. The firm keeps its Overweight rating and a $38 price target on the stock.
McMoRan Exploration Co. (NYSE:MMR): According to Susquehanna, it would use the sell-off in McMoRan as a buying opportunity, and the stock has a Positive rating. The firm stated that proved reserves are worth $0 but discoveries support its $18 price target.
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