Google Predicted to REPORT Q2 Growth and 4 Stock Analyses To Notice Now
AutoZone Inc. (NYSE:AZO): Citigroup’s conversations with do-it-yourself industry contacts indicate that, after a tough June, manufacturing sales have picked up. Citi thinks AutoZone is best positioned to benefit from improving trends as they are the best in class do-it-yourself operation. The company reiterates a Buy rating on the stock with a $433 price target.
KLA-Tencor Corporation (NASDAQ:KLAC): Expecting foundry orders to rebound in the second half of 2012, Citigroup added KLA-Tencor to its Top Picks Live list. The firm has a Buy rating on shares with a $66 price target.
Lam Research Corporation (NASDAQ:LRCX): Expecting foundry orders to rebound sooner than NAND orders,Citigroup removed Lam Research (NASDAQ:LRCX) from its Top Picks Live list, in favor of KLA-Tencor (NASDAQ:KLAC). Citi, however, keeps a Buy rating on shares of Lam Research with a $61 price target.
Google Inc. (NASDAQ:GOOG): Benchmark Co. believes that Google is likely to report a second quarter net revenue growth of 19%-20%. This is below the consensus of 22% which is due to slowing search spending and search volume growth. The firm maintains a Hold rating on Google shares ahead of the company’s second quarter results.
National CineMedia, Inc. (NASDAQ:NCMI): After Media Post reported that Samsung is spending $20M to promote their release of its Galaxy S III phone, Citigroup believes that this deal is worth at least $18M to $27M in revenue and is confident that National CineMedia will be able to meet guidance. Citi keeps a Buy rating on shares of National CineMedia.
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