Hormel Sell-Off Viewed As Buying Opportunity and 4 Stock Analyses Buzzing Today
Wabash National Corp. (NYSE:WNC): According to FBR Capital, last night, ACT Research’s October 2012 Trailer Flash Report was stronger than predicted, and total van net orders saw a 55 percent improvement year over year. The firm keeps an Outperform rating and a $12 price target on the stock.
Hormel Foods Corp. (NYSE:HRL) sell-off is viewed by Stephens as a buying opportunity after the earnings miss since it believes that hog production profits will become better with the grain costs cycling through in 2H 2013. The shares have an Overweight rating and a $34 price target.
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Dish Network Corp. (NASDAQ:DISH) has suggested displeasure regarding the FCC’s possible restrictions regarding its uplink spectrum, and Wells Fargo believes that the FCC’s rules will be in-line with the Wall Street Journal’s reports regarding the issue. Furthermore, the firm believes that the rules will lower the company’s spectrum value by a mere $1 per share, and it keeps its Outperform rating on the stock.
Impax Laboratories Inc. (NASDAQ:IPXL) is expected to collaborate with Perrigo (NASDAQ:PRGO) concerning the development, manufacturing, and commercialization of an ongoing topical generic drug produc, the first to market potential. The product and terms of the agreement have not been revealed.
Corning Inc. (NYSE:GLW): Morgan Stanley has claimed that Corning sells its LCD glass in Yen, raising the company’s earnings risk considering the Bank of Japan’s aggressive easing stance. The firm gives the stock an Underweight rating.