IAC 2013 Outlook Deemed Conservative and 3 Stock Analyses Making Headlines
IAC/InterActiveCorp. (NASDAQ:IACI): Benchmark Co. viewed InterActiveCorp.’s initial 2013 outlook as conservative and believes that the company reported strong third quarter results. They keep a Buy rating on their stock with a $59 price target.
Citrix Systems, Inc. (NASDAQ:CTXS): Following the company’s third quarter results, Citigroup lowered their price target for Citrix Systems, Inc. but said that they remain believers in the company’s market opportunity. The firm keeps a Buy rating on the name.
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Eli Lilly & Co. (NYSE:LLY): Credit Suisse recommends buying Eli Lilly & Co. due to their recent pullback, given pipeline catalysts and an attractive dividend yield. Shares are Outperform rated with a $59 price target.
St. Jude Medical Inc. (NYSE:STJ): After the Federal Drug Administration issued a Form 483 to a St. Jude Factory listing their 11 observations, RBC Capital indicated that the observations do not relate to the clinical field performance of the company’s devices. Nonetheless, the firm thinks that the negative headline may stymie excitement over the company’s Patent Foramen Ovule closure trial for stroke and they maintain a Sector Perform rating on their stock.
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