JPMorgan PUNCHES Q2 Expectations and 4 HOT Stock Stories
JPMorgan Chase & Co. (NYSE:JPM) Q2 EPS has exceeded expectations causing Oppenheimer to believe that the CIO position of the company will probably not affect future results. The firm views the stock as attractive currently and keeps its Outperform rating.
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Mattel Inc. (NASDAQ:MAT): Because of foreign exchange, entertainment shipment timing, and U.S. destocking, UBS believes there are risks to its below Street estimate of 19c for Q2. The firm sees meaningful 2H 2012 margin expansion for Mattel, and sees a buying opportunity created by the impact of short-term issues. Shares have a Buy rating with a $36 price target.
Belden, Inc.’s (NYSE:BDC) target has been lowered due to the copper price decline during Q2. The firm does believe the company’s margin will increase causing it to keep its Buy rating on the stock.
InterOil Corporation (NYSE:IOC): According to Raymond James, PNG’s general election allows InterOil to complete a new partnership announcement. Shares have an Outperform rating.
Coleman Cable, Inc.’s (NASDAQ:CCIX) target has been lowered due to the recent copper price decline. Although the firm has reduced estimated, it keeps its Outperform rating on the stock due to valuation.
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