Marathon to Benefit After Refinery Purchase and 4 Stock Analyses Trending Today
Tyson Foods Inc. (NYSE:TSN) is expected by Credit Suisse to report a better than expected Q4, and the firm also believes that 2013 estimates will improve because of the near-term strength in chicken price along with indications of industry contraction. The firm believes that there is short-term trading opportunity into the report, but it has decided to reiterates its Neutral rating because of lack of 2013 visibility.
Marathon Petroleum Corporation (NYSE:MPC) agreed to purchase the BP (NYSE:BP) Texas City refinery for $2.5 billion, and Oppenheimer states that the acquisition will likely be immediately accretive. The firm increased its target on the stock as a means to reflect the possible financial benefits resulting from the transaction. The firm keeps its Outperform rating on the stock.
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Polycom, Inc. (NASDAQ:PLCM) made an announcement regarding new products, causing Stifel Nicolaus to think that the new offerings direct the company toward the path on which it could be able to be a software vendor and leave the company well-positioned for the following stage of video conferencing technology. The firm keeps its Buy rating and a $13 target on the stock.
Ford Motor Co. (NYSE:F): According to Morgan Stanley, Ford continues to be the most leverage name to a U.S. housing recovery and a European restructuring. The firm remains positive regarding Ford’s improved product offering, and it decided to increase its price target to $17 from $16. The firm keeps an Overweight rating on the stock, and the company remains a Top Pick in the group.
Riverbed Technology, Inc. (NASDAQ:RVBD) is predicted by ThinkEquity to have the ability to show strong Q4 guidance. The firm keeps a Buy rating but increased its price target to $26 from $24 on the stock.
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