Markel Acquisition Seen as Good Fit and 4 Stock Analyses to Consider
Markel Corp. (NYSE:MKL) agreed to purchase Alterra (NASDAQ:ALTE), and RBC Capital believes that the acquisition is a good fit for Markel. The firm also continues to view Markel’s stock as attractive, as it reiterates its Outperform rating.
Francesca’s Holdings Corp (NASDAQ:FRAN) valuation is viewed by Jefferies as being attractive currently, and the company said that it’s a buyer of the stock. The firm has decided to keep its Buy rating and a $40 price target on the stock.
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Google Inc. (NASDAQ:GOOG): Jefferies continues to believe that the $2.35 billion that Google gained for the Motorola Home business was higher than expectations. Furthermore, the firm has claimed that Motorola Home is a defendant in the continuing DVR patent infringement case agains TiVo (NASDAQ:TIVO). Jefferies also states that the sale by Google shifted some of the lawsuit risk to Arris (NASDAQ:ARRS), which is seen as an incremental positive for Google. The firm has decided to keep its Buy rating and $850 price target on the stock.
Johnson Controls Inc. (NYSE:JCI) gave higher FY13 EPS guidance than predicted, influencing JMP Securities to think that the guidance is reasonable. Also, the firm believes that the stock is “relatively inexpensive,” and it keeps its Outperform rating on the stock.
Navistar International Corp. (NYSE:NAV): According to Barrington, Navistar’s Q4 orders dropped to their lowest since 2009. Also, the firm claims that there is a bit too much optimism, and it recommends avoiding the Navistar story. Barrington reiterates its Market Perform rating on the stock.