Mattress Firm DEFLATES Due to Slowdown and 3 Stock Analyses With New Price Targets
TripAdvisor, Inc. (NASDAQ:TRIP) saw its price target reduced by RBC Capital after the firm posted lower than anticipated second quarter revenue, but its Outperform rating on the shares remains.
Don’t Miss: Apple GAINING on Google Here.
Mattress Firm Holding Corporation’s (NASDAQ:MFRM) management was able to convince Piper Jaffray that investor worries regarding a slump in sales, price deflation in mattresses, and new rivalry are all overblown. The analyst now believes that the company’s sales are back on track after a slowdown in June and maintains its Overweight along with a $44 price target.
Apple Inc. (NASDAQ:AAPL) posted disappointing third quarter results, and JMP Securities warns that this year’s miss appeared earlier in the year than did 2011’s shortfall, is being accompanied by outsized margin compression and overseas declines, and arises before far stiffer competitive pressures. The analyst remains in the expectation that Apple’s 2013 earnings will miss projections and it reiterates a Market Perform. However, BMO Capital points out that iPhone shipments during the June quarter were much lower than was anticipated, but it expects the stock to increase in value in 2012, reinforced by new product intros, and it keeps an Outperform rating on the shares.
ACE Limited (NYSE:ACE) has the potential to take market share from its European rivals, says JMP Securities, which believes that worries over the firm’s exposure on The Continent are overdone. JMP reiterates an $83 price target and its Outperform.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.