McMoRan Price Target RAISED and 4 Stock Insights You NEED To Know
Seagate Technology. (NASDAQ:STX): Estimates for a number of enterprise hardware and imaging companies were reduces by BMO Capital as a result of demand and foreign exchange weakness. The firm dropped price targets and estimates for IBM (NYSE:IBM), EMC (NYSE:EMC) from $31 to $30, VMWare (NYSE:VMW) from $110 to $105, Seagate (NASDAQ:STX) from $34 to $30, Western Digital (NYSE:WDC) from $40 to $30, Emulex (NYSE:ELX) from $11.50 to $9, and QLogic (NASDAQ:QLGC) from $16 to $15. Although it predicts that the company will report in-line EPS, BMO believes IBM’s June revenue will miss consensus. The firm keeps Outperform ratings on EMC, and Market Perform ratings on IBM, QLogic, Emulex, VMWare, Seagate, and Western Digital.
IntercontinentalExchange, Inc. (NYSE:ICE): Following the company reported June and Q2 metrics, Wells Fargo views its futures volumes in June as relatively strong. The firm maintains an Outperform rating and a $155-$165 valuation range on the stock.
Ingersoll-Rand Plc (NYSE:IR): Following checks, Wells Fargo predicts that positive U.S. HVAC demand could allow Ingersoll Rand to beat the consensus EPS estimate for Q2 as well as maintaining at least its guidance for 2012. The firm keeps an Outperform rating on shares.
McMoRan Exploration Co. (NYSE:MMR) price target was increased by Susquehanna due to future production at Davy Jones #1 as well as possible upcoming discoveries. Shares have a positive rating.
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