Timken Co. (NYSE:TKR): According to William Blair, it is in favor of the proposed breakup of Timken by Relational Investors and California State Teachers’ Retirement System, but the firm believes that this is poor timing for a spin-off of the steel group. The firm believes that it is possible that the value could be unlocked from allowing Timken’s businesses to operate independently, but it does not believe that, with the assessment, the combined entity is worth $65 per share. Also, William Blair believes that Timken’s announcement about not separating its businesses will take the separation off the table in the near-term. The firm keeps its Market Perform rating on the stock.
Teradata Corporation (NYSE:TDC) share sell-off yesterday after Amazon (NASDAQ:AMZN) introduced Redshift,which is a cloud based data warehouse, is seen by Lazard Capital as an overreaction. The firm stated that it is still a buyer of Teradata considering its deep data integration expertise, and the firm maintains its Buy rating on the stock.
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Meridian Bioscience Inc. (NASDAQ:VIVO): Cowen has stated that the company’s concerns about competitive pressures is not new, and they have already been reflected in guidance and estimates. The firm still believes that Meridian is in the ideal position for 2013, and it keeps its Outperform rating on the stock.
Microsoft Corporation (NASDAQ:MSFT): Jefferies has slightly reduced its FY13 and FY14 estimates for Microsoft as a way to reflect lower selling price assumptions, and the firm lowered its price target for shares to $31. The firm is convinced that Windows 8 continues to be a work in progress and that the company’s tablet success still has not been proven. Jefferies continues to give the stock a Hold rating.
Juniper Networks, Inc. (NYSE:JNPR) is predicted by Cantor to see benefits from solid IT spending next year, along with higher than expected expense reductions and favorable carrier capital spending. The firm keeps its Buy rating and a $21 price target on the stock.
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