MYR BOOSTED By Smaller Projects and 4 Trending Stock Analyses
Monster Beverage Corp. (NASDAQ:MNST): CLSA reduced Monster estimates due to IRI data of late and slowing sales growth forecasts. Shares are Underperform rated. Additionally, Goldman believes weakness of late in Monster shares brings a buying opportunity prior to Q2 results, and does not view a meaningful deceleration in the business and points to speeding up sales growth through June/July. Goldman rates shares at Buy with a price target of $82.
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Zynga, Inc. (NASDAQ:ZNGA) share price target has been reduced by Lazard Capital, but the firm reiterates a Buy rating on the name. Lazard thinks Zynga will turn in in-line Q2 results and holds to its outlook for 2012, which it thinks may be positive for the shares.
DeVry, Inc. (NYSE:DV): Stifel Nicolaus reduced its target on DeVry following the company’s preannouncement of weaker than hoped Q4 EPS. But the firm does believe that DeVry is well-positioned in the coming intermediate to longer term and holds to a Buy rating on the stock.
MYR Group, Inc.‘s (NASDAQ:MYRG) Q2 results will be aided by a rise in smaller project revenue and higher margins fueled by a higher equipment utilization rate, Stifel Nicolaus forecasts. Stifel Nicolaus reiterates a Buy rating on the stock.
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