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Focus Media Holding Ltd. (NASDAQ:FMCN): Following talks with the company’s management, Deutsche Bank thinks the variable interest entity, VIE, structure could have a minor impact on Focus Media’s net revenue and net profit. The firm states that Focus Media shares declined yesterday as a reaction to the SEC investigation of New Oriental’s (NYSE:EDU) ownership structure via a variable interest entity. The firm keeps a Buy rating and a $37.39 price target on the stock.
Under Armour, Inc. (NYSE:UA) is believed by Canaccord to be in the best position heading into Q2 earnings because of new product introductions, price increases, and distribution channels. The firm recommends staying out of Deckers (NASDAQ:DECK) due to international segment challenges and Columbia Sportswear (NASDAQ:COLM) because of its limited near-term visibility.
Harman International Industries Inc. (NYSE:HAR) was added to JPMorgan’s U.S. Equity Analyst Focus List following the initiation of stock coverage with an Overweight rating and $60 price target on the stock. The firm names Harman is its leader in Auto Parts.
Nanometrics Incorporated’s (NASDAQ:NANO) September quarter will be negatively impacted by project delays, predicts Stifel Nicolaus after Intel (NASDAQ:INTC) reported results. The firm is still positive about Nanometric’s 2013 outlook, and it keeps its Buy rating on the stock.
Lam Research Corporation (NASDAQ:LRCX) estimates were reduced by Credit Suisse to reflect overall capex trends after SEMICON. The firm thinks shares discount weakness and keeps it Outperform rating on the stock.
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