New Equity INSIGHTS: Edison International and 4 Stocks with New Data
Edison International (NYSE:EIX): The shares, currently on an Outperform rating, are likely to benefit from CEO Ted Craver’s remarks at Bernstein’s Strategic Decision Conference that he would like to see the company’s dividend payout ratio improve from 39 percent currently to 45 – 55 percent in due course of time.
Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX): According to Leerink, several hospitals may migrate out from the company’s Sunrise platform to other vendors during 2012 and 2013, and bookings with Allscripts may therefore deteriorate. The firm maintains a Market Perform rating on the stock.
Quality Systems Inc. (NASDAQ:QSII): JPMorgan feels the market is unfairly pricing a FY13 guidance cut by the company which may not occur. The meeting with the company’s management gives JPMorgan the confidence to recommend a BUY on the stock and maintain an overweight rating.
Quanta Services, Inc. (NYSE:PWR): According to Piper Jaffray, the smart grid space may be ripe for a lot of M&A action and companies such as Quanta Services (NYSE:PWR), Echelon (NASDAQ:ELON) and EnerNOC (NASDAQ:ENOC) could be likely targets for takeover bids in the light of Elster’s (NYSE:ELT) talks with Melrose to be bought for $20.50 per share. Though the bid is somewhat below current multiples, it matches up with Piper’s $21 price objective for Elster, and therefore justifies the Overweight rating on its shares.
Liquidity Services, Inc. (NASDAQ:LQDT): Oppenheimer improved estimates and reaffirmed its Outperform rating on the company’s shares given a view that its Government Scrap Sales are likely to better even the upper end of its guidance.
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