NEW Stock Insights: Cray Sports a BUY Rating and 4 Companies Analysts are Rating Now
Grand Canyon Education, Inc. (NASDAQ:LOPE): According to Piper Jaffray, a new campus location and strong momentum could be the drivers for upside in the shares – it maintains ‘Overweight” on the stock and improves the price target from $23 to $26.
PACCAR Inc. (NASDAQ:PCAR): According to Barclays, Class 8 truck orders, (Class 8: Trucks or tractor-trailers with a manufacturer’s listed gross vehicle weight of 33,000 pounds or more), are likely to slow to below 26,500 per month due to recently observed weakness in their market and seasonal factors. Economic uncertainties could also result in slower 2013 growth Y-O-Y. As a result the firm has trimmed its price estimates on truck and trucking system manufacturers such as PACCAR Inc., Cummins (NYSE:CMI), Eaton (NYSE:ETN), and Allison Transmission (ALSN), though valuations may still be reasonable.
Celgene Corporation (NASDAQ:CELG): Wells Fargo maintains its overweight rating on the stock after meeting with the management. The firm believes Celgene could see a price rally due to the E.U’s label decision on Revlimid, and that the drug, used to treat anemia (a lack of red blood cells in the body) and multiple myeloma, could see excellent growth in Q2.
Cray Inc. (NASDAQ:CRAY): Needham confidently maintains a BUY rating on the stock and raises its PT to $14 from $12, saying the high- and super computing markets remain strong and the company could likely achieve its recently enhanced 2012 guidance.
Zynga (NASDAQ:ZNGA): According to Barclay’s view, the recent fall in the stock has removed some of its risk. However it maintains an Equal Weight rating with a PT of $8 given the overhangs of stronger competition, expiration of lock up terms and the likelihood of earnings misses on Street estimates.
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