Newfield Exploration Drops Final Shoe and 4 Stock Analyses Making Rounds
Diodes Incorporated (NASDAQ:DIOD) acquisition of BCD Semiconductor (NASDAQ:BCDS) is viewed “quite positively” by Benchmark Co., as the firm continues to be convinced that the deal may immediately add 20c to Diodes’ EPS as it adds exposure to front-end manufacturing capabilities along with additional analog products. The firm has decided to keep its Buy rating on the stock.
Michael Kors Holdings (NYSE:KORS) estimates and price target have been reduced by Citigroup following channel checks that show the proportion of sales in retail stores either has grown or remained the same from its checks during November’s second half. On the other hand, Citi decided to keep its Buy rating on the stock.
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Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has reported that the majority of its product revenue in its September quarter was generated from a privately held company in which it has a 31 percent stake. Cantor continues to be convinced that Ascent’s products were not well-received by the market. The firm keeps its Sell rating on the stock.
Newfield Exploration Co. (NYSE:NFX): According to FBR Capital, Newfield Exploration’s lower than expected 2013 international volume outlook is the “final shoe to drop.” After FBR met with management, it believes that Newfield’s operational progress continues to be strong. The firm views the stock as being undervalued, and it keeps its Outperform rating and a $38 price target on the stock.
Duke Energy Corporation (NYSE:DUK): Bernstein has claimed that the IURC Edwardsport settlement decision is a significant positive for Duke due to the diminishing of uncertainty about the total cost of the project.
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