Pandora’s Valuation Remains Compelling and 4 Stock Analyses Attracting Attention
Priceline.com Incorporated (NASDAQ:PCLN): Credit Suisse believes that valuation for Priceline.com Incorporated provides a buying opportunity and they have rolled out their price target to reflect 2013 estimates. Shares are Outperform rated.
Cliffs Natural Resources Inc. (NYSE:CLF): RBC Capital expects Cliffs Natural Resources Inc. to report third quarter earnings per share of 59c versus the consensus estimate of $1.11. Lower iron ore and coal prices are causing the weakness. Even with the weakness, the firm maintains a $45 target and Outperform rating on their stock.
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Pandora Media Inc (NYSE:P): SunTrust named Pandora Media Inc. a Top Pick to reflect compelling valuation ahead of expected strong third quarter mobile RPM results and the likely passing of the Internet Fairness Act, which would lower content costs. Shares are Buy rated with a $15 price target.
KLA-Tencor Corporation (NASDAQ:KLAC): Citigroup said that shares of KLA-Tencor Corporation should rebound strongly in the fourth quarter since TSMC’s (NYSE:TSM) October equipment bookings look to be on track to triple their September levels. Citi called buying KLA-Tencor at current levels their highest conviction idea among their Specialty Semiconductor coverage universe. The firm has a Buy rating on their stock with a $61 price target.
Cree Inc. (NASDAQ:CREE): Canaccord continues to recommend Cree Inc. as they expect gross margin expansion near and medium term, which should alleviate investor concerns about commoditization. Shares are Buy rated.