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Kraft Foods Inc. (NYSE:KFT): Citigroup still believes that the separation of Kraft Foods will reveal significant value. Citi advises investors to not be distracted by the company’s 2013 guidance, and the firm views Friday’s pullback in shares as overdone. The firm keeps its Buy rating but increases its price target to $48 from $46 on the stock. According to Jefferies, Friday’s pullback in shares is a buying opportunity. The firm views Kraft’s long-term outlook as strong, and it reiterates its Buy rating on the stock.
Polaris Industries, Inc. (NYSE:PII): According to Citigroup, its dealer channel checks suggest that Polaris Industries’ retail sales growth in Q3 continues to be strong. Citi views the stock as attractive currently, and it maintains a Buy rating and a $94 price target on the stock.
Intel Corporation (NASDAQ:INTC) price target was lowered by JMP Securities following the company’s negative preannouncement. However, the firm still believes that the stock has support at current levels, and numerous upcoming positive catalysts. The firm lowered its estimates but keeps an Outperform rating on the stock.
Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) target has been raised by JMP Securities after the company announced the results of the trial of its bavituximab intended for second-line, non-small cell lung cancer patients demonstrating an overall survival benefit approximately double the duration seen in the control arm. The firm believes that the results could bode well for the company’s Phase III program and partnership talks, and it maintains an Outperform rating on the stock.
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