Qihoo Expected to Trough and 4 Stock Analyses Making Rounds

Hanesbrands Inc. (NYSE:HBI) target has been raised by DA Davidson after the company reiterated its Q4 guidance, along with the announcement that it intends to prepay $250 million of its $500 million of 2016 notes this December, compared to its previous guidance of repayment in December 2013. The firm thinks that the guidance shows that Hanesbrands’ fundamentals are healthy, and it keeps its Buy rating on the stock.

Sturm, Ruger & Co. Inc. (NYSE:RGR): According to KeyBanc’s checks, November firearm demand was probably solid because of post election and Black Friday promotions. The firm does is not convinced that the elevated demand is sustainable with difficult comps in the near future, and it continues to be cautious on the sector. The firm gives Sturm, Ruger an Underweight rating and Smith & Wesson a Hold rating.

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Halliburton Company (NYSE:HAL): According to Goldman’s channel checks, the January order book has picked up for pressure pumping companies. The firm believes that higher equipment utilization will boost Q1 margins, and it has decided to keep its Conviction Buy rating on Basic Energy (NYSE:BAS) with a Buy rating on Halliburton.

Qihoo 360 Technology Co Ltd (NYSE:QIHU): Stifel Nicolaus met with Qihoo’s management, and now it expects the company’s operating margins to drop low this quarter before it rebounds during 2Q13. The firm reiterates its Buy rating and a $31 price target on the stock.

CarMax Inc. (NYSE:KMX): According to RW Baird, CarMax’s comp used unit sales for the November quarter saw an 11 to 12 percent increase, compared to the consensus estimate of a 7 percent gain. The firm predicts that the company’s growth will show acceleration during FY14, and it keeps its Outperform rating on the stock.

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