ReachLocal Analyst Remains Positive and 3 Stock Insights to Note
Mentor Graphics Corp. (NASDAQ:MENT) is recommended by Canaccord before Thursday’s earnings report as a result of strong demand due to both logic-centric spending for mobile devices and strong non-core EDA demand. The firm believes that the company will show solid results and guidance, and it keeps its Buy rating and a $20 price target on the stock.
Baidu, Inc. (NASDAQ:BIDU): According to Barclays, the most recent weekly search data for November 5 to November 11 shows that the company’s search traffic continued to be somewhat flat at 84 percent and Qihoo 360’s (NYSE:QIHU) traffic saw a slight drop of 0.2 percent, falling to 8.2 percent.
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First Solar, Inc. (NASDAQ:FSLR): UBS has stated that Chinese poly demand saw a 34 percent fall during October, and the firm adds that prices dropped as well. The firm predicts that poly demand for Q4 will continue to be weak as a result of low visibility for solar modules during 1H 2013.
ReachLocal, Inc. (NASDAQ:RLOC): Piper Jaffray continues to be positive on ReachLocal shares as a result of the company’s exposure to the local and international growth themes. The firm reiterates its Overweight rating and a $17 price target on the stock.