Sequenom Inc. (NASDAQ:SQNM): The U.S. Patent Office withdrew its issuance of Sequenom’s 8,340,916 patent that was intended to cover the method of detecting fetal aneuploidy via the use of massive parallel sequencing. Furthermore, the company believes that patent interference issues were predicted. The firm thinks that the company will keep its market leadership position, and it reiterates its Outperform rating on the stock.
Centene Corp.’s (NYSE:CNC) Investor Day has influenced Oppenheimer to lower its estimates as a result of multiple negative developments that have been affecting the company, but the firm is convinced that these developments are one-time occurrences and it keeps its Outperform rating on the stock.
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Schlumberger Limited (NYSE:SLB) expects that weakness in North America and its Euro/CIS/Africa region will lower its EPS by 5c-7c, BMO Capital believes the weakness was caused by timing and well understood ,ongoing trends. The firm thinks the stock’s reaction on Friday was “way overdone,” and it maintains an Outperform rating on the shares.
Peabody Energy Corp. (NYSE:BTU) provided further guidance for 1Q13 and FY13, influencing BMO Capital to cut its FY13 EPS estimate to 30c from $2.59 considering reduced sales volumes and increased costs, mainly for Australia. On the other hand, the firm does believe that the U.S. coal markets could potentially be turning the corner, and it keeps its Outperform rating on the stock.
Valassis Communications Inc. (NYSE:VCI) price target has been raised by BMO Capital following the company’s lower than expected FY13 EPS guidance, but it also initiated a dividend. The firm predicts that the stock has reached an attractive entry point, and it keeps its Outperform rating.
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