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Hub Group Inc. (NASDAQ:HUBG) target has been lowered by Sterne Agee due to the firm’s beliefs that recent trucking price weakness has had an effect on rail intermodal rates. However, the firm has decided to continue to be upbeat regarding the outlook for intermodal, and it keeps its Buy rating on the stock.
Skechers USA Inc.’s (NYSE:SKX) domestic wholesale business is expected by Sterne Agee to be positive in Q3, and it will gain momentum in the near future. The firm keeps its Buy rating on the stock.
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Heartland Payment Systems, Inc. (NYSE:HPY): According to Sterne Agee, recent weakness regarding Heartland Payment’s stock is because of disintermediation fears which are viewed by the firm as being overdone. The firm believes that the company will gain EPS growth of about 20 percent over the next few years, and it keeps its Buy rating and $38 target on the stock.
Apple Inc. (NASDAQ:AAPL): After its supply chain checks, Sterne Agee thinks that demand for Apple’s products continue to be strong during the improvement of its production capabilities. The firm views a recent drop in the stock as a “typical consolidation,” and it keeps its Buy and an $840 target on the stock.
Edwards Lifesciences Corp. (NYSE:EW) price target has been reduced to $85 from $90 by Barclays.
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