- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Royal Caribbean Cruises Ltd. (NYSE:RCL) reported weaker Q2 results than expected and provided weaker FY12 guidance than expected, influencing Wells Fargo to lower its valuation range on the stock to $30-$32 from $35-$37. The firm believes that downside risk is limited, and it recommends buying the shares.
Don’t Miss: Nokia is Creating an Apple CHALLENGER.
Sprint Nextel Corp. (NYSE:S): According to JPMorgan, Sprint could begin to look at accretive acquisitions in the wireless space after the recent doubling of its equity value. The firm lists Leap Wireless (NASDAQ:LEAP), MetroPCS (NYSE:PCS), NTELOS (NASDAQ:NTLS), and T-Mobile USA as the four most likely acquisition candidates for the company. JPMorgan thinks that an acquisition of Leap Wireless, MetroPCS, and NTELOS would each be accretive and simple, but a deal for T-Mobile USA would bring more operational and regulatory risk.
PetSmart, Inc. (NASDAQ:PETM) price target was increased by Baird after it showed solid Q2 results. The firm credited broad based strength, good sales visibility, and innovative merchandising. Shares keep a Neutral rating due to its premium valuation.
Cisco Systems, Inc. (NASDAQ:CSCO) price target was increased by Baird after it showed solid Q4 results due to its increased dividend and decent guidance. Shares have a Neutral rating.
Deere & Company (NYSE:DE) price target was reduced by Baird after it missed Q3 results. The firm credited difficulty in combine production, lowered guidance, and slower international growth. Shares have a Neutral rating.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.