Intel Corporation (NASDAQ:INTC): After reporting a higher than expected adjusted earning per share and a roughly in-line revenue for their second quarter, Stifel Nicolaus is expecting Intel Corporation’s positive data center trends to continue into 2013. The firm maintains a $35 target and Buy rating.
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Rovi Corporation (NASDAQ:ROVI): Following the pre-announcement of lower than expected second quarter results, Brean Murray has lowered their price target on Rovi .
Even though the firm cited lowered guidance, they continue to believe that there is value in their core licensing business. They maintain their Buy rating.
Intel Corporation (NASDAQ:INTC): After Intel Corporation lowered their fiscal year 2012 revenue guidance and kept their gross margin guidance intact, BMO Capital believes that the company’s fourth quarter outlook is overly optimistic. The firm lowered its estimates slightly and maintains a $24 target and Market Perform rating on the shares.
State Street Corp. (NYSE:STT): Even before Basel III risk adjustments are implemented, Raymond James said that State Street maintains a robust capital level and can offset lower risk weightings. Shares are Outperform rated with a $48 price target.
New York & Company Inc. (NYSE:NWY): Following meetings with management, Brean Murray raised their price target on New York & Co. As a result of reduced costs, higher traffic, and expanding margins, the firm cited positive traction in both first and second quarters. Shares are Buy rated.
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