Stock Insights: A123 Systems, Yandex, Global Payments, Great Plains Energy, NV Energy June 13th
A123 Systems, Inc. (NASDAQ:AONE): Wunderlich expects shares of A123 Systems to give back all of yesterday’s 52% rally since it may take years to get the new technology into production and qualify with customers. The firm calls new battery technologies a “dime a dozen” and expects A123′s new material that was announced yesterday to have no near-term impact. Wunderlich reiterates a Sell rating on A123 shares with a 50c price target.
Yandex NV (NASDAQ:YNDX): Deutsche Bank believes the impact of the default search switch at Firefox in Russia will have a limited impact on Yandex. The firm expects many users who upgrade Firefox in Russia to switch back to Yandex and believes the company continues to gain market share. Deutsche thinks shares of Yandex look attractively valued and reiterates a Buy rating on the stock with a $34 price target.
Global Payments Inc. (NYSE:GPN): Deutsche Bank believes Global Payments’ data breach risk is manageable following the company’s update last night and thinks a significant portion of the expenses could be covered by insurance. The firm believes the breach will not change Global Payments’ fundamentals and recommends buying the stock on any weakness. Deutsche reiterates a Buy rating on shares of Global Payments.
Great Plains Energy Incorporated (NYSE:GXP): Citigroup added Great Plains Energy to its Top Picks Live list citing the stock’s relative valuation and keeps a Buy rating on the name with a $23 price target.
NV Energy, Inc. (NYSE:NVE): Citigroup removed NV Energy from its Top Picks Live list citing valuation but keeps a Buy rating on the stock.
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