Stock Insights: Canadian Pacific, Genesco, Magnum Hunter, Activision Blizzard, Mastercard May 24th

Canadian Pacific Railway Limited (NYSE:CP): After more than 4,800 Canadian Pacific employees went on strike yesterday, Sterne Agee expects the government to end the strike next week. The firm maintains an $84 target and Outperform rating on the stock.

Genesco Inc. (NYSE:GCO): Sterne Agee believes that Genesco’s positive trends, strong execution, and favorable guidance will enable the company to surpass EPS and valuation expectations. The firm raised its target to $85 from $80 and maintains a Buy rating.

Magnum Hunter Resources Corporation (NYSE:MHR): Capital One added Magnum Hunter to its Focus List but lowered its price target for shares to $8 from $9 following the recent debt and equity offerings. The firm has an Add rating on the stock.

Activision Blizzard, Inc. (NASDAQ:ATVI): After Activision Blizzard reported stronger than expected first day Diablo III sales, Stifel slightly raised its FY13 revenue estimate for the company. The firm thinks that the shares could remain volatile around the company’s trial with Diablo III scheduled for May 29, and the company recommends using any weakness to add to or initiate positions in Activision.

Mastercard Incorporated (NYSE:MA): CLSA said, as expected, the EU court ruled against cross-border Interchange. The firm would use any weakness in MasterCard as a buying opportunity and said the ruling does not change its Buy rating.

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