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Lattice Semiconductor Corporation (NASDAQ:LSCC): Baird lowered its price target on Lattice Semiconductor following its lowered Q2 guidance for revenues and gross margins. The firm maintains its Outperform rating citing better leverage in 2H 2012 and attractive valuation.
Citigroup, Inc. (NYSE:C): After meeting with Citigroup’s CEO and CFO, Bernstein reports that the executives were cautious due to global economic risks and subdued operating conditions, and Bernstein lowered its Q2 estimates for the bank. However, the firm thinks the stock offers attractive long-term value and it maintains an Outperform rating on the shares.
Mosaic Co. (NYSE:MOS): JPMorgan says Mosaic trades for nearly half of the company’s replacement value of $90-$95 per share. The firm thinks shareholder value could be realized in the second half of 2013 via an aggressive share repurchase program or industry consolidation trends. JPMorgan dropped its price target for Mosaic to $64 from $68 to reflect lower potash price assumptions, but keeps an Overweight rating on the stock.
Synchronoss Technologies, Inc. (NASDAQ:SNCR): After meeting with Synchronoss’ (NASDAQ:SNCR) CFO, Stifel Nicolaus sees little evidence that the company is losing its AT&T (NYSE:T) business. The firm, however, lowered its target on the shares to $36 from $44 as it believes that the stock may not rebound to pre-Q1 levels for another six to nine months. Stifel nonetheless maintains a Buy rating.
Boeing Co. (NYSE:BA): Sterne Agee believes that speculation about dilution of Boeing’s margins due to the 737-MAX is overblown, as the firm doesn’t expect the bear case on the 737 accounting block extension to play out. The firm maintains a Buy rating on the shares.
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