Stock Insights: Take-Two, JPMorgan, Dell, Expedia, Teradyne May 23rd
JPMorgan Chase & Co. (NYSE:JPM): Keefe Bruyette believes JPMorgan’s board may explore options to unlock value should the market continue to depress the multiples of global banks. The firm thinks JPMorgan CEO Jamie Dimon is not going anywhere and that the bank poses less risk to the system as a consolidated company than broken up. Keefe Bruyette keeps an Outperform rating on JPMorgan shares with a $49 price target.
Take-Two Interactive Software Inc. (NASDAQ:TTWO): Ascendiant Capital lowered its estimates and price target for Take-Two citing the company’s weaker than expected FY13 guidance, but maintains a Buy rating on the stock. The firm finds the current valuation as attractive.
Dell Inc. (NASDAQ:DELL): Deutsche Bank lowered its estimates and price target for Dell following the company’s weaker than expected Q1 results, but maintains a Buy rating on the name.
Expedia Inc. (NASDAQ:EXPE): Piper Jaffray said it is more confident in the growth of Expedia’s branded business following the release of April comScore data, which Piper said suggested a strong acceleration in the company’s Europe based web traffic. The firm raised its price target for shares and reiterates an Overweight rating on the stock.
Teradyne Inc. (NYSE:TER): Goldman upgraded the U.S. Semi Production Equipment sector to Neutral from Cautious based on valuation. As part of the sector change, the firm upgraded Teradyne (NYSE:TER) to Buy from Neutral and Applied Materials (NASDAQ:AMAT) to Neutral from Sell.
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