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Tesco Corporation (NASDAQ:TESO): Dahlman Rose stated that Tesco has an attractive value, and it is trading below tangible book value. The firm keeps its Buy rating and a $12 price target on the stock.
Cadence Design Systems Inc. (NASDAQ:CDNS): According to Piper Jaffray, Bloomberg’s report yesterday that Apple (NASDAQ:AAPL) has begun to explore ways to replace Intel (NASDAQ:INTC) processors in its PC line, and this is consistent with its checks over the past few years. Piper believes that it will see a shift away from merchant silicon to internally designed silicon, and believes that Cadence Design and ARM Holdings (AMRH) will be primary beneficiaries. The firm believe that this trend is not a positive for Intel.
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Tornier N.V. (NASDAQ:TRNX) reported slightly weaker Q3 results than predicted, influencing RBC Capital to believe that the shares could be rangebound over the near-term, but it believes that the company’s organic revenue growth will re-accelerate during 2013. The firm believes that long-term investors can use the stock’s weakness as a buying opportunity. The firm keeps a Sector Perform rating on the stock.
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