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Career Education Corp. (NASDAQ:CECO) announced last night that its CFO resigned, and BMO Capital believes that the outgoing CFO was one of the most respected CFOs in the for-profit education industry. The firm thinks that the stock may have a negative reaction to the news, but it reiterates Market Perform rating and a $5 target on the stock.
Globe Specialty Metals, Inc. (NASDAQ:GSM): Credit Suisse described Globe Specialty Metals as one of the most attractive names in the metals space due to its leading cost position, strategic positioning, management’s acquisition expertise, and a solid balance sheet. Shares have an Outperform rating and a $17 price target, up from $16.
Tiffany & Co. (NYSE:TIF) is expected by Goldman to lower guidance when reporting its Q2 earnings on August 27. The firm stated that its estimates already reflect a cut and that any weakness may be a buying opportunity. Shares are Buy rated with a $70 price target.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) announced that it intends to launch a new search engine, causing Stifel Nicolaus to expect the company to gain $40 million in search-related revenue by 4Q13. The firm believes that the search engine will show significant growth at least through 2014, and it reiterates a Buy rating on the stock.
Verizon Communications Inc. (NYSE:VZ): Wells Fargo states that its channel checks suggest that Verizon’s rollout of Share Everything data plans has resulted in a very solid take rate and has driven the carrier to take share from the other Big 4. Wells increased its Q3 postpay net add estimate for Verizon to 925 thousand and keeps its Outperform rating on shares.
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