Toll Brothers Sell-Off Viewed as Unwarranted and 4 Stock Analyses to Track
Ashland Inc. (NYSE:ASH): Following the company’s Investor Day, Deutsche Bank said they have increased confidence in Ashland Inc.’s 2014 earnings target. The firm raised their price target for shares and finds the stock’s valuation attractive at current levels.
Toll Brothers Inc. (NYSE:TOL): Following the company’s fourth quarter results, Deutsche Bank views the sell-off in shares of Toll Brothers as unwarranted. The firm believes that concerns over the tax impact of fiscal cliff negotiations and gross margin guidance are overdone and keeps a Buy rating on the stock. Deutsche raised their price target for shares from $36 to $37.
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Broadcom Corp. (NASDAQ:BRCM): Ahead of the company’s analyst day on Thursday, FBR Capital said that shares of Broadcom Corp. are attractive . FBR does not expect Broadcom to raise revenue guidance, but believes that the company could issue favorable margin or operating expense commentary. The firm keeps an Outperform rating on the stock.
Netflix, Inc. (NASDAQ:NFLX): Piper Jaffray said that Netflix Inc.’s streaming deal with Disney (NYSE:DIS) makes the company a major competitor to pay TV operators such as HBO, Showtime, and Liberty Media’s (NASDAQ:LMCA) Starz. The firm noted that Starz currently has access to Disney titles. Piper believes Netflix’s deal with Disney is one of the most significant streaming deals to date. They have a Neutral rating on shares of Netflix.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH): Jefferies views the 8-K that was filed by Cognizant Technology Solutions as a small upside surprise since the revenue growth threshold required to achieve 100% of management’s incentive comp target in 2013 was set at 16%. The firm thinks 16% is slightly above what analysts were expecting and maintains a Buy rating on their shares.
Don’t Miss: Toll Brothers Continues to Build Momentum.