True Religion Apparel Inc.(NASDAQ:TRLG): Needham believes the sell-off in True Religion shares from the Q4 miss and conservative guidance is a buying opportunity. The firm believes True Religion is well positioned for continue growth and offers compelling merchandise to customers. Shares are Buy rated with a $39 price target.

Lorillard, Inc.(NYSE:LO): UBS raised Lorillar estimates citing the strong report, higher buyback assumptions, and volume growth. Shares are Buy rated.

United Rentals, Inc.(NYSE:URI): After meeting with United Rentals’ management and attending the ARA conference, Oppenheimer reports that the backlogs of United Rentals’ suppliers were favorable. The firm believes that United Rentals’ business momentum is positive, and it maintains an Outperform rating on the stock.

Alexion Pharmaceuticals, Inc.(NASDAQ:ALXN): Leerink raised its estimates and price target for Alexion following the company’s Q4 results and keeps an Outperform rating on the stock. After Alexion reported stronger than expected Q4 results, Oppenheimer believes that the company’s 2012 guidance is conservative. The firm expects the stock to advance further on continued Soliris sales growth and increasing visibility on new Soliris indications..

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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