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BAE Systems (NYSE:BAESY) announced that it is currently talking about a merger with European Aeronautic, Defense and Space Co. (EADSY), but Wells Fargo does not believe that the U.S. defense contractors’ multiples will show any expansion as a result of the news, due to the fact that BAE Systems is trading at a low multiple. The U.S. Defense Department would need to be involved in the merger, according to the firm, who also notes that historically, the U.S. has been more restrictive in regards to letting classified businesses be owned by non-U.S. and non-UK parent companies.
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United Natural Foods, Inc. (NASDAQ:UNFI) reported in-line results but still provided lower FY13 EPS guidance than expected, and Argus views the stock as being at a good entry point. The firm keeps its Buy rating and a $62 target on the stock.
TW Telecom Inc. (NASDAQ:TWTC): Due to a presentation given tw telecom’s management, Wells Fargo predicts a boost to the company’s margins because of its Intelligent Network strategy. However, the firm has decided to keep its Market Perform rating on the stock.
Rubicon Technology, Inc. (NASDAQ:RBCN) is believed by Avian to be the best manner in which to play the sapphire substrate space.
Tangoe Inc (NASDAQ:TNGO) has had positive mention “again” at Raymond James
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