United Technologies Lowered Due to Soft Growth and 4 Stock Analyses to Watch
CH Robinson Worldwide Inc. (NASDAQ:CHRW): According to Baird, any pullback on shares of C.H. Robinson or ongoing developments after the announcement of the acquisition should be used as a buying opportunity. The firm thinks that the acquisition more than doubles its scale in international forwarding net revenue base along with giving the company platform to grow in the future. Shares have an Outperform rating and a price target that has been increased to $67 from $64.
Tesla Motors, Inc. (NASDAQ:TSLA) price target was reduced by Baird due to its lowered production guidance. The firm claims that it underestimated the challenges that would come with the increasing production, but it has decided to keep its long term thesis intact. The company’s planned stock offering is expected to provide a liquidity buffer. The firm keeps an Outperform rating on the stock.
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Kongzhong Corp. (NASDAQ:KONG) has been described by Roth Capital as one of the most under-appreciated stocks it has seen lately. According to the firm, there is significant upside potential through the next 1-2 years, and it keeps its Buy rating and $10 price target on the stock.
United Technologies Corp. (NYSE:UTX) estimates have been reduced by Sterne Agee because of softening global growth, but it keeps its Buy rating due to double-digit EPS growth.
Costco Wholesale Corporation (NASDAQ:COST) price target has been increased by Bank of America Merrill Lynch due to its strong expectations for the Fall and Holiday seasons, new store growth, and ongoing core comp strength and trends. Shares have a Buy rating.