Universal Display Sees Reduced Guidance and 4 Stock Analyses to Note
Universal Display Corp. (NASDAQ:PANL): After Universal Display Corp. posted a large third quarter earnings miss and reduced their guidance, JMP Securities noted that the timing issues hurting the company have affected other early stage technology companies in the past. The firm is upbeat about the Universal’s longer term outlook and reiterates an Outperform rating.
Quality Distribution Inc. (NASDAQ:QLTY): After Quality Distribution Inc. reported a much lower than expected third quarter earnings per share, Stifel Nicolaus believes that the decline in the stock was mostly warranted, but overdone. The firm reduced their target from $17 to $10, but maintains a Buy rating on their shares.
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National Semiconductor Corporation (NYSE:NSM): Sterne Agee believes that Bank of America’s (NYSE:BAC) decision to sell their non-core servicing business at a faster than expected rate should boost National Semiconductor Corporation’s business. As a result of this news, the firm anticipates that National’s stock will appreciate more quickly, but they maintain a $30 target and Neutral rating on their shares.
Concur Technologies, Inc. (NASDAQ:CNQR): Following solid fourth quarter results, Baird said that they would buy Concur Technoligies, Inc. on weakness. The firm noted lowered guidance, but cited the effects of Hurricane Sandy as a reason as well as increased investment spending. However, they expect revenue growth to accelerate throughout 2013. Shares are Outperform rated with a $75 price target.
Williams-Sonoma Inc. (NYSE:WSM): Ahead of their third quarter results, Baird lowered their price target on Williams-Sonoma Inc. The firm believes that healthy momentum across ecommerce suggests the potential for better than expected revenues, but they also think that the risk/reward is balanced. Shares are Outperform rated.
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