Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX): After the company reported lower than expected third quarter earnings per share, RBC Capital increased their target on Freeport McMoRan Copper & Gold Inc. as they believe that the company’s production should trough in the third quarter and rebound strongly thereafter. The firm maintains an Outperform rating on their stock.
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Viacom Inc. Class A Common Stock (NYSE:VIA): RBC Capital doesn’t expect Viacom Inc. Class A Common Stock to report significantly lower than expected results in coming years and the firm thinks the stock’s valuation is attractive. They raised the target on their stock from $54 to $62 and maintain an Outperform rating.
Volterra Semiconductor Corporation (NASDAQ:VLTR): After Volterra Semiconductor Corporation reported higher than expected third quarter earnings per share but lower than expected revenues, JMP Securities expects the company’s server power management business to grow. They also anticipate that during this quarter, their gross margins should rise. The firm belives that the company will meet their fourth quarter guidance and JMP Securities reiterates an Outperform rating on their stock.
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