Western Digital Holds at Sector Perform and 4 Stock Analyses Attract Attention
Veeco Instruments Inc. (NASDAQ:VECO): Following the company’s third quarter results, Piper Jaffray believes Veeco Instruments Inc.’s valuation remains compelling. Piper expects Veeco’s MOCVD orders will pick up in 2013 and reiterates an Overweight rating on their stock despite lowering their price target for shares from $45 to $43. Canaccord said Veeco’s guidance continues to show a lack of visibility and that a downside risk remains. Shares are Sell rated with a $25 price target, down from $27.
Incyte Corporation (NASDAQ:INCY): After conducting checks, Oppenheimer believes that Incyte Corporation’s Jakafi will show strong growth over the long-term among community physicians. The firm thinks that Jakafi’s potential is undervalued and they maintain an Outperform rating on the stock.
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CarMax Inc. (NYSE:KMX): Oppenheimer believes that near-term sales trends in CarMax Inc.’s core used car business are beginning to rebound and the firm expects the company’s top line trends to improve. The company maintains a $38 target and Outperform rating on their stock.
Western Digital Corp. (NYSE:WDC): Following Western Digital Corp.’s first quarter results and guidance, FBN Securities said that they are concerned about the company’s market share loss to Seagate (NASDAQ:STX) and weak PC growth. The firm lowered their price target for Western Digital shares and keeps a Sector Perform rating on their stock.
TiVo Inc. (NASDAQ:TIVO): Brean Capital has raised their price target on TiVo Inc. and said that they are trading at a discount to fair value. The firm is citing increased business momentum and believes settlements with Motorola and Cisco (NASDAQ:CSCO) have set a strong legal precedent for their patent infringement claims. Shares are Buy rated.
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