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CSX Corp. (NYSE:CSX): Following solid second quarter results, Baird said that they will remain buyers of CSX and prefer to use shares for rail exposure. The firm cited their potential for earnings growth in 2013, as well as their strong operating performance, and real pricing gains. Shares are Outperform rated with a $27 price target.
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Altera Corp. (NASDAQ:ALTR): Citing results and guidance from Xilinx (NASDAQ:XLNX), and due the state of their end markets, BMO Capital has reduced their target on Altera (NASDAQ:ALTR). Even though the firm lowered their estimates, they still continue to see Altera as a long-term “winner,” in the semi sector. The firm maintains an Outperform rating on their stock.
Bank of America Corporation (NYSE:BAC): Following their second quarter earnings, Baird said that the near-term upside for Bank of America is limited. The firm cited management’s spread income outlook, their LAS expenses, the potential for mortgage put-back losses, as well as reserve releases. Shares are Neutral and have a $9 price target.
Xilinx Inc. (NASDAQ:XLNX): BMO Capital reduced their target on Xilinx Inc. after the company provided lower than expected second quarter revenue guidance. However, the firm still predicts that they will be a “structural winner,” and they maintain an Outperform rating on their stock.
Mellanox Technologies, Ltd. (NASDAQ:MLNX): Following the company’s better than expected second quarter results and guidance, Needham raised their estimates and price target for Mellanox. The firm believes Mellanox will continue to see momentum across their targeted markets. They keep a Buy rating on their stock.
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