Xyratex LOWERED Due to Weaker Q3 Guidance and 4 Active Stock Alerts to Take Note of Now

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Johnson Controls Inc. (NYSE:JCI): According to Wunderlich, risk will be increased if Johnson Controls reduces its 2012 revenue and earnings guidance while reporting Q3 results in the middle of July due to the European economic slowdown’s impact on automotive sales. On the other hand, the firm maintains its Buy rating on shares, citing a large chance that government stimulus will be enacted throughout Spain and France directed mainly at autos.

Don’t Miss: These 6 Stocks are Avoiding the Unemployment BACKLASH.

Costco Wholesale Corporation (NASDAQ:COST): According to Bernstein’s beliefs, Costco’s long-term international growth may drop lower than expectations, and the firm keeps its Underperform rating on the stock.

Cepheid (NASDAQ:CPHD): Ahead of Q2 earnings, Credit Suisse has begun being more cautious in regards to Science Tools & Diagnostics sector. The firm reduced it’s Q2 and 2H 2012 estimates because of macro uncertainty, European difficulties, foreign exchange headwinds, and U.S. NIH budget reductions. The firm stays bullish on the stock and increases its price target to $50 from $45.

ITT Corporation (NYSE:ITT): According to KeyBank, ITT might see a near-term upside due to underperformance recently, high short interest, reasonable fundamentals, as well as a solid balance sheet. Shares have a Buy rating and a $26 price target.

Xyratex Ltd. (NASDAQ:XRTX) had its price target reduced after Q2 results due to margin pressures and a weak Q3 guidance mainly in the storage area. Shares keep a buy rating.

Don’t Miss: Why Is Google SCRAPPING These Products?

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business