EMC (EMC) price target raised at Barclays. EMC shares now seen reaching $28, up from $26, as pure-play storage vendors are positioned well for growth, Barclays said. Maintain Overweight rating.
Goldman Sachs (GS) target, estimates cut at Credit Suisse. Price target trimmed to $190 from $200. Expecting weak third-quarter results and Basel/capital to be a focus, Credit Suisse said. 2010 EPS estimate reduced to $14.4, 2011 set at $19.00. Reiterate Outperform rating.
H&R Block (HRB) target lowered at Goldman. Shares now seen reaching $13, according to Goldman Sachs. Company faces increased mortgage risk. Neutral rating and $13 price target.
Incyte (INCY) target increased to $22 at Oppenheimer. Expect Response trial to be successful. Outperform rating.Intuit (INTU) target raised at Morgan Stanley. Shares now seen reaching $51, according to Morgan Stanley. Small business demand is growing. Overweight rating. Lockheed Martin (LMT) numbers lowered at UBS. Shares of LMT now seen reaching $71. Estimates also cut, as the company now sees flat sales in 2011. Neutral rating. Morgan Stanley (MS) target, estimates lowered at Credit Suisse. Price target reduced to $35 from $37. Expect modestly profitable third-quarter but oversized BV growth, Credit Suisse said. 2010 and 2011 EPS estimates lowered to $2.56 and $3.00, respectively. Maintain Outperform rating. Noble (NE) estimates lowered through 2011 at Citigroup. New ship was delayed and the company is facing a higher tax rate this quarter. Buy rating and $36 price target. Netflix (NFLX) shares now seen reaching $180, according to Piper Jaffray. Company continues to have multiple growth drivers. Overweight rating. NetApp (NTAP) price target boosted to $56 from $40 at Barclays on leading product portfolio that includes NetApp's unified storage architecture. Reiterate Equal Weight rating. Principal Financial (PFG) estimates cut through 2011 at UBS. Company is leaving the medical insurance business. Neutral rating and $27 price target. PPL (PPL) estimates, target reduced at Morgan Stanley. Shares now seen reaching $31.50, according to Morgan Stanley. Estimates also cut, given a lower rate base in PA. Overweight rating.