Wells Fargo (WFC) was initiated with a Market Perform rating, BMO Capital Markets said. $40 price target. Premier franchise, but challenges ahead.
STOCK COMMENTS/EPS CHANGES
Cabela's (CAB) earnings estimates were increased, said Credit Suisse. The company's analyst day highlighted its growth story, efforts to improve direct and other drivers. Price target goes to $69, said Credit Suisse.
CBS (CBS) earnings estimates were increased through 2014, said UBS. Over the next 2-3 years CBS has the potential to buyback/retire one third of its shares. Price target is now $54, said UBS.
Comcast (CMCSA) now seen reaching $60, according to Bank of America/Merrill Lynch. Full ownership of NBCU should add to growth. Buy rating, according to Bank of America/Merrill Lynch.CVS Caremark (CVS) earnings estimates were increased, said UBS. Health reform and generics will benefit the company in 2014/2015. Price target is now $60, said UBS. Express (EXPR) earnings estimates through FY2014 were reduced, said UBS. Weak traffic and higher promotions will impact the retailer near-term, said UBS. Huntington Bancshares (HBAN) estimates were raised through 2014, Jefferies said. Company can continue to leverage its business. Buy rating and new $8.25 price target. Hewlett-Packard (TKR) now seen reaching $22, according to Bank of America/Merrill Lynch. Management can continue to turn the business around. Neutral rating, according to Bank of America/Merrill Lynch. LinkedIn (LNKD) price target raised to $220, Goldman Sachs said. Expectations remain over conservative. Buy rating, Goldman Sachs said. Time Warner Cable (TWC) earnings estimates through FY2014 were reduced, said UBS. Margins to remain under pressure through 2013, said UBS. VMWare (VMW) earnings estimates through 2014 were increased, said Oppenheimer. Management updated guidance yesterday and expects to see margin improvement as noncore assets are disposed of faster than expected, said Oppenheimer. VMWare earnings estimates through FY2014 were increased, said UBS. A faster restructuring process and muted impact from Pivotal drive the increase, said UBS. >To submit a news tip, email: firstname.lastname@example.org.
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