Altera Corp. (NASDAQ:ALTR) had its hold rating reiterated by analysts at Jefferies Group. The firm currently has a $35.00 price target on the stock, up from their previous price target of $34.00. The analysts wrote, “Altera’s Investor Meeting reinforced our Moore Stress thesis and Intel upgrade. Altera said their choice of Intel’s 14nm over TSMC’s 16nm is expected to provide competitive advantages (lower transistor costs), consistent with our view. Also consistent with Moore Stress is Altera’s expectation for +11% y/y 2014 R&D expense; we expect leading edge chip companies to face R&D headwinds due to rising implementation costs at lower nodes.”
Alcatel Lucent (NYSE:ALU) had its hold rating reaffirmed by analysts at Argus.
Best Buy Co. (NYSE:BBY) had its buy rating reiterated by analysts at Deutsche Bank.
Brocade Communications Systems (NASDAQ:BRCD) had its buy rating reissued by analysts at Needham & Company. Needham & Company currently has a $9.50 price target on the stock.
salesforce.com inc. (NYSE:CRM) had its conviction-buy rating reissued by analysts at Goldman Sachs Group Inc..
salesforce.com inc. (NYSE:CRM) had its buy rating reissued by analysts at Jefferies Group. The firm currently has a $66.00 price target on the stock, up from their previous price target of $57.00. The analysts wrote, “CRM posted solid F3Q14 results as ExactTarget drove billings and revenues above our estimates. The F4Q revenue guidance is above, and preliminary FY15 guidance is in-line with our prior forecasts. However, growth and integration investments are offsetting leverage. CRM remains the best growth mid/large cap name in our group. Retain Buy.”
Concho Resources (NYSE:CXO) had its buy rating reissued by analysts at Deutsche Bank. Deutsche Bank currently has a $130.00 price target on the stock.
Intel Corp. (NASDAQ:INTC) had its neutral rating reissued by analysts at Credit Suisse. Credit Suisse currently has a $20.00 target price on the stock, down from their previous target price of $30.00.
Intellipharmaceutics (NASDAQ:IPCI) had its hold rating reaffirmed by analysts at Zacks. Zacks currently has a $2.20 target price on the stock.
Nortek (NYSE:NTK) had its hold rating reiterated by analysts at Jefferies Group. Jefferies Group currently has a $76.00 target price on the stock, up from their previous target price of $74.00. The analysts wrote, “We are adjusting our estimates to reflect a lower future share count following clarification on potential dilution from NTK’s warrants, and also see lower interest expense in 2015 from a likely refinance of its 10% bond once it becomes callable in December 2014.”
Transocean (NYSE:RIG) had its hold rating reiterated by analysts at Wunderlich. They currently have a $51.00 price target on the stock. The analysts wrote, “Yesterday, Transocean (RIG) reported a slightly negative fleet status report for November. This report saw net downtime increase slightly in both 2013 and 2014 but, more important, noted that the Deepwater Discovery is now idle, having yet to secure a new contract. On a positive note, the Discoverer Enterprise secured a contract extension for work in the US Gulf of Mexico with BP (BP-NR). The company also noted that it has sold the GSF Rig 127.”
Riverbed Technology (NASDAQ:RVBD) had its hold rating reiterated by analysts at Wunderlich. The firm currently has a $18.00 target price on the stock, up from their previous target price of $17.00. The analysts wrote, “Monday, for the first time in 5+ years, Riverbed Technology (RVBD) held an analyst meeting to formally introduce recent executive staff changes and assert corporate growth objectives, which center on achieving product line synergies and full integration of acquired companies. 2014 targets are moderately above our prior forecast, which is now updated to reflect corporate goals. The increase in our target price to $18 from $17 is based on our model of the value of future earnings and reflects the model changes. No change to our Hold rating; price appreciation since an activist shareholder filing (13D) earlier this month is over 19% and has already captured the implications of our forecast revision.”
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