Nomura Securities Maintains a 'Buy' on Melco Crown Entertainment (MPEL); Raising PT and Estimates May 24, 2012 09:09AM

Nomura Securities maintains a 'Buy' on Melco Crown Entertainment (NASDAQ: MPEL) price target raised to $17.50.

Analyst, Charlene Liu, said, "Post 1Q12 results and a recent company visit, we lift our estimates and target price. We are encouraged by 1) potential margin improvement from MPEL’s continual business mix shift toward mass and non-gaming (>60% of group’s EBITDA in non-VIP); 2) potential earnings upside from its new premium mass facilities and its overall mass business at the City of Dreams, which could benefit from traffic from the new Sands Cotai Central; and 3) stabilizing VIP volume growth from continuous efforts to improve yield through replacing less-efficient junkets. F12E/F13E EPS moves from $12.75/$18.46 to $17.96/$19.43."

For an analyst ratings summary and ratings history on Melco Crown Enter. click here. For more ratings news on Melco Crown Enter. click here.

Shares of Melco Crown Enter. closed at $12.07 yesterday, with a 52 week range of $7.05-$16.15.


Nomura Securities Maintains a 'Neutral' on Alcatel-Lucent (ALU); Speedy New 7950 XRS Core Router May 24, 2012 09:04AM

Nomura Securities maintains a 'Neutral' on Alcatel-Lucent (NYSE: ALU) price target of $1.27.

Analyst, Stuart Jeffrey, said, "New 7950 XRS core router beats rivals solutions on speed, density and feature sets. Relative to prior expectations, the product is set to launch slightly earlier than we had thought and boasts greater density levels. We believe that this positions Alcatel-Lucent well to gain between a 10% and 20% share of the core router market by end-2014. We have modestly raised our 2013/14 revenue estimates by 0.4%/1.1%, while 2014 recurring EPS is increased to EUR 0.09 from EUR 0.08. ALU’s rating remains Neutral on liquidity concerns, Cisco (Nasdaq: CSCO) remains Buy rated given low multiples and core share gains are already in estimates, Juniper (Nasdaq: JNPR) remains Neutral with a negative bias given headwinds to long-term growth."

For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.

Shares of Alcatel-Lucent closed at $1.57 yesterday, with a 52 week range of $1.39-$6.05.


Nomura Securities Reiterates a 'Buy' on American Eagle Outfitters (AEO); Adjusting Estimates After Q1 Review May 24, 2012 08:53AM

Nomura Securities reiterates a 'Buy' on American Eagle Outfitters (NYSE: AEO) price target of $24.00.

Analyst, Paul Lejuez, said, "Following AEO’s sector leading +17% comp in 1Q, the company is guiding to +mid single digit comps in 2Q, well above trends at primary teen competitors. We believe AEO’s fashion is on target and the company is taking share and driving the top line while pulling back on promotions. We expect leaner inventories in 2H to drive significant GM increases and believe the company will be well positioned with down high single-digit unit buys while teen competitors seem ready to buy units up. F12E/F13E EPS from $1.28/$1.49 to $1.44/$1.66 (reflecting $0.10 from 77kids closure). Trading at 5.5x F12E EBTDA, valuation is attractive."

For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.

Shares of American Eagle Outfitters closed at $20.04 yesterday, with a 52 week range of $10.00-$21.13.


Canaccord Genuity Reiterates a 'Buy' on InterMune Inc. (ITMN); Reducing Estimates and PT May 24, 2012 08:39AM

Canaccord Genuity reiterates a 'Buy' on InterMune Inc. (NASDAQ: ITMN) price target lowered from $24 to $15.

Analyst, Ritu Baral, said, "Reiterate rating, lowering target to $15 on lower, but still blockbuster, Esbriet (pirfenidone) sales prospects. Esbriet is ITMN’s drug for idiopathic pulmonary fibrosis (IPF), an orphan lung disease. We see good Esbriet EU potential (despite price concerns) and encouraging 2012 adoption, but are reducing our worldwide peak sales estimate to $2.1B from $3.6B in 2025."

For an analyst ratings summary and ratings history on InterMune Inc. click here. For more ratings news on InterMune Inc. click here.

Shares of InterMune Inc. closed at $10.08 yesterday, with a 52 week range of $9.66-$37.99.


Canaccord Genuity Maintains a 'Hold' on Pandora (P); Solid Quarter, But Risk/Reward Balanced May 24, 2012 08:30AM

Canaccord Genuity maintains a 'Hold' on Pandora (NYSE: P) price target of $13.00.

Analyst, Michael Graham, said, "Pandora reported a solid quarter that we believe brushed aside some of the worst fears about the company’s business model following its lackluster performance during Q4/F12. We are encouraged to see that the remnant ad impact on the top line was isolated to January, but we believe the company still remains a long distance away from being able to monetize mobile usage at rates similar to desktop."

"We are increasing our estimates to reflect management’s more positive outlook for the business but remain cognizant of the challenges the company is facing in monetizing mobile usage."

For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.

Shares of Pandora closed at $10.33 yesterday, with a 52 week range of $7.83-$26.00.


More Analyst EPS Change

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May 24, 2012 08:11AM Needham & Company Reiterates a 'Buy' on Synopsys (SNPS); Strong 2Q Suggest EDA Remains Healthy
May 24, 2012 08:08AM Needham & Company Maintains a 'Buy' on Pandora (P); Internet Markets is “Winner-Take-Most”
May 24, 2012 07:49AM Needham & Company Reiterates a 'Buy' on NetApp (NTAP); Solid 4Q Overshadowed by Conservative 1Q
May 24, 2012 07:46AM Needham & Company Maintains an 'Underperform' on Hewlett-Packard (HPQ); Modest F2Q Beat
May 24, 2012 07:31AM Wells Fargo Upgrades Aeropostale, Inc. (ARO) to Market Perform; Risk/Reward Even Given Improving Trends
May 24, 2012 07:29AM Brean Murray Carret & Co. Downgrades NetApp (NTAP) to Hold; Visibility Challenged
May 24, 2012 07:24AM Wells Fargo Upgrades Watson Pharmaceuticals (WPI) to Outperform; Actavis Acquisition Adds Growth Prospects
May 23, 2012 01:44PM Barclays Maintains an 'Overweight' on Camelot Information Systems (CIS); Q1 Trends Mostly In-line
May 23, 2012 01:36PM Barclays Earnings Review on Analog Devices (ADI); Slow and Sure Wins The Race
May 23, 2012 01:26PM Barclays Maintains an 'Overweight' on Avago Technologies (AVGO); Prepped and Ready for iPhone 5
May 23, 2012 01:16PM Barclays Raises Estimates on Williams-Sonoma (WSM); Encouraging Q1 Results
May 23, 2012 01:12PM Barclays Adjusting Estimates on Coca-Cola (KO); Seeing A More Well-Balanced Portfolio
May 23, 2012 01:04PM Barclays Acknowledges Positive Q4 Results From Ralph Lauren (RL); Expect FY13 To Face Several Top Line Headwinds
May 23, 2012 12:54PM Barclays Raises Estimates on PetSmart (PETM); Expect Continued Momentum Despite Challenging Macro
May 23, 2012 12:49PM Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Raising Estimates and PT After Great Q1
May 23, 2012 12:38PM Barclays Attends Total System Services' (TSS) Analyst Day: Three Signs For Additional Upside
May 23, 2012 12:29PM Barclays Cuts PT and Estimates on Dell (DELL); Apple's (AAPL) Momentum Proves Disrupting
May 23, 2012 12:23PM Barclays Maintains an 'Equalweight' on J. C. Penney (JCP); Slashing PT on Disappointing Results
May 23, 2012 12:18PM Deutsche Bank Cuts Price Target and EPS Estimates on J. C. Penney (JCP); There's Only Two Ways This Can Go
May 23, 2012 11:34AM Goldman Sachs Boosts Target on Williams-Sonoma (WSM) On Signs of Stabilization
May 23, 2012 11:26AM Goldman Sachs Keeps Top Rating on Ralph Lauren (RL) After Q4 Results, Says Buy Pullback
May 23, 2012 10:58AM Goldman Sachs Sees 61% Upside in MAKO (MAKO)
May 23, 2012 10:57AM UBS Raises Price Target and Estimates on Williams-Sonoma (WSM); Positive Momentum Is Beginning To Pick Up
May 23, 2012 10:54AM UBS Maintains a 'Buy' on Ralph Lauren (RL); Taking A More Conservative Approach
May 23, 2012 10:50AM UBS Maintains a 'Neutral' on Ralcorp Holdings (RAH); Trimming Numbers After Q2 Miss
May 23, 2012 10:46AM UBS Raises Price Target and Estimates on PetSmart (PETM); Sees Sustained Sales and Margin Benefit
May 23, 2012 10:40AM UBS Maintains a 'Buy' on Express Inc. (EXPR); A Misstep, But Still A Consistent Performer
May 23, 2012 10:36AM UBS Cuts Price Target and Estimates on Analog Devices (ADI); Good Q2, But Slowing Growth in N-T
May 23, 2012 09:23AM Nomura Securities Sees Trends Continuing To Be Difficult at Wet Seal, Inc. (WTSLA); Cutting FY12/13 Estimates
May 23, 2012 09:15AM Nomura Securities Reiterates a 'Buy' on AutoZone (AZO); Tweaking Estimates After Q3 Results
May 23, 2012 09:13AM Nomura Securities Raises PT and Estimates on PetSmart (PETM) After Good Q1
May 23, 2012 08:58AM Nomura Securities Maintains a 'Neutral' on Analog Devices (ADI); Slightly Boosts Estimates
May 23, 2012 08:55AM Nomura Securities Maintains a 'Buy' on Avago Technologies (AVGO) Raising FY12 Estimates
May 23, 2012 08:53AM Canaccord Genuity Maintains a 'Hold' on Dendreon (DNDN) After Meeting with Management
May 23, 2012 08:41AM Canaccord Genuity Reiterates a 'Buy' on Analog Devices (ADI); Delivering Upside
May 23, 2012 08:16AM Sterne Agee Maintains a 'Neutral' on Dell (DELL); Cutting Estimates on Surprise Q1
May 23, 2012 08:04AM Compass Point Maintains a 'Neutral' on UDR, Inc. (UDR); Raising PT, But Lowering Estimates
May 23, 2012 07:55AM Needham & Company Maintains a 'Buy' on PetSmart (PETM); Raising PT and Estimates as EPS And SSS Beat Expectations
May 23, 2012 07:40AM Needham & Company Maintains a 'Hold' on Dell (DELL); Lowering Estimates on Messy Q1
May 22, 2012 04:22PM UBS Lowers Estimates and PT on Lowe's (LOW) Messy Q1, But Bullish Case Remains
May 22, 2012 04:16PM UBS Maintains a 'Buy' on JPMorgan (JPM); Patient Investors Will Be Rewarded
May 22, 2012 02:33PM Barclays Maintains an 'Equalweight' on BreitBurn Energy Partners (BBEP); Revising Estimates
May 22, 2012 02:27PM Barclays maintains an 'Equalweight' on Tech Data (TECD); Slight Adjustments on Q1 Results
May 22, 2012 02:02PM Barclays Cuts Estimates on Lowe's (LOW); Gross Margins Under Pressure; Performance Lags HD
May 22, 2012 01:38PM Barclays Maintains an 'Overweight' on Tidewater (TDW); Dayrates Climb, But Adjusting Numbers Lower on Expenses
May 22, 2012 01:32PM Barclays Maintains an 'Equalweight' on Apollo Commercial Real Estate Finance (ARI); Effectively Using Capital, But Shares Trading In-line Vs. Peers
May 22, 2012 01:04PM Brean Murray Carret & Co. Reiterates a 'Sell' on Urban Outfitters (URBN); Still No Reason For Optimism
May 22, 2012 10:49AM Auriga Maintains a 'Buy' on DSW Inc. (DSW); Guidance and Dividend Raised on Strong Q1
May 22, 2012 09:57AM Goldman Sachs Defends J.P. Morgan (JPM); 'Down But Not Out'
May 22, 2012 09:43AM Nomura Securities Maintains a 'Buy' on Lowe's (LOW); Review of Q1
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