Alcatel-Lucent S.A. (NYSE: ALU) was reiterated as Hold at Argus. The firm said that it sees slim prospects for a normal “budget flush” fourth quarter and it expects deeper losses in 2013 and 2014 than it had previously modeled. With this stock up almost 200% in 2013, the turnaround bulls might want to consider that the shift plan remains at the beginning stages.
Altera Corp. (NASDAQ: ALTR) was maintained as Buy but was removed from the prized Conviction Buy List at Goldman Sachs. The firm maintained a $39 price target in the call after the analyst day. Sterne Agee simply maintained its Hold rating on Altera.
Intel Corp. (NASDAQ: INTC) was reiterated Outperform and with a $30 price target at Credit Suisse ahead of this week’s analyst day. Sterne Agee maintained its Neutral rating and $20 price target, so there are two sides to this story and they are very far apart. Intel shares closed at $24.62 on Monday.
Other analyst calls are as follows:
Apollo Global Management LLC (NYSE: APO) was reiterated as Buy and on the Focus List as its price target was raised to $35 from $33 at Argus.
Clorox Co. (NYSE: CLX) was reiterated as Buy and the price target was raised by $10 to $105 at Argus.
CST Brands Inc. (NYSE: CST) was reinstated as Underperform with a $29.00 price target (versus a $33.06 close) at Credit Suisse.
Estee Lauder Companies Inc. (NYSE: EL) was started as Outperform with an $82.00 price target (versus a $72.86 close) at Credit Suisse.
Great Plains Energy Inc. (NYSE: GXP) was raised to Buy, but up from an Underperform rating, and the price target was raised to $27 from $23 at Bank of America Merrill Lynch.
Vail Resorts Inc. (NYSE: MTN) was raised to Outperform from Neutral and the target price was raised to $81 from $71 at Credit Suisse, versus a $72.33 closing price.
Vipshop Holdings Ltd. (NYSE: VIPS) was started as Overweight at HSBC, and this is the highest price target of all analysts at $126.00.
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