Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares gained almost 4% after Lazard raised its price target on the stock to $56 from $42. The stock has plunged almost 35% in the last year; however, most of analysts have maintained a positive outlook on the company.
For Instance, eight analysts keep a “strong buy” buy rating on the stock, two have given “buy” rating, three maintain “hold” rating while one has kept on “sell” rating. Just last Tuesday the company announced its fiscal fourth quarter results that comfortably topped Street’s consensual estimates.
The company also provided a robust guidance both on current quarter and next fiscal earnings. For the fiscal fourth quarter ended September 29, Green Mountain reported profit of $91.9 million or 58 cents a share up from $75.4 million or 47 cents a share, in the year earlier quarter.
Deckers Outdoor Corp (NASDAQ: DECK) shares rallied nearly 8 percent mid-day trade on Monday after Sterne Agee said that the footwear and outdoor-apparel maker’s improved product offerings “are likely to improve materially” in the late half next year even as sale and margins will feel pressure in the first half of 2013. The firm upgraded the stock to “buy” rating from “neutral” rating and set the target price at $65.
Supervalu Inc. (NYSE: SVU) shares gained nearly 6.5 % by mid-day trade on Monday after news emerged in the Wall Street Journal that private equity firm Cerberus Capital Management LP showed interest in pursuing multiple deals with the grocer, which includes acquisition of troubled company’s whole business or one of the chains such as Albertsons Stores, according to sources familiar with the situation.
Health Management Associates, Inc (NYSE: HMA) shares slumped 4.80% after 60 minutes aired a show on Sunday, titled ‘Hospitals’ in which doctors alleged that hospital chain pressurized them to admit patents notwithstanding their medical needs. However, the Hospital Chain said that report was biased as it only held interviews with some of the disgruntled former employees. The company alleged that several of them are seeking financial gains through litigating against the company. Earlier in October, Health Management Associates said its third-quarter earnings contracted 5.5% as the hospital chain revenue was hurt by derivatives impacts and other items. However it also said that admissions at continuing operations rose 4% from the year earlier quarter and surgeries climbed19% in the same period.
Dell Inc. (NASDAQ: DELL) shares climbed 4.50 percent after Goldman Sachs raised its outlook on the stock to “buy” from “sell” rating.
Sucampo Pharmaceuticals Inc. (NASDAQ: SCMP) shares slumped almost 8 percent after the company said the U.S. Food and Drug Administration has extended the period by three months for reviewing company’s Amitiza drug to cure opioid- induced constipation in patients suffering from chronic, non-cancer pain. The FDA has decided to extend the goal date to give itself sufficient time for a comprehensive review of supportive analyses that it had asked for.
Verizon Communications Inc (NYSE: VZ) was upgraded by Nomura from “neutral” to “buy”, citing telecom company’s “super execution” will help enhancing the profitability in future.
Verizon shares are marginally higher in mid-day trading following the rating upgrade.
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