Stocks and Shares - Analysts U.S. Stock Picks
Nike Inc. (NKE) upgraded to outperform from neutral by R.W. Baird analyst Mitch Kummetz. According to Kummetz the shift in foreign exchange could lead to a low single-digit change in the 2010 sales outlook. He is encouraged that athletic footwear continues to do relatively well, and says Nike brands should continue to take market share.He raised his $3.52 fiscal 2010 EPS estimate to $3.60, and his $3.89 fiscal 2011 forecast to $4.04. He increased his $61 target price to $69.
Exide Technologies (XIDE) downgraded to neutral from buy by Merriman Curhan
Kenexa Corp. (KNXA) upgraded to outperform from neutral by Cowen
Peter Goldmacher from Cowen raised his $0.61 2009 EPS estimate, on $152 million in revenue, to $0.66 on $156 million, above.
He pointed out that Kenexa is trading at 1.5 times enterprise value/sales. He also believes consensus estimates are overly conservative.
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