This morning, Stifel Nicolaus increased its price target on shares of Cisco (NASDAQ:CSCO) to $28 as momentum coming from internal research and development efforts could fuel future earnings growth at the company. Shares of Cisco were higher by 0.7% on Thursday.
BMO raised its price target on shares of General Mills (NYSE:GIS) to $52 as the company is seeing better earnings and stronger margins. With the higher price target, BMO reiterated its outperform rating. Shares of General Mills were higher by 0.8% on the news.
And Wedbush Morgan increased its EPS estimates on shares of Bed, Bath & Beyond (NASDAQ:BBBY) through 2014 as the company will likely increase its share repurchase program. In the report, Wedbush increased its price target to $85 and maintained its outperform rating. Shares of Bed, Bath & Beyond were modestly lower today, trading just below $70 per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.