This morning, UBS increased its price target on shares of Aruba Networks (ARUN) to $19 as the company is seeing lower operating expenses as well as a lower tax rate. In the report, UBS also increased its EPS estimates, but maintained its neutral rating. Shares of Aruba Networks were higher by nearly 6% on the news.
Benchmark increased its EPS estimates on shares of Marvell Technology (MRVL) through 2015 as the company's earnings will grow with the release of new gaming consoles from Sony (SNE) and Microsoft (MSFT). In the report, Benchmark maintained its hold rating, but set a new $14 price target. Shares of Marvell were higher on the news, climbing 3.5% today.
And BMO Capital increased its price target on shares of Boston Scientific (BSX) to $12 as the recent acquisition will add to earnings. In the report, BMO maintained its market perform rating. Shares of Boston Scientific higher today, gaining 0.2% and inching towards the new price target.
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.