BB&T, DaVita, Goldman Sachs, KKR, Wynn: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 8:40 a.m. in New York.
Aeroflex Holding Corp. (ARX) : The designer of radio frequency and microwave integrated circuits was lowered to “market perform” from “outperform” at Oppenheimer & Co.
BB&T Corp. (BBT) : The North Carolina bank that remained profitable through the financial crisis was cut to “reduce” from “neutral” at Nomura Securities, which said the company may perform worse than peers as economy expands while interest rates are still low and the housing market remains weak. Nomura reduced its 12-month price estimate to $26 from $27.
Continental Resources Inc. (CLR US) rose 0.4 percent to $68.50. Stifel Nicolaus & Co. raised the oil and gas reserves developer to “buy” from “hold” and gave it a price forecast of $76 a share. Stifel cited the company’s potential for production growth for “the coming few years.”
DaVita Inc. (DVA) : The provider of dialysis services got an “outperform” rating in new coverage by William Blair & Co.
Goldman Sachs Group Inc. (GS) fell 1.4 percent to $133.10. Oppenheimer & Co. cut its second-quarter profit estimate for the fifth-biggest U.S. bank by assets to $2.40 a share from $3.40.
Ixia (XXIA) plunged 20 percent to $10.45. The provider of test equipment for high-speed networks said second-quarter profit was 8 cents a share at most because of lower-than- expected revenue from the Asia Pacific region and from certain large equipment makers. Analysts had forecast a profit of 16 cents a share, according to the average of six estimates in a Bloomberg survey.
KKR & Co. (KKR US): The buyout firm got permission from the European Union to buy German phone and Internet company Versatel AG.
SemiLEDs Corp. (LEDS US) tumbled 15 percent to $5.30. The manufacturer of light emitting diode chips in Hsinchu, Taiwan, projected a fourth-quarter loss of at least 23 cents a share. Analysts had estimated a loss of 4 cents a share on average.
WD-40 Co. (WDFC) dropped 2.8 percent to $40.50. The San Diego-based maker of lubricants and hand soap posted third- quarter earnings of 47 cents a share, missing the 52 cent average of four estimates in a Bloomberg survey.
Wynn Resorts Ltd. (WYNN) : JPMorgan Chase & Co. raised its nine-month price estimate for the owner of the Wynn and Encore casinos to $174 from $158.
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