Friday’s Stocks to Watch: Oracle, Research In Motion

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Here are a few stocks to keep on your radar:

  • Oracle (NASDAQ:ORCL) shares rose 4.1% to $33.45 in early Friday trading after the company beat third-quarter earnings estimates, raised its quarterly dividend and offered a fourth-quarter profit forecast that was above Wall Street’s estimates. Stifel Nicolaus raised its price target on the stock to $38 from $36.
  • Shares of Research In Motion (NASDAQ:RIMM) slumped 10% to $57.67 after the company issued a fourth-quarter earnings report late Thursday that included a disappointing first-quarter forecast. Robert W. Baird downgraded the stock to underperform and lowered its price target to $47 from $60.
  • Accenture (NYSE:ACN) was up 6.3% to $55.22 after the company beat fiscal second-quarter earnings and revenue estimates and guided analysts higher for its full-year profit and revenue. Stifel Nicolaus raised its price target on the stock to $65 from $59.
  • Darden Restaurants (NYSE:DRI) slipped 1.8% after the company beat third-quarter earnings estimates. The company expects fiscal 2011 same-restaurant combined sales growth of 1.5% to 2% for its Red Lobster, Olive Garden and LongHorn Steakhouse stores.
  • Body Central (NASDAQ:BODY) shares jumped nearly 21% to $21.90 after the company missed fourth-quarter earnings estimates but guided the Street higher for its first-quarter earnings and revenue. Oppenheimer raised its price target on the stock to $25 from $20.

Article printed from InvestorPlace Media, https://investorplace.com/2011/03/fridays-stocks-to-watch-oracle-research-in-motion/.

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