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Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
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Plum Creek reported strong second quarter 2012 results with earnings beating the Zacks Consensus Estimate by $0.04. In addition, the upsurge in demographic trends driving housing markets and demand for real estate properties across the country provides a strong economic backdrop for the company to demonstrate solid financial performance in the future.
Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. Our target price of $51.00, 45.9X 2012 EPS, reflects this view.
Read the full Analyst Report on PCL