Barron’s Stock Mentions to Watch: TGT, PETM, PNC, JOE, MET, RIMM, AAPL, CCME

Target (TGT) – If the world, and the American consumer, continue to forgo their many
invitations to collapse, then shareholders of Target (ticker: TGT) should be
amply rewarded.

PetSmart (PETM) – Barron’s(3/7) A Return Visit To Earlier Stories: Barking Up The Right Tree
Another reason for investors’ optimism is that PetSmart (ticker: PETM) has
redirected itselfto become “a better merchant,” as JPMorgan analyst Chris
Horvers puts

PNC Financial (PNC) – The stock trades at 1.1 times book, versus a historical median of 1.5. But the
stock’s stagnation looks like an opportunity for investors; one bull says the
shares could rise 25% over the next 12 months.

St. Joe (JOE) – Barron’s(3/7) St. Joe Project: More Sinner Than Winner
The shake-up last week at St. Joe, which gave control of the big, controversial Florida landowner to investor Bruce Berkowitz of Fairholme Funds, does nothing to solve the company’s basic problems: a weak real-estate market in the Florida Panhandle — known to boosters as the Emerald Coast, to the less charitable as the Redneck Riviera.

MetLife (MET) – A Strong Future On Offer Morgan Stanley analyst Nigel Dally upgraded his rating on MetLife to Overweight from Equal Weight and set a price target of $57.

Reasearch in Motion (RIMM), Apple ( AAPL) – Barron’s(3/7) Plugged In: A Serious Challenge To IPad2
While the PlayBook has been much viewed since the Las Vegas Consumer Electronics Show in January, few have actually gotten to test a unit. But now, with most of the operating bugs removed, RIM is opening the gate. Along with a clutch of reporters, including techies, business types and even a fashion columnist, I was allowed to sit down in the relative peace of a cafe in New York’s Meatpacking District and actually play with a PlayBook for a couple of hours. And I loved it!!

China MediaExpress (CCME) – Barron’s interviews Carson Block, the bearish founder of Muddy Waters Research, on problems in the market for Chinese reverse-merger companies.

By Timothy Kelleher

Disclosure: No relevant positions

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