J.P. Morgan Expects Strong Quarter From ACTG

J.P. Morgan is maintaining its Overweight rating and its price target of $40 on Acacia Research Corp. ACTG in its 1Q11 preview of the company's results, to be released Wednesday, April 20. Says J.P. Morgan, in its report, “Going into ACTG results next week, we expect management tone to remain constructive, and we sense that there is upside to our broadly unchanged 2011-2012 forecast, particularly if the firm is able to secure seven planned comprehensive licensing deals in 2011-2012 versus our conservative forecast of just four.” ACTG closed Friday at $36.94.