Stock Analysts’ Updated EPS Estimates for December, 18th (ADM, AMZN, BOOT, CE, CSX, CYH, DDR, EGL, FMC, IBCP)
Archer Daniels Midland (NYSE:ADM) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Archer Daniels has lagged the sector year to date mainly due to dismal surprise history. Notably, the company has lagged sales estimates for more than three years now, alongside delivering negative earnings surprise in eight of the last 10 quarters. Not surprisingly, the company’s top and bottom lines missed estimates and decline year over year in third-quarter 2017. However, going into the fourth quarter, the company is transitioning from a period of costs and investments in acquisitions, new innovation centers and facilities, to focusing on reducing capital spending and increasing benefits from investments. Further, the company remains on track to exceed its cost savings target of nearly $225 million for 2017. Moreover, it remains committed to strengthen capacities and geographic spread, via buyouts and other organic expansions. These factors and the prospects from Project Readiness, position it to deliver solid bottom line growth in 2017.”
Amazon.com (NASDAQ:AMZN) had its buy rating reissued by analysts at J P Morgan Chase & Co. J P Morgan Chase & Co currently has a $1,375.00 target price on the stock, up from their previous target price of $1,220.00.
Celanese (NYSE:CE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $118.00 target price on the stock. According to Zacks, “Celanese has outperformed the industry it belongs to over a year. Celanese’s strategic measures including operational cost savings through productivity actions should lend support to its earnings in 2017. The company should also gain from growth initiatives that include acquisitions and expansion in emerging regions. SO.F.TER. and Nilit acquisitions are expected to drive earnings in the Advanced Engineered Materials unit in 2017. Moreover, Celanese remains focused on returning value to shareholders.”
CSX (NASDAQ:CSX) was downgraded by analysts at TD Securities from a buy rating to a hold rating.
Community Health Systems (NYSE:CYH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Community Health’s shares have underperformed the industry in a year's time. Following lackluster third-quarter results, the company has lowered its 2017 earnings per share guidance. The company has seen a continuous decline in its revenues that have been putting pressure on the bottom line. The company has seen its Zacks Consensus Estimate for 2017 and 2018 earnings being revised in the past 60 days. However, the company is well poised for long term growth on the back of its inorganic strategies. The company’s frequent divestitures to streamline core operations have helped it lower its debt burden. As a part of their restructuring plan, the company has started taking up certain corrective measures in order to bring improvement to its top line.”
DDR (NYSE:DDR) had its sell rating reiterated by analysts at Boenning Scattergood.
Engility (NYSE:EGL) was downgraded by analysts at Drexel Hamilton from a buy rating to a hold rating.
FMC (NYSE:FMC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $101.00 price target on the stock. According to Zacks, “FMC Corp. has outperformed the industry it belongs to over a year. The company is seeing strong demand in its Lithium unit and is expanding production capacity to meet growing demand for electric vehicles. The acquisition of a major portion of DuPont's Crop Protection business has also provided a significant growth platform for the company's Agricultural Solutions unit. The company should also gain from its efforts to expand product portfolio.”
Independent Bank Co.(MI) (NASDAQ:IBCP) was upgraded by analysts at Compass Point from a neutral rating to a buy rating.
Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by analysts at Royal Bank of Canada from a sector perform rating to an outperform rating.
Kraft Heinz (NASDAQ:KHC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Kraft Heinz’s cost savings have led to better profits amid a soft sales environment. The company expects between $1.7 billion and $1.8 billion of cumulative Integration Program savings by the end of 2017, primarily focused on work-force reductions, factory closures and consolidations. Also, with growing awareness of the nutritional value of food products, the company is emphasizing on organic ingredients, reshaping its existing products and expanding into new categories. However, continued softness in sales weighed on the company’s performance leading to its shares losing 8.9% year to date, more than its industry loss of 5.5%. Also, the trend in 2017 and 2018 earnings estimate revisions is not satisfactory as it has remained stable over the past 30 days.”
Kohl's (NYSE:KSS) had its buy rating reaffirmed by analysts at Jefferies Group LLC.
MCBC (NASDAQ:MCFT) had its buy rating reissued by analysts at B. Riley. B. Riley currently has a $28.00 price target on the stock, up from their previous price target of $24.00.
NetGear (NASDAQ:NTGR) was upgraded by analysts at Raymond James Financial, Inc. from a market perform rating to an outperform rating.
Verifone Systems (NYSE:PAY) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “VeriFone’s fourth-quarter fiscal 2017 results benefited from strong revenue growth in Latin America and Europe, Middle East and Africa. However, the company’s business has been affected by macroeconomic headwinds in emerging markets, which has resulted in increased pricing pressure for the company. Increasing competition and sluggishness in the Asia-Pacific and North America regions also poses concern. Divestitures of the Petro Media and the Taxi businesses will hurt top-line growth in the near term. Given the highly leveraged balance sheet, higher interest rate on its debt is also expected to continue to negatively impact profitability. Shares have underperformed the broader industry on a year-to-date basis. However, the company’s focus on strengthening its product portfolio and increasing clientele will likely be a key growth driver going ahead.”
PG&E (NYSE:PCG) had its neutral rating reissued by analysts at Citigroup Inc..
Constellation Brands (NYSE:STZ) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $249.00 price target on the stock. According to Zacks, “Constellation Brands has surpassed the broader industry year to date, backed by superb surprise history and constant brand-building efforts. The company has been gaining from its efforts to drive consumer demand for its robust brand portfolio. Also, focus on buyouts and continued strength in the beer business has been fuelling its results. Thanks to these endeavours, the company marked its 17th straight quarter of year-over-year earnings growth and 12th straight positive surprise in second-quarter fiscal 2018. The splendid results marked by significant market share gains, solid execution and strong free cash flow keeps management encouraged. Driven by these factors and confidence in its beer segment, management raised its earnings view for fiscal 2018 and operating income target for the beer segment. However, stiff competition and higher taxes remain concerns. Also, the company remains exposed to macroeconomic headwinds.”
Teva Pharmaceutical Industries (NYSE:TEVA) had its neutral rating reiterated by analysts at UBS AG. UBS AG currently has a $20.00 price target on the stock, up from their previous price target of $12.00.
Urban Outfitters (NASDAQ:URBN) had its buy rating reissued by analysts at Jefferies Group LLC. Jefferies Group LLC currently has a $40.00 target price on the stock.
Vipshop (NYSE:VIPS) was upgraded by analysts at Daiwa Capital Markets from a hold rating to a buy rating.
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