Analysts’ Ratings Reiterations for January, 31st (AMZN, BCS, EMN, GOOG, HBC, KEX, MAT, RHI, RIO, RYCEY)
Amazon.com (NASDAQ:AMZN) had its overweight rating reiterated by analysts at Morgan Stanley. The firm currently has a $435.00 target price on the stock. The analysts wrote, “US Remains a Beacon of Hope”. On Thursday, Amazon reported fourth quarter and full year 2013 results. Revenue and unit growth decelerated this quarter to 25% and 22% ex-FX, respectively. Morgan Stanley noted that International grew 15% ex-FX versus 20% last quarter due to Media, EGM, and other deceleration. Devitt commented on raise of the prime fee by $20-40. The analyst noted, “The company indicated the fee increase (the first since the program started in 2005) is needed to offset cost increases as Amazon.com has massively expanded the value provided to Prime members without a price increase. While the increase could cause limited churn, we believe that Prime remains one of the best values around for customers.”
Barclays (NYSE:BCS) had its sell rating reaffirmed by analysts at Berenberg Bank.
Barclays (NYSE:BCS) had its outperform rating reaffirmed by analysts at BNP Paribas.
Eastman Chemical (NYSE:EMN) had its buy rating reissued by analysts at Deutsche Bank. Deutsche Bank currently has a $95.00 target price on the stock.
Google (NASDAQ:GOOG) had its outperform rating reaffirmed by analysts at FBN Securities. FBN Securities currently has a $1,400.00 price target on the stock, up from their previous price target of $1,300.00. The analysts wrote, “GOOG” on April 2. The prior Class A shares will have the ticker “GOOGL”. Seyrafi noted that “the bull case keeps building” for Google. The analyst noted that paid click growth accelerated 31% Y/Y, the expected increase in profitability with Google selling Motorola to Lenova, and the acceleration of rest of world (ROW) and Network segments. FBN noted that the $0.20 EPS miss last quarter was due to weak Motorola Mobility results. With the announcement of the sale of Motorola Mobility on January 29, Lenova will pay $2.91 billion consisting of $660 million cash, $750 million in Lenova stock and a 41.5 billion three-year promissory note. The analyst commented, “We applaud this move as GOOG benefits in many ways: 1.) GOOG’s operating margin could benefit by as much as 5 percentage points as Motorola’s roughly – 20% to -30% operating margin was countering GOOG standalone operating margin of ~34% resulting in a blended ~29% operating margin. Now, operating margin may head toward 33-34%; 2.) GOOG’s relationship with Samsung, the #1 smartphone vendor with 31% unit share in CQ3 2013, may now improve as the relationship became strained after the GOOG/Motorola deal (Samsung responded by focusing a bit more on smartphones using its own Tizen OS); 3.) GOOG can still benefit by owning over 2,000 patents (only the phone business is being sold to Lenovo).”
HSBC (NYSE:HBC) had its neutral rating reissued by analysts at BNP Paribas.
Kirby Corp. (NYSE:KEX) had its positive rating reiterated by analysts at FBR Capital Markets.
Mattel (NYSE:MAT) had its sell rating reiterated by analysts at Goldman Sachs Group Inc..
Robert Half International (NYSE:RHI) had its buy rating reissued by analysts at Deutsche Bank. Deutsche Bank currently has a $46.00 price target on the stock.
Rio Tinto (NYSE:RIO) had its buy rating reaffirmed by analysts at Liberum Capital.
Rolls-Royce Group plc (NASDAQ:RYCEY) had its buy rating reiterated by analysts at Liberum Capital.
Standard Chartered (NASDAQ:SCBFF) had its neutral rating reissued by analysts at BNP Paribas.
Standard Chartered (NASDAQ:SCBFF) had its buy rating reiterated by analysts at Citigroup Inc..
Wynn Resorts (NASDAQ:WYNN) had its hold rating reaffirmed by analysts at FBR Capital Markets.
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