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Equities Research Analysts’ ratings reiterations for Thursday, February 13th:

Applied Materials (NASDAQ:AMAT) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $19.00 target price on the stock. Zacks’ analyst wrote, “Applied Materials is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. Applied’s first quarter earnings beat the Zacks Consensus Estimate by a penny on account of the strength in semiconductor-related sales. Though Applied continues to benefit from the proliferation of mobile devices, it was impacted by slowing sales in China. However, the strength in mobility platforms, TV capacity builds, the better utilization of resources and the recently-announced merger with Tokyo Electron are positives. We therefore have a Neutral recommendation on Applied shares.”

Angie's List (NASDAQ:ANGI) had its neutral rating reaffirmed by analysts at Bank of America. Bank of America currently has a $22.00 target price on the stock. The analysts wrote, “AL reported rev./GAAP EPS of $68.8mn/$$0.05 vs. the Street at $68.5mn/$0.15. EPS was negatively impacted by a legal accrual ($0.07), and EBITDA of $9.9mn was essentially in-line with our $9.6mn est. Importantly, AL indicated that 2014 op. margin should improve by 1,000bps y/y, which implies $2.9mn of EBITDA in 2014 vs. the Street at $21.1mn. AL plans to invest in 2014 in: 1) sales force expansion; 2) eCommerce marketplace; 3) diversifying its marketing spend; and 4) testing tiered membership plans. Despite positive cohort data and material progress toward profitability in 2013, 2014 is looking like a transition year with increased focus on eCommerce and sales force productivity.”

Baxter International (NYSE:BAX) had its neutral rating reissued by analysts at Zacks. Zacks currently has a $73.00 target price on the stock. Zacks’ analyst wrote, “Baxter’s 2013-fourth quarter adjusted earnings per share beat the Zacks Consensus Estimate by a penny despite being flat year-over-year. Revenues of $4,368 million were up 16.4% and topped the mark as well. We are impressed by optimistic financial guidance rendered by the company. Although expensive, the Gambro acquisition has long term prospects for Baxter. Further, a solid product pipeline and strategic collaborations, represents key value drivers for the company. However, we are concerned about integration-related risks along with a somber outlook for hospital. As a result, we reiterate our Neutral recommendation on Baxter with a target of $73.00.”

Cheesecake Factory (NASDAQ:CAKE) had its neutral rating reiterated by analysts at Zacks. They currently have a $48.00 target price on the stock. Zacks’ analyst wrote, “The Cheesecake Factory’s fourth quarter earnings and revenues missed the Zacks Consensus Estimate by 1.7% and 1.6%, respectively. However, both the metrics were up year over year. Despite being impacted by inclement weather, comps remained flat year over year at 0.9%. Going forward, we expect the company to remain well positioned with its pricing actions, introduction of a new menu and international expansion. However, continued underperformance of the Grand Lux Cafe and food cost inflation, though expected to ease in 2014, remain concerns. Therefore, we maintain our Neutral recommendation on the stock.”

CBS Corp (NYSE:CBS) had its buy rating reissued by analysts at UBS AG. The firm currently has a $73.00 price target on the stock, up from their previous price target of $67.00.

Colfax Corp (NYSE:CFX) had its neutral rating reaffirmed by analysts at Zacks. They currently have a $68.00 target price on the stock. Zacks’ analyst wrote, “Colfax reported impressive fourth-quarter 2013 results with adjusted earnings per share of $0.59, in line with the Zacks Consensus Estimate and way above the year-ago quarter’s earnings. Revenue increased 14% driven by solid organic growth and contribution from acquisitions. However, currency translation played a spoil sport and pulled down growth by 2.7%. Gas and Fluid Handling and Fabrication Technology segments reported 10% and 3% revenue growth respectively. Backlogs were strong at $1.6 billion, while orders grew 5.3%. Adjusted operating margin expanded 190 basis points to 10.6%. For 2014, management anticipates organic revenue growth in the range of 1-3% and earnings per share are anticipated within the $2.40 $2.65 range. The acquisition of CKD Kompresory a.s. and Global Infrastructure and Industry business will strengthen the company’s Howden line of business while Victor Technologies will support ESAB business. We currently maintain a Neutral recommendation on Colfax. “

CNO Financial Group (NYSE:CNO) had its outperform rating reissued by analysts at Zacks. They currently have a $21.00 target price on the stock.

Cisco Systems (NASDAQ:CSCO) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $24.00 price target on the stock. Zacks’ analyst wrote, “Cisco Systems is the leading provider of IP-based networking and other products. The company’s second-quarter earnings beat the Zacks Consensus Estimate by a penny. However, management provided a weak forward sales guidance. Despite a sluggish macro-environment and increasing competition, we are positive about the company’s market position, innovative prowess, product range, growth initiatives and dividend payout. Additionally, overall growth prospects remain positive because of the drive toward cloud computing and increasing data flow on carrier and computing networks. Given these factors and the reasonable valuation, we are reiterating our Neutral recommendation on CSCO shares. “

Deere & Co. (NYSE:DE) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $91.00 target price on the stock. Zacks’ analyst wrote, “Deere reported first quarter 2014 earnings of $1.81 per share, up 10% year over year. Quarterly sales increased 3% to $7.6 billion. Deere expects equipment sales to decrease around 2% year over year for the second quarter of fiscal 2014 and to decline 3% in fiscal 2014. Even though net farm income remains at high levels, farmer sentiment regarding capital goods purchases is becoming more conservative due to lower commodity prices. Deere will nevertheless benefit from recovery in construction sector and investment in Brazil. Furthermore, given its strong balance sheet, the company can continue to increase dividends and repurchase shares. Thus, we reiterate our Neutral recommendation on Deere with a target price of $91.”

Dr Pepper Snapple Group (NYSE:DPS) had its neutral rating reaffirmed by analysts at Zacks. They currently have a $52.00 target price on the stock. Zacks’ analyst wrote, “Dr Pepper’s fourth-quarter 2013 adjusted earnings of $0.97 per share beat the Zacks Consensus Estimate of $0.85 by 14.1%. Moreover, earnings increased 18.3% year over year due to pricing/productivity gains, lower taxes and a LIFO inventory benefit. However, sales continued to be soft due to weak CSD volumes and slow consumer spending environment. Missing the Zacks Consensus Estimate by 1.4%, net sales declined 1% year over year owing to 4% dip in volumes and unfavorable trade adjustments. Despite soft sales, we believe Dr Pepper has sound long-term fundamentals, commanding a strong position in the flavored CSD market. Moreover, the TEN platform to revive the CSD category looks promising. However, we believe this new initiative will take some time to deliver substantial results while impeding near-term earnings growth. Moreover, weak volumes and lack of exposure outside the U.S. remain persistent overhangs. We maintain our Neutral recommendation the stock.”

AGL Resources (NYSE:GAS) had its neutral rating reissued by analysts at Zacks. They currently have a $48.00 price target on the stock. Zacks’ analyst wrote, “AGL Resources is a premier electric utility with relatively low risk earnings growth and an expanding dividend that yields a solid 4.3%. Positioned in a niche industry with high barriers to entry, this energy services holding company enjoys near-monopoly status in its area of operation. On top of this, the utility’s best-in-class cost control and recession-proof business model presents a unique opportunity to own a safe stock. Sporting a low beta – translating into less volatility and a reasonable valuation, we see AGL Resources as a core holding in the energy infrastructure space. Considering these factors, we continue to rate the utility’s shares as Neutral. “

Lions Gate Entertainment Corp. (NYSE:LGF) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $34.00 price target on the stock.

MoneyGram International (NYSE:MGI) had its neutral rating reiterated by analysts at Zacks. The firm currently has a $19.00 price target on the stock.

Newell Rubbermaid (NYSE:NWL) had its neutral rating reissued by analysts at Zacks. The firm currently has a $32.00 price target on the stock. Zacks’ analyst wrote, “Bolstered by remarkable top-line growth and solid operating margins, Newell Rubbermaid reported strong results yet again. The company’s core sales growth marked the highest quarterly rise in recent years, driven primarily by improved sales in almost every segment and region. Further, we believe that Newell Rubbermaid’s Project Renewal program will help it to reduce the operating costs and complexities of the organization, while increasing investment in core business areas. However, despite these strong fundamentals, we remain slightly anxious about Newell’s future performance due to the sluggish economic recovery in the U.S. and a slowdown in the emerging markets. Moreover, we believe that Newell’s margins may be under pressure due to rising raw material prices. Therefore, our long-term Neutral recommendation on the stock remains in place.”

PHH Corp. (NYSE:PHH) had its positive rating reissued by analysts at Morgan Stanley. The analysts wrote, “Management is executing on its mortgage milestones, improving servicing profitability and exploring strategic options to enhance shareholder value. During the quarter, PHH resolved its repurchase backlog with the GSEs, is executing on alternative MSR funding strategies and is in the process of renegotiating / amending its private label securities (PLS) contracts. Going forward, PHH is taking decisive action to re‐engineer the mortgage business for the more challenging market conditions expected in the production business in 2014. Key focuses include: another planned expense reduction initiative aimed at removing another $110M in expenses relative to 2Q13 annualized run rate (on top of the $60M achieved), evaluation of new products, channels and inorganic growth opportunities in the production business, developing a separate MSR secured funding structure and continuing to amend PLS contracts (22% through).”

Spectra Energy Corp. (NYSE:SE) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $39.00 price target on the stock. Zacks’ analyst wrote, “Spectra Energy is one of North America’s premier natural gas infrastructure plays. It has a strong presence in growth markets, which should lead to value-creating investment opportunities in the coming years. Also the recent acquisition of the Express-Platte Pipeline System enabled the company to diversify its portfolio to a growing market of crude oil pipeline businesses. The company’s core fee-based businesses have the potential to move the needle towards solid earnings and cash flow growth. Management remains optimistic on its performance going forward on the back of its expansion program, which remains on track. With its market leading position, diversified asset portfolio and strong investment opportunities, we expect Spectra Energy to sustain the growth momentum. However, all these positives have already been reflected in its valuation, leaving little space for above-market gains. Thus our Neutral recommendation remains unchanged at this stage.”

Shaftesbury plc (LON:SHB) had its buy rating reiterated by analysts at Cantor Fitzgerald Europe. Cantor Fitzgerald Europe currently has a GBX 700 ($11.48) target price on the stock.

Shaftesbury plc (LON:SHB) had its buy rating reissued by analysts at Cantor Fitzgerald Europe. The firm currently has a GBX 700 ($11.48) price target on the stock.

Shaftesbury plc (LON:SHB) had its buy rating reissued by analysts at Cantor Fitzgerald Europe. The firm currently has a GBX 700 ($11.48) price target on the stock.

Shaftesbury plc (LON:SHB) had its buy rating reiterated by analysts at Cantor Fitzgerald Europe. They currently have a GBX 700 ($11.48) price target on the stock.

Shaftesbury plc (LON:SHB) had its buy rating reiterated by analysts at Cantor Fitzgerald Europe. The firm currently has a GBX 700 ($11.48) price target on the stock.

SPX Corp. (NYSE:SPW) had its overweight rating reiterated by analysts at Morgan Stanley. They currently have a $117.00 target price on the stock, up from their previous target price of $108.00. The analysts wrote, “After years of inaction, we had some issues with the ‘raise number’ button in our model. But with a bit of grease, we raise our FY14e by 4% to $5.37 and our PT ratchets up from $108 to $117. However, our base case SotP is higher suggesting scope for upside on further portfolio actions. Reiterate OW.”

Vale (NASDAQ:VALE) had its neutral rating reaffirmed by analysts at Zacks. Zacks currently has a $15.00 price target on the stock. Zacks’ analyst wrote, “Vale reported improved year-over-year production for most of its commodities in the third quarter of 2013. The company also engages in research and development projects which are expected to translate into higher revenues. The Brazilian economy is experiencing a rise in demand of metals and minerals, giving Vale a geographical advantage. The recent urbanization phase will also help raise demand for iron ore and base metals in the quarters ahead. Moreover, Vale is divesting its non-core assets in order to reduce costs. However, the company may face uncertainty in future operations owing to environmental regulations and policies. Moreover, the company’s presence in various regions poses foreign currency exchange risks. Thus, we prefer to remain on the sidelines and maintain a Neutral recommendation on the stock.”

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