Equities Research Analysts’ Ratings Reiterations for August, 19th (AFFX, BRGYY, CRH, EPD, FMX, HMY, IMPV, IRBT, JCP, KSS)
Affymetrix (NASDAQ:AFFX) had its outperform rating reiterated by analysts at Zacks. The firm currently has a $11.00 price target on the stock. Zacks’ analyst wrote, “Affymetrix posted a robust 75% rise in adjusted earnings to $0.07 for the 2014-second quarter and topped the Zacks Consensus Estimate by $0.04. It was the fifth consecutive quarter in which Affymetrix was able to maintain its earnings momentum after a period of continued losses. The company’s restructuring plan to focus on high growth markets is finally paying off as demonstrated by the bottom line growth in the quarter. Despite a tight academic funding environment, new products and acquisitions along with accretive agreements should propel growth. As such, we continue with our Outperform recommendation and set a target price of $11.00.”
BG Group plc (NASDAQ:BRGYY) had its buy rating reaffirmed by analysts at Deutsche Bank.
CRH PLC (NYSE:CRH) had its hold rating reaffirmed by analysts at Liberum Capital.
Enterprise Products Partners L.P. (NYSE:EPD) had its neutral rating reissued by analysts at Zacks. Zacks currently has a $81.00 price target on the stock. Zacks’ analyst wrote, “We are maintaining our Neutral recommendation for Enterprise Products Partners following its second-quarter 2014 earnings results. Going forward, this MLP’s large scale and diverse asset base, robust coverage ratio of 1.6x and multi-billion dollar projects under construction support meaningful distribution growth. Moreover, Enterprise Products Partners hiked its cash distribution by 5.9% in the second quarter and deployed cash in various fee-based development projects. However, the partnership’s earnings and revenues missed the Zacks Consensus Estimate. We remain apprehensive about the lower pricing environment for natural gas liquids (NGL). Enterprise Products Partners also remains vulnerable to macro conditions, and unstable oil and gas prices, which could hurt its margins in NGL, natural gas and other businesses.”
Fomento Economico Mexicano (NYSE:FMX) had its neutral rating reissued by analysts at Zacks. They currently have a $100.00 price target on the stock. Zacks’ analyst wrote, “We are disappointed with FEMSA’s lackluster bottom-line results for second-quarter 2014. The company’s earnings were mainly battered by a fall in Heineken’s second-quarter 2014 net income, increased financing expenses resulting from the bonds issued by Coca-Cola FEMSA and unfavorable foreign exchange rates. Further, we believe that continued regulatory pressure can lead to significant attrition in the Mexican soda market, which can have a material impact on FEMSA’s business. Despite all these negative factors, we have maintained our Neutral recommendation on the stock as we are optimistic about the company’s initiatives directed toward top-line growth. We note that FEMSA has been diversifying its retail chain format operations and acquiring businesses across Latin America. Moreover, the company has been aggressively expanding its store base which we believe will help it in boosting its top-line.”
Imperva (NASDAQ:IMPV) had its hold rating reaffirmed by analysts at Deutsche Bank. Deutsche Bank currently has a $30.00 target price on the stock.
iRobot (NASDAQ:IRBT) had its neutral rating reiterated by analysts at Zacks. Zacks currently has a $36.00 target price on the stock. Zacks’ analyst wrote, “iRobot reported adjusted earnings of $0.21 per share, flat year over year. Revenues increased 7% year over year to $140 million due to strong sales in the Home Robots segment, which is anticipated to grow significantly in the coming quarters as well. Moreover, the company expects to benefit from its Defense and Security Robots segment too. Also, recently launched products will enable the company to generate significantly higher market share in the coming quarters. However, in spite of these factors, the company faces increasing socio-economic and foreign exchange transaction risks. At the same time, the company’s dependence on the U.S. federal government raises our concern. Based on these factors, we maintain our Neutral recommendation on the stock.”
Kohl's Co. (NYSE:KSS) had its neutral rating reaffirmed by analysts at Zacks. The firm currently has a $60.00 price target on the stock. Zacks’ analyst wrote, “Kohl’s second quarter 2014 earnings of $1.13 per beat the Zacks Consensus Estimate and prior year results by 5.6% 9.0% respectively. Net sales dipped 1.1% and also missed the Zacks Consensus Estimate due to a challenging retail environment and a decline in comparable sales. While gross margin expanded due to lower costs of merchandise, operating margin declined due to higher operating expenses particularly higher e-commerce costs. Overall we have faith in the company’s strong fundamentals. Kohl’s has a solid brand portfolio, a growing e-commerce business, a strong balance sheet, and impressive dividend yields. However, an anticipated increase in commodity costs and the continued sluggish retail environment are concerns. We thus remain Neutral on the stock. “
QUALCOMM (NASDAQ:QCOM) had its buy rating reaffirmed by analysts at Deutsche Bank.
SolarCity Corp (NASDAQ:SCTY) had its sell rating reiterated by analysts at S&P Equity Research. The firm currently has a $39.46 target price on the stock, down from their previous target price of $47.65.
Signet Jewelers (NYSE:SIG) had its buy rating reaffirmed by analysts at Deutsche Bank.
Wood Group John Plc (NASDAQ:WDGJF) had its hold rating reissued by analysts at Liberum Capital.
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