Research Analysts’ Ratings Reiterations for August, 28th (ASCO, BRGYY, ESYJY, HGG, HZN, LEA, MLD, NTC, PLPM, TEL)
Ascot Mining Plc Lon (LON:ASCO) had its buy rating reissued by analysts at Canaccord Genuity.
BG Group plc (NASDAQ:BRGYY) had its buy rating reiterated by analysts at Beaufort Securities.
Easyjet Plc (NASDAQ:ESYJY) had its buy rating reissued by analysts at Jefferies Group.
hhgregg (NYSE:HGG) had its underperform rating reissued by analysts at Zacks. The firm currently has a $6.75 price target on the stock. Zacks’ analyst wrote, “hhgregg reported weak results in the first quarter of fiscal 2015. Adjusted loss of $0.36 per share was wider than the prior year loss of $0.04 and the Zacks Consensus Estimate of a loss of $0.16. The loss was primarily due to double-digit drop in comps, higher advertising expenses and higher SG&A costs. hhgregg’s net sales declined 10% and also lagged the Zacks Consensus Estimate due to weak comps. Comps decreased in double-digits due to weakness in all product categories. Moreover, hhgregg did not provide a guidance for fiscal 2015 as the company is experiencing continued volatility in the consumer electronics industry. It is however working on its strategic initiatives to drive additional traffic. Also, gross margin improved in the quarter owing to a favorable product sales mix shift to product categories, carrying higher gross profit margin rates. But we still do have confidence in its operations until we see substantial improvement in all its categories.”
Horizon Oil (ASX:HZN) had its overweight rating reiterated by analysts at Commonwealth Bank.
Lear (NYSE:LEA) had its strong-buy rating reissued by analysts at S&P Equity Research.
Maca (ASX:MLD) had its buy rating reiterated by analysts at Hartley’s Research.
North American Tungsten (CVE:NTC) had its buy rating reiterated by analysts at Canaccord Genuity.
Planet Payment (NASDAQ:PLPM) had its buy rating reissued by analysts at Canaccord Genuity.
Telit Intern (LON:TEL) had its buy rating reissued by analysts at Canaccord Genuity.
Williams-Sonoma (NYSE:WSM) had its buy rating reiterated by analysts at Argus.
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