Investment Analysts’ Upgrades for September, 4th (AVAV, CSL, CSRT, DKS, GOL, IACI, ILIAY, INFI, ITYBY, SAA)
AeroVironment (NASDAQ:AVAV) was upgraded by analysts at Benchmark Co. from a hold rating to a buy rating.
CSL Limited (ASX:CSL) was upgraded by analysts at Deutsche Bank to a buy rating. They currently have $76.50 target price on the stock.
Consort Medical plc (LON:CSRT) was upgraded by analysts at Numis Securities Ltd to a buy rating. They currently have GBX 1,120 ($18.59) price target on the stock, up from their previous price target of GBX 940 ($15.60).
Dicks Sporting Goods (NYSE:DKS) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $48.00 target price on the stock. Zacks’ analyst wrote, “We have upgraded our long-term recommendation on DICK’S Sporting to Neutral based on better-than-expected second-quarter fiscal 2014 results and an impressive outlook for the third quarter. The company’s growth prospects appear promising, as we believe that the strategic measures of consolidating its store base and using technology to provide better services will enhance its relationship with the present customers and attract new ones at the same time. Moreover, we appreciate the company’s decision of reducing exposure to underperforming categories such as golf and hunting businesses which will allow it to concentrate on other growing categories. However, the stock remains vulnerable to sluggish economic recovery and cautious consumer spending. Moreover, risks of sourcing merchandise from overseas markets may drag the company’s results going forward.”
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating. The firm currently has $8.20 target price on the stock, up from their previous target price of $7.00. The analysts wrote, “We expect strong 2H14e (8.0% EBIT margin) and 2015e (9.0% EBIT margin). With weak numbers since 2011, we now see GOL’s EBIT margin back to a high-single-digit level of 9.0% next year on a combination of (1) capacity discipline with available seat kilometers (ASK) up only 1% y/y, (2) higher yield/load factor gains, and (3) stable costs without Brazilian real or fuel pressures. In our view, investors should buy GOL to benefit from margin expansion, positive FCF, and earnings in 2015e.”
IAC/InterActiveCorp (NASDAQ:IACI) was upgraded by analysts at Barclays from an equal weight rating to an overweight rating. Barclays currently has $87.00 target price on the stock, up from their previous target price of $72.00.
Iliad S A (NASDAQ:ILIAY) was upgraded by analysts at Raymond James from an underperform rating to an outperform rating.
Infinity Pharmaceuticals (NASDAQ:INFI) was upgraded by analysts at JMP Securities from a market perform rating to an outperform rating. They currently have $24.00 target price on the stock.
Imperial Tobacco Group PLC (NASDAQ:ITYBY) was upgraded by analysts at BNP Paribas from an underperform rating to an outperform rating.
Loews (NYSE:L) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $46.00 price target on the stock. Zacks’ analyst wrote, “We are upgrading Loews to Neutral from Underperform on favorable second quarter results wherein earnings surpassed the Zacks Consensus Estimate as well as year-ago earnings. The quarter witnessed higher earnings at CNA Financial and an increase in parent company investment income driven by improved performance of the trading portfolio. However, lower earnings at Diamond Offshore limited the upside. Loews remains on track to strengthen its hotel business by doubling its hotel count within the next two to four years and expects to triple its net income by 2015. Though Diamond Offshore continues to improve its fleet, a weakening ultra-deepwater and deepwater market will dampen results. Boardwalk remains on track to expand existing pipeline infrastructure as market condition improves. The acquisitions of HP Storage and Louisiana Midstream support its strategy to focus on diversification, to become less dependent on its base gas transportation business. A strong balance sheet with low leverage and adequate cash and strong rating scores are among the positives. “
M&C Saatchi Plc (LON:SAA) was upgraded by analysts at Numis Securities Ltd to a buy rating. Numis Securities Ltd currently has GBX 369 ($6.12) target price on the stock.
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