Analysts’ Upgrades for September, 20th (ADP, BHP, BTG, IACI, NGLOY, PM, SOUHY, SRPT, TKTCY, TSGTY)
Automatic Data Processing (NASDAQ:ADP) was upgraded by analysts at Vetr from a buy rating to a strong-buy rating. The firm currently has $97.00 price target on the stock.
BHP Billiton (NYSE:BHP) was upgraded by analysts at Macquarie from a neutral rating to an outperform rating.
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B2Gold Corp (NYSE:BTG) was upgraded by analysts at Dundee Securities from a neutral rating to a buy rating.
IAC/InterActiveCorp (NASDAQ:IACI) was upgraded by analysts at Wells Fargo & Co. from a sector perform rating to an outperform rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.
Anglo American plc (OTCMKTS:NGLOY) was upgraded by analysts at Macquarie from an underperform rating to a neutral rating.
Philip Morris International (NYSE:PM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $111.00 price target on the stock. According to Zacks, “There have been slight upward revision in estimates after Philip Morris posted mixed results in the first half of 2016. Though earnings and sales declined year over year, the results showed improvement upon excluding unfavorable currency impact. The improvement was backed by strong pricing power and better-than-expected volume growth. The extended agreement with Altria regarding the technology sharing and distribution of e-vapor products is also commendable. The company’s unconventional cigarette iQOS (device that provides nicotine hit by heating tobacco instead of burning it) launched nationwide also received favorable response. Moreover, Philip Morris is increasing its foothold in emerging markets through strategic buyouts. However, strict anti-smoking regulations by governments across the world and currency headwinds remain concerns.”
SOUTH32 LTD SPON ADR EA REPR 5 (OTCMKTS:SOUHY) was upgraded by analysts at Macquarie from an underperform rating to an outperform rating.
Sarepta Therapeutics (NASDAQ:SRPT) was upgraded by analysts at SunTrust Banks Inc. to a reduce rating. They currently have $48.00 price target on the stock, up from their previous price target of $4.00.
TalkTalk Telecom Group PLC (NASDAQ:TKTCY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $14.00 target price on the stock. According to Zacks, “TalkTalk Telecom Group PLC is engaged in the business of fixed line voice and broadband telecommunications in the UK. The Company offers voice telephony, including line rental, calls, and added value services, such as voicemail; broadband Internet access services comprising email; and dial-up Internet access services to residential customers under the TalkTalk and AOL brand names. It also offers voice, data services, telephony systems, and mobile services, as well as information technology networking and security services to business customers under the Opal brand name. TalkTalk Telecom Group PLC is headquartered in London, the United Kingdom. “
Tsingtao Brewery Company Limited (NASDAQ:TSGTY) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a buy rating. The firm currently has $22.00 price target on the stock. According to Zacks, “Tsingtao Brewery Company Limited engages in the production and distribution of beer products in the People’s Republic of China. The Company sells its beer under the trademark of TSINGTAO BEER. The company also engages in prepackaged food accommodation and design, manufacture and distribution of tea beverages. It also offers malt, car rental services, warehousing, packaging, logistic services and travel services. In addition, it imports and exports beer and involves in waste material recycling. Tsingtao Brewery Company Limited is based in Qingdao, the People’s Republic of China. “
Unilever (NYSE:UN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $51.00 price target on the stock. According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “
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