Stock Analysts’ Updated EPS Estimates for September, 20th (AAPL, ACAT, ACLS, APH, BABA, EXEL, FWRD, GERN, JBL, KEX)
Apple (NASDAQ:AAPL) had its market perform rating reiterated by analysts at Wells Fargo & Co.. Wells Fargo & Co. currently has a $112.50 target price on the stock.
Arctic Cat (NASDAQ:ACAT) had its hold rating reiterated by analysts at Wells Fargo & Co..
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Axcelis Technologies (NASDAQ:ACLS) had its buy rating reiterated by analysts at Needham & Company LLC. They currently have a $15.00 target price on the stock.
Amphenol Corp. (NYSE:APH) had its top pick rating reiterated by analysts at RBC Capital Markets. RBC Capital Markets currently has a $66.00 price target on the stock, up from their previous price target of $65.00.
Alibaba Group Holding (NYSE:BABA) had its buy rating reissued by analysts at Bank of America Corp.. The firm currently has a $117.00 price target on the stock, up from their previous price target of $110.00.
Exelixis (NASDAQ:EXEL) had its outperform rating reaffirmed by analysts at Leerink Swann. They currently have a $12.00 target price on the stock.
Forward Air Corp. (NASDAQ:FWRD) had its price target lowered by Cowen and Company from $50.00 to $48.00. Cowen and Company currently has a market perform rating on the stock.
Geron Corp. (NASDAQ:GERN) had its neutral rating reaffirmed by analysts at BTIG Research.
Jabil Circuit (NYSE:JBL) had its buy rating reaffirmed by analysts at Needham & Company LLC. Needham & Company LLC currently has a $23.00 price target on the stock.
Kirby Corp. (NYSE:KEX) had its sell rating reaffirmed by analysts at Wells Fargo & Co.. The analysts wrote, “We looked at every competitor with at least 100 tank barges as potential M&A scenarios – ie. (names we think are large enough to move the needle for KEX), and narrowed it down to the 3-4 options we believe are the most viable. That list includes Ingram, Higman Marine, Blessey Marine Services, and American River Tankers – with Higman Marine making the most sense to us. Specifically, we screened for ownership structure, debt profile/balance sheet strength, market position/growth pipeline (is the firm currently expanding), and fleet size/diversification. Have Inland Pricing Dynamics Shifted Since Our July Downgrade? Not materially. We do not believe this summer’s flooding issues had a meaningful impact on pricing/available capacity, and all indications suggest that the inland barge market remains subdued near its July lows.””
Lam Research Corp. (NASDAQ:LRCX) had its buy rating reiterated by analysts at Needham & Company LLC. Needham & Company LLC currently has a $105.00 price target on the stock.
Lexicon Pharmaceuticals (NASDAQ:LXRX) had its outperform rating reiterated by analysts at Wedbush. The firm currently has a $33.00 price target on the stock.
Mednax (NYSE:MD) had its buy rating reaffirmed by analysts at Mizuho. They currently have a $79.00 price target on the stock.
Murphy USA (NYSE:MUSA) had its buy rating reiterated by analysts at Wells Fargo & Co..
Ophthotech Corp. (NASDAQ:OPHT) had its buy rating reiterated by analysts at BTIG Research. BTIG Research currently has a $92.00 target price on the stock.
Pandora Media (NYSE:P) had its buy rating reiterated by analysts at SunTrust Banks Inc.. SunTrust Banks Inc. currently has a $18.00 target price on the stock.
Paypal Holdings (NASDAQ:PYPL) had its buy rating reiterated by analysts at Jefferies Group. They currently have a $48.00 price target on the stock.
SeaWorld Entertainment (NYSE:SEAS) had its outperform rating reissued by analysts at FBR & Co. The firm currently has a $15.00 price target on the stock.
Sarepta Therapeutics (NASDAQ:SRPT) had its strong-buy rating reiterated by analysts at WBB Securities. They currently have a $60.00 target price on the stock, up from their previous target price of $40.00.
Macquarie began coverage on shares of Silver Standard Resources (NASDAQ:SSRI). They issued an outperform rating on the stock.
Virco Manufacturing Corp. (NASDAQ:VIRC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “
Vectren Corp. (NYSE:VVC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Vectren Corp., through its regulated subsidiaries Indiana Gas and SIGECO, offers gas and/or electricity to customers in adjoining service areas that cover nearly two-thirds of Indiana. Vectren’s non-regulated subsidiaries currently offer energy-related products and services, including energy marketing, fiber-optic based communication services, and utility related services including materials management, debt collections, locating, meter reading and trenching services to customers throughout the surrounding region. (PRESS RELEASE) “
WebMD Health Corp. (NASDAQ:WBMD) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing. “
Wells Fargo & Co. (NYSE:WFC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Wells Fargo’s troubles continue to deepen following its $190-million settlement to resolve regulators’ claims of illegally opening millions of unauthorized accounts. The company currently faces huge criticism as the bank’s employees resorted to unethical sales practices to meet their aggressive internal sales targets. The bank has terminated the concerned employees and is taking necessary steps to address the issue. However, the fallout from the scam does not only include potential lawsuits and further probes but also tarnishes the reputation of one of the largest banks of the nation. While the company’s growth profile remains well positioned, given its strong geographic footprint and solid business mix, the low interest rate environment continues to weigh on margin.”
Willbros Group (NYSE:WG) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Willbros Group, Inc. is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage. “
Willis Towers Watson PLC (NASDAQ:WLTW) had its buy rating reiterated by analysts at Jefferies Group. The firm currently has a $140.00 price target on the stock.
Advanced Drainage Systems (NYSE:WMS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio. “
Worthington Industries (NYSE:WOR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Worthington Industries is one of the leading diversified metal processing companies. The company is one of North America’s premier value-added steel processors and one of the leaders in manufactured metal products such as automotive aftermarket stampings, pressure cylinders, metal framing, metal ceiling grid systems and laser welded blanks. (Company Press Release) “
Zendesk (NYSE:ZEN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California. “
Olympic Steel (NASDAQ:ZEUS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “OLYMPIC STEEL INC. is a specialized steel service center that processes and distributes flat- rolled carbon, stainless and tubular steel products. Co. operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. Co. purchases flat-rolled steel typically from steel producers and responds to its customers’ needs by processing steel to customer specifications and by providing critical inventory and just-in-time delivery services. “
Zhejiang Expressway Co. (NASDAQ:ZHEXY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Zhejiang Expressway Co., Ltd operates as an infrastructure company primarily engaged in operating and development of and investment in high grade roads in The Peoples’ Republic of China. Its operations include construction, design, toll collection, maintenance, and management of and the provision of technical consultation and ancillary services to high-grade roads; ancillary services for high-grade roads such as gas station along the road, car rescue, car wash, warehousing, food and beverage, advertising. Major assets under management include Shanghai-Hangzhou-Ningbo Expressway, Shangsan Expressway, ancillary facilities along the two expressways, and Zheshang Securities. Zhejiang Expressway Co., Ltd is headquartered in Hong Kong, Hong Kong. “
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