Equities Research Analysts’ Updated EPS Estimates for October, 7th (BKEP, CLR, COR, CPYYY, CSII, CZZ, DLGNF, DNBHF, ECA, ESYJY)
DA Davidson started coverage on shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP). They issued a buy rating and a $7.20 price target on the stock.
Continental Resources (NYSE:CLR) had its buy rating reissued by analysts at Canaccord Genuity.
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Raymond James Financial Inc. began coverage on shares of CoreSite Realty Corp. (NYSE:COR). The firm issued a market perform rating on the stock.
Centrica PLC (OTCMKTS:CPYYY) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal rating.
JMP Securities began coverage on shares of Cardiovascular Systems (NASDAQ:CSII). They issued an outperform rating on the stock.
Cosan (NYSE:CZZ) was downgraded by analysts at Standpoint Research from a buy rating to a hold rating.
DIALOG SEMICONDUCT GBP0.10 (NASDAQ:DLGNF) was upgraded by analysts at Morgan Stanley from an equal rating to a weight rating.
DIALOG SEMICONDUCT GBP0.10 (OTCMKTS:DLGNF) had its sell rating reaffirmed by analysts at DZ Bank AG.
DNB ASA NOK10 (NASDAQ:DNBHF) was upgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an overweight rating.
Encana Corp. (NYSE:ECA) was downgraded by analysts at Societe Generale from a hold rating to a sell rating.
EASYJET SPON ADR EA REP 4 (NASDAQ:ESYJY) was downgraded by analysts at Bank of America Corp. from a buy rating to a neutral rating.
Etsy (NASDAQ:ETSY) had its target price boosted by Citigroup Inc. from $16.00 to $20.00. Citigroup Inc. currently has a buy rating on the stock.
Gap (NYSE:GPS) had its hold rating reissued by analysts at Stifel Nicolaus.
Host Hotels & Resorts (NYSE:HST) had its buy rating reaffirmed by analysts at Stifel Nicolaus. The firm currently has a $17.50 price target on the stock.
Iberiabank Corp. (NASDAQ:IBKC) was upgraded by analysts at Piper Jaffray Cos. from a neutral rating to an overweight rating. The firm currently has $78.00 target price on the stock, up from their previous target price of $65.00.
Janus Capital Group (NYSE:JNS) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Janus Capital’s estimates have been stable lately ahead of the company’s third-quarter 2016 earnings release. Recently, the company signed an ‘all-stock merger of equals’ with Henderson Group. Management expects the merger to be accretive to the earnings of both the companies in the first 12 months, excluding one-time cost of $165–185 million. Further, the increased economies of scale are likely to result in improved profitability and greater efficiency. Also, the company remains well positioned for competitive leverage growth, given its best-in-class investment boutique with potential for assets under management (AUM) improvement. However, the company’s profitability remains challenged by weak flows and negative performance fees. Moreover, the company’s equity-heavy portfolio makes it vulnerable to the equity market volatilities”
Monsanto (NYSE:MON) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Monsanto intends to improve its business on the back of Bayer’s all-cash buyout deal. However, the deal has yet not passed through any regulatory hurdles. Monsanto’s earnings and revenues are currently hurt due to some major headwinds. Weak agricultural product prices are lowering investments made by farmers, hence weighing the demand for agro-products offered by Monsanto. Moreover, a stronger U.S. dollar is boosting the power of smaller rivals in low-cost nations. Persistence of these two issues would further hamper Monsanto’s results in the quarters ahead. Also, unfavorable climatic conditions or any new government restriction introduced in the usage of genetically modified crops might adversely affect the company’s near term results.”
New Gold (TSE:NGD) had its sector perform rating reissued by analysts at Royal Bank Of Canada.
Raymond James Financial Inc. started coverage on shares of QTS Realty Trust (NYSE:QTS). They issued an outperform rating on the stock.
RWE AG (FRA:RWE) was given a €10.00 ($11.11) price target by analysts at Kepler Capital Markets. The firm currently has a a sell rating on the stock.
Stericycle (NASDAQ:SRCL) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Stericycle has a negative earnings surprise history, having missed estimates twice in the trailing four quarters. The recent spate of acquisitions is leading to higher overheads and integration-related expenses, which are weighing on margins. The company faces aggressive price wars that erode its profitability. Evolving environmental rules and regulations remain another headwind that alter its current method of doing business and ultimately increase costs and compress margins further. Stericycle also lowered its earnings guidance for 2016 due to macroeconomic challenges and unfavorable foreign exchange rates. Per its latest outlook, earnings are expected in the range of $4.68 to $4.75 per share, significantly down from $4.90 to $5.05 per share expected earlier. However, international growth rates are expected to accelerate due to increasing customer adoption of multiple services and expansion into new lines of business.”
Sandvine (TSE:SVC) had its target price boosted by Canaccord Genuity from C$3.75 to C$4.00.
Sandvine (TSE:SVC) had its target price increased by Royal Bank Of Canada from C$4.00 to C$4.20. Royal Bank Of Canada currently has an outperform rating on the stock.
Swedbank AB (NASDAQ:SWDBY) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating.
Teck Resources (TSE:TCK.B) was upgraded by analysts at Deutsche Bank AG to a buy rating.
Weibo Corp. (NASDAQ:WB) had its target price boosted by T.H. Capital from $38.00 to $60.00. The firm currently has a buy rating on the stock.
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