Equities Research Analysts’ Downgrades for October, 18th (LCI, TUWOY, TWX, UNVR, UNXL, VER, WATT, WK, WLB, WMT)
Lannett (NYSE:LCI) was downgraded by analysts at TheStreet to a hold rating.
Tullow Oil PLC (OTCMKTS:TUWOY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tullow Oil plc operates as an independent oil and gas exploration and production company in Europe. Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. Tullow Oil plc is headquartered in London, the United Kingdom. “
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Time Warner (NYSE:TWX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Time Warner’s initiatives such as foraying into new markets and digital endeavors bode well. This is quite evident from positive earnings surprise streak in the last 18 quarters, including earnings beat of 11.2% in second-quarter 2016. The company's investments in video content and technology continued to show results. Share repurchase activity and lower effective tax rate also provided cushion to the bottom line. Better-than-expected results prompted management to raise its full year earnings projection. Additionally, we believe that the company's investments in programming, production and marketing, coupled with its focus on operating and capital efficiencies augur well. However, decline in overall advertising spending and currency headwinds may adversely impact the company’s performance. Moreover, management expects to face tough comparisons in video games and TV licensing at Warner Bros. during the third quarter.”
Univar (NYSE:UNVR) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Uni-Pixel (NASDAQ:UNXL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Uni-Pixel, Inc is engaged in the design and development of polymer film materials and related technologies for the display, flexible electronics, and energy, transportation and entertainment industries. The Company’s patented technology, Time Multiplexed Optical Shutter (TMOS) technology, can be used in mobile phones, digital cameras, notebook computers, televisions, and other consumer electronic devices. Uni-Pixel, Inc is headquartered in The Woodlands, Texas. “
Vereit (NYSE:VER) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States. “
Validus Holdings (NYSE:VR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion. “
Energous Corp. (NASDAQ:WATT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California. “
Workiva (NYSE:WK) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “
Westmoreland Coal (NASDAQ:WLB) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Westmoreland Coal Company’s principal activities are: the production and sale of coal from the Powder River Basin in eastern Montana; the ownership of interests in cogeneration and other non-regulated independent power plants; and the leasing of capacity at Dominion Terminal Associates, a coal storage and vessel loading facility. “
Wal-Mart Stores (NYSE:WMT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Estimates have been declining since past 30 days period after Wal-Mart reported its second quarter fiscal 2017 results. While both earnings and revenues exceeded the Zacks Consensus Estimate, unfavorable currency and higher investments in wages and e-commerce activities took a toll on the company’s results. Encouragingly, Wal-Mart is focused on its building its e-commerce capabilities, as evidenced by its recent deal with JD.com in China and Jet.com acquisition in the U.S. The company has also raised its earnings guidance to reflect the Jet.com acquisition. However, huge investments in e-commerce initiatives and higher wages to its workers and training them are increasing the expense burden. The recent move to raise the minimum salary for entry-level store managers will also add to the costs. This along with unfavorable currency will remain headwinds.”
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