Equities Research Analysts’ Updated EPS Estimates for October, 18th (ADNT, AU, CMG, CRZO, DAL, FMS, GIG, GSUM, HD, IBM)
Buckingham Research began coverage on shares of Adient (NASDAQ:ADNT). Buckingham Research issued a neutral rating on the stock.
Seaport Global Securities started coverage on shares of Adient (NASDAQ:ADNT). Seaport Global Securities issued a buy rating and a $60.00 target price on the stock.
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Gabelli assumed coverage on shares of AngloGold Ashanti (NYSE:AU). They issued a buy rating on the stock.
Chipotle Mexican Grill (NYSE:CMG) had its underperform rating reaffirmed by analysts at Raymond James Financial Inc..
Carrizo Oil & Gas (NASDAQ:CRZO) had its accumulate rating reaffirmed by analysts at KLR Group.
Delta Air Lines (NYSE:DAL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Delta reported better-than-expected earnings per share but weaker-than-expected revenues in the third quarter of 2016. However, both metrics declined on a year-over-year basis. The power outage suffered by the company in August hurt results significantly. The company continues to struggle with unit revenue issues. Passenger unit revenues declined 6.8% in the third quarter. The metric is projected to decrease in the band of 3–5% in the fourth quarter. Passenger mile yield fell 5.3% in the third quarter. However, the capacity growth guidance for 2017 is encouraging. Capacity is projected to expand 1% next year, in line with the projection for the fourth quarter. We are also impressed by Delta’s efforts to enhance its shareholders‘ wealth through dividends and share buybacks. During the third quarter, the carrier returned $650 million to its shareholders.”
Fresenius Medical Care AG (NYSE:FMS) had its buy rating reissued by analysts at Citigroup Inc..
GigPeak (NYSE:GIG) had its buy rating reissued by analysts at Needham & Company LLC.
Citigroup Inc. started coverage on shares of Gridsum Holding Inc – (NASDAQ:GSUM). Citigroup Inc. issued a buy rating and a $21.00 target price on the stock.
The Home Depot (NYSE:HD) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “In response to the evolving retail environment, Home Depot remains keen on building its interconnected capabilities, which is expected to boost its top line, and enhance market share. The company has been gaining from its focus on improving customer experience, solid execution and consistent housing market recovery. These factors also helped its to post its highest quarterly sales and earnings, in the last reported quarter, following which it raised its fiscal 2016 earnings view. Further, Home Depot is on track to achieve its long-term dividend payout, share repurchase and return on investment targets. However, intense competition from specialty stores and mass retailers as well as the impact of soft economic recovery on discretionary spending may prove to be deterrents. Nevertheless, Home Depot's splendid earnings surprise history depicts its inherent strength. Also, estimates have been stable ahead of its third-quarter earnings release.”
International Business Machines Corp. (NYSE:IBM) had its underperform rating reiterated by analysts at Credit Suisse Group AG. They currently have a $110.00 price target on the stock.
International Business Machines Corp. (NYSE:IBM) had its neutral rating reissued by analysts at Citigroup Inc.. Citigroup Inc. currently has a $160.00 price target on the stock.
Mitsubishi UFJ Financial Group initiated coverage on shares of Monogram Residential Trust (NYSE:MORE). Mitsubishi UFJ Financial Group issued a neutral rating and a $11.00 target price on the stock.
Microsoft Corp. (NASDAQ:MSFT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Microsoft is one of the largest software companies in the world. It is also one of the leading providers of cloud infrastructure and services. The business reorganization and “cloud-first mobile-first” focus are encouraging, but execution and FX risks remain. Additionally, competition is stiff and the company’s dominant position in the PC market continues to be challenged. Meanwhile, estimates have been stable lately ahead of the company's Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. Moreover, enterprise strength, the Office 365 subscription model, Azure and promising new products will continue to generate sizeable cash flows with Windows 10 helping maintain consumer share this year and driving enterprise growth in 2016. Additionally, the expansion of Microsoft HoloLens in 6 new markets will improve the company's posiition in the augmented and virtual reality space.”
Guggenheim Large Cap Optimized Diversification ETF (NYSE:OPD) had its neutral rating reissued by analysts at Credit Suisse Group AG. The firm currently has a $34.00 target price on the stock, down from their previous target price of $40.00.
Evercore ISI initiated coverage on shares of Paypal Holdings (NASDAQ:PYPL). They issued a buy rating and a $46.00 price target on the stock.
ServisFirst Bancshares (NASDAQ:SFBS) had its market perform rating reissued by analysts at Raymond James Financial Inc..
Supernus Pharmaceuticals (NASDAQ:SUPN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Supernus Pharmaceuticals Inc. is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. It is developing several product candidates in neurology and psychiatry to address opportunities in epilepsy and attention deficit hyperactivity disorder. Supernus Pharmaceuticals Inc. is based in Rockville, Maryland. “
SunCoke Energy (NYSE:SXC) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “SunCoke Energy, Inc is a producer of metallurgical coke in the Americas. The Company acquires, owns, and operates the coke making and coal mining operations. Its coke making facilities are in the United States and Brazil. “
Telenor ASA (NASDAQ:TELNY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “
Taseko Mines (NYSE:TGB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Taseko Mines is focused on acquiring ownership of and advancing exploration and related activities on known mineral deposits that have as their basic characteristic, large tonnage (based on extensive drill testing for continuity) mineralization which, under metals price assumptions that fall within historical averages, are potentially capable of supporting a mine for 10 years and longer. “
Thomson Reuters Corp. (NYSE:TRI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
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