Analysts’ Upgrades for October, 19th (CMS, COST, EL, GRPN, IBM, INTC, LYB, OAS, QSR, SBUX)
CMS Energy Corp. (NYSE:CMS) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $48.00 price target on the stock. According to Zacks, “CMS Energy’s focus on strengthening circuits and substations, replacing aging poles and installing smart meters; in the electric utility space buoys optimism. The company’s investments in infrastructure development, replacement of aged infrastructure and application of smart technologies will enable it to provide reliable services to customers. The company's sustained efforts to expand its renewable portfolio are also impressive. However, stringent environmental regulations, volatile commodity prices and risks related to impending regulatory cases could deter growth. Moreover, weather variations tend to impact the demand for electricity and natural gas, thereby leading to a fluctuating performance.”
Costco Wholesale Corp. (NASDAQ:COST) was upgraded by analysts at Northcoast Research from a neutral rating to a buy rating.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/analysts-upgrades-for-october-19th-cms-cost-el-grpn-ibm-intc-lyb-oas-qsr-sbux.html
Estee Lauder Companies (NYSE:EL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Estimates have been revised upward since the last 7 days for the Estee Lauder stock. aggressive marketing investments and continued product innovation are encouraging. The company has been reporting higher top line and margins backed by its strategic initiatives. Going ahead, the company’s strategic initiatives to boost sales and the growing global beauty sector are expected to boost results. Though Estee Lauder expects growth opportunities in product categories in fiscal 2017, economic challenges will likely persist. slower retail growth in Hong Kong and China, a decline in spending by Russian and Brazilian travelers, the impact of the MERS virus on its travel retail business in Korea and unfavorable currency are expected to affect sales negatively. Hence the company remained cautious while providing its guidance for the year. “
Groupon (NASDAQ:GRPN) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. They currently have $5.75 price target on the stock. According to Zacks, “Groupon is undergoing business transition as it shifts focus from rapid international expansion to developing local core business. The company continues to expand its On-Demand food delivery service, which will boost customer base. In April, the company got a boost with a sizeable investment from Atairos Management (through Comcast), which is a positive. Moreover, recent campaigns like #BuyDealsGiveMeals will improve the company's brand visibility. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company has positive record of earnings surprises in recent quarters. Though it has already started to benefit from business transition, the costs of the shift continue to weigh on its financials. Additionally, it remains dependent on daily deals which is a major concern.”
International Business Machines Corp. (NYSE:IBM) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “IBM reported strong third-quarter 2016 results beating the Zacks Consensus Estimates on both lines. However, the company is having a tough time, given the ongoing and heavily time-consuming business model transition to cloud. Further, sluggish IT spending particularly on on-premise and data center hardware and foreign exchange volatility remain concerns. Moreover, intensifying competition in the cloud is a major headwind. Nevertheless, IBM's strategic growth initiatives, including its Big Data & business analytics, cloud computing, mobile and social business are expected to drive growth. In addition, the company’s policy of making strategic acquisitions will lead to incremental revenues, strengthening its technology leadership and resulting in a more favorable mix of business. The acquisitions have also increased its scale of operations globally.”
Intel Corp. (NASDAQ:INTC) was upgraded by analysts at Charter Equity from a market perform rating to a buy rating.
LyondellBasell Industries (NYSE:LYB) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $90.00 target price on the stock. According to Zacks, “Estimates for LyondellBasell have been going up of late. LyondellBasell remains on track with its ethylene expansion programs that should boost capacity and add to its earnings. The company is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. LyondellBasell also remains committed to boosting shareholder returns by leveraging healthy cash flows.”
Oasis Petroleum (NYSE:OAS) was upgraded by analysts at Capital One Financial Corp. from an equal weight rating to an overweight rating.
Restaurant Brands International (NYSE:QSR) was upgraded by analysts at Stephens from an equal weight rating to an overweight rating.
Starbucks Corp. (NASDAQ:SBUX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Starbucks is strengthening its portfolio with significant innovation around beverages and core food offerings. Its third-quarter sales were chiefly hurt by slow down of comps and traffic trends in the U.S. market. However, the third quarter headwinds were temporary and Starbucks expects U.S. comps to improve in the next quarter. Starbucks’s operating fundamentals remain strong – solid global retail footprint, successful innovations, best-in-class loyalty program and digital offerings. Again, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate stronger sales trends in the Americas. CPG growth across the world as well as China/Asia expansion will also enhance value creation. However, business in Europe is clouded by the economic uncertainties in the Northern region and deflation in the Eurozone. Accelerated global employee and digital investments can keep profits under strain.”
Standard Motor Products (NYSE:SMP) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. They currently have $55.00 price target on the stock. According to Zacks, “Standard Motor is set to benefit from its solid brand recognition and regular capital deployment, which will enhance shareholder value. Further, the buyout of General Cable’s automotive ignition wire business will lead to an improvement in earnings. The Texas facility closure and business relocation should help save $6–$7 million. However, the company is facing challenges due to rising selling, general & administrative expenses (SG&A) expenses, the competitive nature of the automotive aftermarket and customer concentration. Standard Motor’s earnings estimates have been moving up lately. The company has a mixed record of earnings surprises in recent quarters.”
Sociedad Quimica y Minera de Chile SA (NYSE:SQM) was upgraded by analysts at HSBC from a hold rating to a buy rating.
Western Digital Corp. (NASDAQ:WDC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $60.00 target price on the stock. According to Zacks, “Western Digital is likely to benefit from the improving prices of NAND chips as the company has forayed into this space with the acquisition of SanDsik. Off late, NAND prices have improved primarily due to a better product mix optimization and stronger-than-expected demand for servers and mobiles. Moreover, industry experts believe that total demand could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term. We believe that any increase in prices will have a favorable impact on the company’s top line, the benefit of which is likely to flow down to the bottom line. Meanwhile, estimates have been going up ahead of the company's Q1 earnings release. However, stiff competition from other major players still remains cause of concern. Gartner’s latest prediction regarding PC shipments casts a shadow on the stock’s future performance.”
William Demant Holdings (OTCMKTS:WILYY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “William Demant Holding A/S develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals. The Company focuses on three business areas: Hearing Devices, Diagnostic Instruments and Personal Communication. William Demant Holding A/S is headquartered in Smorum, Denmark. “
Wal-mart de Mexico S A B de C V (NASDAQ:WMMVY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “WAL-MART de Mexico-ADR operates 587 commercial units, including self-service stores, department, and restaurants. “
Wave Life Sciences Pte. (NASDAQ:WVE) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “WAVE Life Sciences Pte. Ltd. is a preclinical biopharmaceutical company. It designs, develops and commercializes nucleic acid therapeutic candidates for Huntington’s disease, Duchenne muscular dystrophy and inflammatory bowel disease. Huntington’s disease, the Company has programs targeting HTT SNP-1 and HTT SNP-2; DMD, targeting Exon 51 and in IBD, it is targeting SMAD7. The Company has late-stage discovery programs in epidermolysis bullosa simplex, in which it is targeting KRT14 SNP-1 and KRT14 SNP-2 and in DMD, it is focused on an additional DMD target, Activin Receptor type IIb. WAVE Life Sciences Pte. Ltd. is based in Singapore. “
XBiotech (NASDAQ:XBIT) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “XBiotech Inc. is a biopharmaceutical company. The Company is engaged in discovering and developing True Human(TM) monoclonal antibodies for treating diseases. XBiotech Inc. is based in AUSTIN, United States. “
Receive News & Ratings for CMS Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.