Research Analysts’ Updated EPS Estimates for June, 19th (ACC, AD, AMZN, ANET, APOG, APPN, ATW, BABA, BKH, DHR)
American Campus Communities (NYSE:ACC) was upgraded by analysts at Evercore ISI from an underperform rating to an in-line rating.
Koninklijke Ahold Delhaize NV (AMS:AD) was given a €20.50 ($23.03) price target by analysts at BNP Paribas. The firm currently has a buy rating on the stock.
Amazon.com (NASDAQ:AMZN) had its outperform rating reaffirmed by analysts at Robert W. Baird. They currently have a $1,100.00 price target on the stock.
Amazon.com (NASDAQ:AMZN) had its outperform rating reiterated by analysts at Royal Bank Of Canada. They currently have a $1,100.00 target price on the stock.
Arista Networks (NYSE:ANET) had its outperform rating reissued by analysts at BMO Capital Markets. They currently have a $167.00 price target on the stock, up from their previous price target of $155.00.
Apogee Enterprises (NASDAQ:APOG) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $65.00 target price on the stock. According to Zacks, “Apogee expects mid-single digit U.S. commercial construction market growth in fiscal year 2018, as recent indicators show positive momentum. Based on the visibility of project schedules, for fiscal 2018, Apogee projects earnings per share to lie between $3.35 and $3.55 while revenues are expected to grow 10%. Architectural services’ revenues are anticipated to be impacted in fiscal 2018 due to the timing of projects. The stock has outperperformed the Zacks categorized industry, in the past one year The Sotawall acquisition is a strategic fit for Apogee as it supports its strategy to grow its business through geographic expansion and new products. Also, Apogee's acquisition of window company, EFCO Corporation will accelerate its growth strategies, expand its presence in mid-size commercial buildings, broaden product offerings and also enhance its geographic presence across the United States.”
Pacific Crest started coverage on shares of Appian Corporation (NASDAQ:APPN). They issued a sector weight rating on the stock.
Atwood Oceanics (NYSE:ATW) was downgraded by analysts at Piper Jaffray Companies from an overweight rating to a neutral rating.
Alibaba Group Holding Limited (NYSE:BABA) had its buy rating reaffirmed by analysts at Instinet. Instinet currently has a $170.00 price target on the stock, up from their previous price target of $139.00.
Black Hills Corporation (NYSE:BKH) had its target price raised by Williams Capital from $68.00 to $76.00. The firm currently has a buy rating on the stock.
Citigroup (NYSE:C) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Citigroup’s shares outperformed the Zacks categorized Major Regional Banks industry year-to-date. We believe that the company’s restructuring and streamlining efforts, strategic investments in core business and expense management, should support profitability, going forward. Recently, the firm has entered into an agreement to vend its Fixed Income Analytics and Index Businesses to London Stock Exchange Group plc. to focus on core operations. Moreover, recently approved the Financial Choice Act to eradicate a number of core financial regulations will act as a tailwind for the company in coming quarters. However, several issues including litigation burden keep us apprehensive. Moreover, inspite of rising rates, margin is under pressure.”
Danaher Corporation (NYSE:DHR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Danaher has been struggling to maintain the growth momentum of its Diagnostic and Dental business. While its Diagnostic unit is grappling with adverse currency movements and softness in Beckman Coulter unit, the dental unit is suffering from sustained weakness in traditional consumables business. Slowdown in the company’s academic business in Europe is also restricting growth, and may continue to pose a threat to the company’s growth. Weakness in industrial markets and stiff competition may hurt the company's financials in the coming quarters. In light of these negative trends, Danaher’s shares have significantly underperformed the Zacks Categorized Diversified Operations industry’s average over the past year. However, the company believes that it is very well-positioned in the biopharma business and expects it to act as a major profit churner.”
General Mills (NYSE:GIS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “General Mills' shares have underperformed the Zacks categorized Food-Miscellaneous/Diversified industry year-to-date. Sales and profits at the North America Retail segment, accounting for 66.1% of its sales, have been soft due to lower demand amid weak food industry trends and changing consumer preference. In the first nine months of fiscal 2017, sales of the segment declined 7.6% year over year. Overall, organic sales growth is also anticipated to drop 4% in fiscal 2017. General Mills, like many other U.S. food producers, has been struggling due to the shift in consumer preference towards natural and organic food. Nonetheless, robust restructuring savings are making up for the sluggish revenue growth. The company is also seeing impressive margin expansion with operating margin expanding 100 basis points in the last reported quarter. Though various initiatives helped improve the bottom line, we believe a material improvement will take time.”
H & R Block (NYSE:HRB) had its outperform rating reaffirmed by analysts at Barrington Research. The firm currently has a $32.00 target price on the stock, up from their previous target price of $28.00.
Imax Corporation (NYSE:IMAX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Shares of IMAX have underperformed the Zacks categorized Movie/TV Production/Distribution industry on a year-to-date basis. Furthermore, the disappointing Memorial Day weekend turnout has hurt the stock. In fact, IMAX has had a disappointing run at the box office over the past few months. With the top line struggling, IMAX announced that it intends to trim its workforce by approximately 14%, in a bid to drive its bottom line and increase efficiencies. With the IMAX stock struggling, the company’s board of directors cleared a shareholder friendly measure aimed at boosting investor confidence. The company's substantial presence outside the U.S. exposes it to foreign currency exchange rate risks. Despite the headwinds, we are impressed by the company's focus on China as the market offers significant commercial potential.”
Mastercard (NYSE:MA) had its buy rating reiterated by analysts at Citigroup Inc.. They currently have a $140.00 price target on the stock, up from their previous price target of $123.00.
Mattel (NASDAQ:MAT) had its hold rating reissued by analysts at Jefferies Group LLC. Jefferies Group LLC currently has a $19.00 price target on the stock.
Metro Ag (ETR:MEO3) was given a €29.00 ($32.58) price target by analysts at BNP Paribas. The firm currently has a neutral rating on the stock.
3M Company (NYSE:MMM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $237.00 price target on the stock. According to Zacks, “3M is restructuring its portfolio to revive its growth momentum. 3M is standardizing its business processes through a new, global ERP system and expects $500–$700 million in annual operational savings by 2020. The company has raised its earlier guidance for 2017 on strong quarterly results and improved business outlook. 3M's global footprint, diversified product portfolio and the ability to penetrate in different markets have been its forte. With core business focus, 3M outperformed the industry year to date. Portfolio management, investment in innovation and business transformation are the three key levers on which the company intends to focus moving forward. 3M also intends to continue investing in capital expenditures and R&D to support organic growth as it aims a prudent capital structure strategy and increased capital deployment. However, increased pension expenses remain a significant headwind for the company.”
Microsoft Corporation (NASDAQ:MSFT) was given a $80.00 target price by analysts at Morgan Stanley. The firm currently has a buy rating on the stock.
Nike (NYSE:NKE) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “To counter consumer shift toward online shopping, Nike unveiled a new company alignment – the Consumer Direct Offense. Driven by its Triple Double strategy, this restructuring plan focuses on using digital methods for rapid innovation and product development, along with strengthening consumer relations by operating through core regions. These regions include 12 key cities which are expected to account for over 80% of Nike’s previously forecasted growth, till 2020. The company expects these changes to result in a 2% cut in its global workforce, leading to about 1,400 layoffs. Nike’s shares have lagged the broader sector year to date. Incidentally, the company’s top-line fell prey to stiff competition and a tough retail backdrop in the last reported quarter. These factors, along with lingering currency woes also caused a soft sales view for fourth-quarter fiscal 2017. However, estimates have been stable ahead of earnings.”
Progressive Corporation (The) (NYSE:PGR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $50.00 price target on the stock. According to Zacks, “Shares of Progressive significantly outperformed the Zacks categorized Property and Casualty industry, year to date. Progressive strives to become a one-stop insurance destination by catering to customers opting for a combination of home and auto. Its property business has also gained pace. Policies in force and retention ratio will continue to remain healthy. Focus on paying back its shareholders via dividends as well as share repurchases that lower share count and boosts the bottom line. However, the company’s growth could be challenged by intense competition. Increasing combined ratio, underperforming commercial auto business are other near-term headwinds.”
IMPINJ (NYSE:PI) had its outperform rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $59.00 price target on the stock, up from their previous price target of $50.00.
ProMetic Life Sciences (TSE:PLI) had its target price cut by Canaccord Genuity from C$4.75 to C$4.50.
Roth Capital started coverage on shares of Smart Global Holdings (NYSE:SGH). They issued a buy rating and a $24.00 target price on the stock.
Valeant Pharmaceuticals Intl (TSE:VRX) (NYSE:VRX) had its sector perform rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a C$25.00 target price on the stock.
Waste Connections (TSE:WCN) had its outperform rating reissued by analysts at Royal Bank Of Canada. They currently have a C$135.00 target price on the stock.
Raymond James Financial, Inc. began coverage on shares of WideOpenWest (NYSE:WOW). The firm issued a strong-buy rating and a $21.00 target price on the stock.
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