Research Analysts’ Updated EPS Estimates for June, 19th (BRX, CGX, COST, CS, DPZ, DST, JLL, MKC, MLVF, SGEN)
Brixmor Property Group (NYSE:BRX) had its hold rating reaffirmed by analysts at Royal Bank Of Canada. The firm currently has a $23.00 price target on the stock.
Cineplex (TSE:CGX) had its outperform rating reaffirmed by analysts at BMO Capital Markets. They currently have a C$58.00 price target on the stock.
Costco Wholesale Corporation (NASDAQ:COST) had its buy rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
Capstone Mining Corp (TSE:CS) had its outperform rating reaffirmed by analysts at Scotiabank. Scotiabank currently has a C$1.60 price target on the stock.
Domino’s Pizza (NYSE:DPZ) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $236.00 price target on the stock. According to Zacks, “Domino's shares have outpaced the Zacks classified Retail–Restaurants industry in the past one year. The company’s solid brand positioning should continue to boost sales in the upcoming quarters. Efforts to accelerate its presence in high-growth international markets bode well. The company’s revenues and earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The first quarter of 2017 marked the 24th and 93rd consecutive quarter of positive same-store-sales domestically and internationally, respectively. Going forward, the company’s initiatives on the digital front, focus on re-imaging and other sales boosting strategies are expected to help sustain the momentum. Yet, higher costs and negative currency translation are likely to hurt profits. A soft consumer spending environment in the U.S. restaurant space might limit revenue growth.”
DST Systems (NYSE:DST) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $66.00 price target on the stock. According to Zacks, “DST Systems is one of the leading providers of sophisticated information processing software and systems to the financial services industry. We opine that DST Systems’ business volume and massive scale of operation in Financial Services will attract new customers. Moreover, we expect steady contributions from acquisitions to support revenue growth. Continued share buybacks and dividend payments are the other encouraging factors. Through dividend payouts, companies bolster investor confidence, persuading them to either buy or hold the scrip. However, persistent decline in registered accounts, ongoing consolidation in the U.S. financial services market, high debt burden and stiff competition may put its fundamentals under pressure. Notably, the stock has underperformed the broader market over the past one year.”
Jones Lang LaSalle (NYSE:JLL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Over the past three months, the shares of JLL outperformed the Zacks categorized Real Estate-Operations industry. In May, the company inked a new deal with the State of Tennessee for better management of the state-owned properties. In early May, JLL reported better-than-expected adjusted earnings per share for first-quarter 2017. The quarter reflected robust growth in revenues and a rise in market share. Notably, the company’s diversified product & services range, vast knowledge of real estate markets and a spate of strategic investment activities are expected to drive growth. The company continues to invest opportunistically to capitalize on market consolidations. Its superior operating platform and market share expansion have helped it achieve strong growth as well as a decent cash level. But, unfavorable currency movements and a stiff competition from international, regional and local players are concerns.”
McCormick & Company, (NYSE:MKC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $114.00 target price on the stock. According to Zacks, “Estimates have largely been stable since posted mixed first-quarter fiscal 2017 results, where while earnings beat estimates, revenues lagged the same. Nevertheless, both earnings and sales increased 2.7% and 1.3%, respectively, on a year-over-year basis on the back of acquisitions and cost savings. McCormick’s price history also reveals that on a year-to-date basis, the stock has outperformed the Zacks categorized industry. McCormick has been witnessing rising demand for spices, herbs and seasonings over the last few years, which is boosting its sales. Product innovation, brand marketing support and expanded distribution, as well as pricing actions also led to sales growth. McCormick is working on its expense structure and remains hopeful to accelerate its margins in the remainder of fiscal 2017. However, higher material costs and unfavorable currency remain its headwinds.”
Sandler O’Neill assumed coverage on shares of Malvern Bancorp (NASDAQ:MLVF). Sandler O’Neill issued a hold rating and a $24.00 price target on the stock.
Seattle Genetics (NASDAQ:SGEN) had its hold rating reissued by analysts at Cowen and Company. The analysts wrote, “SGEN announced this morning that following an interim safety look of 33A’s pivotal.””
Soligenix (NASDAQ:SNGX) had its buy rating reaffirmed by analysts at Maxim Group. They currently have a $4.00 price target on the stock. The analysts wrote, “Soligenix announced long-term follow-up data from the P2 study of SGX942 in oral mucositis (in head and neck cancer) has been published in the journal Biotechnology Reports” (PUBLICATION LINK).””
Steel Dynamics (NASDAQ:STLD) had its buy rating reissued by analysts at Berenberg Bank. They currently have a $46.00 price target on the stock.
Stryker (NYSE:SYK) had its hold rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
Teck Resources (TSE:TECK.B) had its outperform rating reaffirmed by analysts at BMO Capital Markets. BMO Capital Markets currently has a C$41.00 price target on the stock.
Torchmark Corporation (NYSE:TMK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $87.00 price target on the stock. According to Zacks, “Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth and thus drive shares higher. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017. However, higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Though shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date, the life insurer witnessed its 2017 and 2018 estimates moving north over the last 60 days.”
TESARO (NASDAQ:TSRO) had its market perform rating reiterated by analysts at Cowen and Company. They currently have a $125.00 price target on the stock, down from their previous price target of $145.00.
Zions Bancorporation (NASDAQ:ZION) had its hold rating reiterated by analysts at Keefe, Bruyette & Woods. They currently have a $44.00 price target on the stock.
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