Equities Research Analysts’ updated eps estimates for Tuesday, July 18th:

Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Advantage Oil and Gas Ltd., formerly Advantage Energy Income Fund, is an intermediate oil and natural gas corporation, engaged in the exploration and development of oil and natural gas properties in Alberta and Saskatchewan in Canada. It focuses on developing the Montney natural gas resource play located at Glacier, Alberta. The Company’s properties are located in Alberta and Saskatchewan, and consist of liquids rich natural gas and light oil. The Company’s head office is located in Calgary, Alberta, Canada. “

Anhui Conch Cement (NASDAQ:AHCHY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating.

Alio Gold (NYSE:ALO) was upgraded by analysts at Zacks Investment Research from a sell rating to a buy rating. They currently have $5.00 target price on the stock. According to Zacks, “Alio Gold Inc. is a gold mining company. It engaged in exploration, development and production primarily in Mexico. The company’s principal assets include the producing San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico. Alio Gold Inc, formerly known as Timmins Gold Corp, is headquartered in Vancouver, Canada. “

AngioDynamics (NASDAQ:ANGO) had its hold rating reaffirmed by analysts at Canaccord Genuity. Canaccord Genuity currently has a $17.00 target price on the stock.

ARC Group Worldwide (NASDAQ:ARCW) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “ARC Group Worldwide, Inc. is a diversified manufacturing holding company with operations in Colorado, Florida, Pennsylvania, Texas, Minnesota, China and Hungary. It provides wireless network component and wireless network solutions. The Company designs and develops hardware, including antennas, radios, and related accessories, used in broadband and other wireless networks. It supplies its products to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers. ARC Group Worldwide, Inc., formerly known as ARC Wireless Solutions Inc., is based in Denver, Colorado. “

Ardelyx (NASDAQ:ARDX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Ardelyx, Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and commercializes small molecule therapeutics that work in the gastrointestinal tract to treat cardio-renal, GI and metabolic diseases. The Company’s lead product candidate is Tenapanor which is in three ongoing Phase II clinical trials for the treatment of patients with ESRD-HD and chronic kidney disease, as well as for constipation-predominant irritable bowel syndrome. Ardelyx, Inc. is headquartered in Fremont, California. “

Approach Resources (NASDAQ:AREX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada. “

Arkema SA (OTCMKTS:ARKAY) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $132.00 price target on the stock. According to Zacks, “Arkema SA is engaged in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products. Vinyl products include chlorine or caustic soda, pipes and profiles, PVC, and vinyl compounds. Industrial chemicals include emulsion systems, fluorochemicals, hydrogen peroxide, PMMA and methacrylics, specialty acrylic polymers and thiochemicals. Performance products include functional additives, specialty chemicals and technical polymers. The Company’s products can be used for various purposes including air conditioning or refrigeration; chemical processing, coating, construction; packaging; automotive & transportation. Its products, also find their application in adhesives and sealants, agriculture & agrochemicals, consumer goods, electronics, foams, solvents and aerosols market, health, hygiene & beauty, oil & gas, energy, pharmaceuticals, pulp & paper, rubber market, sports & leisure, etc. Arkema SA is headquartered in France. “

Asterias Biotherapeutics (NYSE:AST) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Asterias Biotherapeutics, Inc. is a biotechnology company. It is focused on the field of regenerative medicine. The Company’s technologies center on stem cells capable of becoming all of the cell types in the human body, a property called pluripotency. It develops therapies based on pluripotent stem cells to treat diseases or injuries in a variety of medical fields, with an initial focus on the therapeutic areas of neurology and oncology. Asterias Biotherapeutics, Inc. is based in Menlo Park, California. “

A10 Networks (NYSE:ATEN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “

Black Diamond (NASDAQ:BDE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $7.50 price target on the stock. According to Zacks, “Black Diamond, Inc., formerly known as Clarus Corporation, operates as a manufacturer and distributor of outdoor recreation equipment and active lifestyle products. The Company’s product range include: rock-climbing equipment (such as carabiners, protection devices, harnesses, belay and devices, helmets, ice-climbing gear), technical backpacks and high-end day packs, tents, trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings, ski boots, ski skins and avalanche safety equipment. Black Diamond, Inc. is headquartered in Salt Lake City, Utah. “

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $85.00 target price on the stock. According to Zacks, “Bank of Montreal is one of the largest banks in North America, is also one of Canada’s oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products, but knowledge-based solutions, custom-made to add value in their financial affairs. “

Canaccord Genuity started coverage on shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO). Canaccord Genuity issued a hold rating on the stock.

Barnes & Noble Education (NYSE:BNED) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $8.75 target price on the stock. According to Zacks, “Barnes & Noble Education, Inc. is engaged in creating and operating campus bookstores for academic institutions under multi-year management service agreements. The Company’s products and services include Textbook and Course Material Sales, Textbook and Course Material Rentals, General Merchandise, Trade, Digital Education Platform, e-commerce Platform, FacultyEnlight, Campus Connect Technologies platform and Flexible Course Fee Solution. It operates primarily in the United States. Barnes & Noble Education, Inc. is based in Basking Ridge, United States. “

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $69.00 target price on the stock. According to Zacks, “Bank of Nova Scotia is one of North America’s premier financial institutions and Canada’s most international bank. They offer a diverse range of products and services including personal, commercial, corporate and investment banking. Scotiabank has built long-term value and recorded consistent earnings growth by building on its core strengths and by executing exceptionally well in its core businesses. These include Domestic Banking, Wealth Management, International Banking and Scotia Capital. “

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $11.00 target price on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “

BTG (NASDAQ:BTGGF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “BTG plc is a healthcare company. Its operating segment consists of Interventional Medicine and Specialty Pharmaceuticals. Interventional Medicine offers treatment of cancer, severe emphysema, severe blood clots and varicoseveins. Specialty Pharmaceuticals helps patients overexposed to certain medications or toxins. BTG plc is headquartered in London, the United Kingdom. “

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “

Canaccord Genuity assumed coverage on shares of Cdn Western Bank (NASDAQ:CBWBF). The firm issued a hold rating on the stock.

Canaccord Genuity initiated coverage on shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM). Canaccord Genuity issued a buy rating on the stock.

Ericsson (NASDAQ:ERIC) had its hold rating reaffirmed by analysts at Canaccord Genuity. Canaccord Genuity currently has a $6.00 price target on the stock.

International Business Machines Corporation (NYSE:IBM) had its buy rating reaffirmed by analysts at Drexel Hamilton. Drexel Hamilton currently has a $200.00 price target on the stock. The analysts wrote, “We continue to believe IBM will emerge from this transition a much stronger IT organization. That said, IBM’s stock has been weak around earnings, falling the day after quarterly earnings reports by an average of 3% over the past fourteen quarters (down twelve times). In the meantime, IBM’s 3.9% dividend yield and modest valuation should attract more value investors. IBM reported 2Q:17 sales of $19.29 billion (down 5% YoY; down 3% in constant currency, CC) that beat our revenue estimate of $19.11 billion but missed the Street (consensus was at $19.45 billion) as we highlighted was possible in our earnings preview, while pro forma EPS of $2.97 (up 1%) beat our $2.75 projection and the Street’s estimate of $2.75. A lower tax rate added approximately $0.12 to EPS relative to our projections.””

Medidata Solutions (NASDAQ:MDSO) had its price target increased by J P Morgan Chase & Co to $87.00. They currently have an overweight rating on the stock.

Canaccord Genuity assumed coverage on shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD). They issued a buy rating on the stock.

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