Investment Analysts’ Updated EPS Estimates for December, 1st (AMAT, BAH, BDC, BSAC, ERYP, FTV, HRL, KERX, MDP, PCLN)
Applied Materials (NASDAQ:AMAT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Applied Materials is currently riding on inflection-focused innovation strategy which is its primary growth driver. The company continues to witness technological advancements in semiconductor and display areas. Applied Materials is in a great position to grow sustainably and profitably based on its strong pipeline of enabling technologies, supported by expanding opportunities on the semiconductor and display fronts. 3D NAND, DRAM and patterning have led to significant market share gains. Nevertheless, high fixed cost structure and customer concentration remain concerns. Year to date, the stock has outperformed the industry it belongs to.”
SunTrust Banks, Inc. assumed coverage on shares of Booz Allen Hamilton (NYSE:BAH). They issued a buy rating and a $47.00 price target on the stock.
Banco Santander Chile (NYSE:BSAC) was downgraded by analysts at Citigroup Inc. from a buy rating to a neutral rating.
JMP Securities started coverage on shares of Erytech Pharma (NASDAQ:ERYP). They issued an outperform rating and a $43.00 target price on the stock.
Fortive (NYSE:FTV) was upgraded by analysts at Argus from a hold rating to a buy rating.
Hormel Foods (NYSE:HRL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “In fourth-quarter fiscal 2017, Hormel Foods reported better-than-expected results, with adjusted earnings of 41 cents per share surpassing the Zacks Consensus Estimate by a penny. Revenues outpaced the consensus estimate by 4.1%. In the quarters ahead, the company is poised to grow on the back of its stronger demand for products such as SKIPPY SPAM and Justin's and synergistic benefits from acquired assets. It recently completed the acquisition of Columbus Manufacturing as well as increased its fiscal 2018 earnings per share and revenue guidance. Despite these positives, the company perceives that lower turkey prices will continue to hurt its Jennie-O Turkey Store business while lingering challenges in the Specialty Foods and Refrigerated Foods segments are concerning. In the last six months, the company's shares have underperformed the industry and also seem overvalued comparatively.”
Keryx Biopharmaceuticals (NASDAQ:KERX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Keryx’s loss in third-quarter 2017 was wider than expected while sales missed estimates. The FDA approval for the label expansion of Auryxia to treat adults with iron deficiency anemia (IDA) and chronic kidney disease, not on dialysis, might boost sales of the company, given that the IDA market holds great potential. With the latest approval, this drug can treat two complications of chronic kidney disease. The company also believes that the formulary additions at two major Part D providers will continue to support and drive the future growth of Aurexia. The company is also conducting few studies for further label expansion of the drug which should bode well for it. “
Meredith (NYSE:MDP) was downgraded by analysts at Citigroup Inc. from a buy rating to a neutral rating.
The Priceline Group (NASDAQ:PCLN) was downgraded by analysts at Argus from a buy rating to a hold rating. They currently have $1,739.71 target price on the stock, up from their previous target price of $1,459.49.
PVH (NYSE:PVH) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $154.00 price target on the stock. According to Zacks, “PVH Corp. has outperformed the industry year to date driven by its superb earnings history and brand strength. The company delivered robust earnings and sales results in third-quarter fiscal 2017. While this marked the company’s fifth straight sales beat, earnings topped estimates for the 14th consecutive quarter. Results continued to benefit from solid momentum at its premium Calvin Klein and Tommy Hilfiger brands. Further, the company provided a favorable view for the fourth quarter and raised earnings outlook for fiscal 2017. However, concerns regarding the volatile macroeconomic and geopolitical environment remain. While currency rates are expected to improve in the fourth quarter, it is likely to hurt fiscal 2017 earnings by 17 cents per share. Nonetheless, its efforts to keep pace with the evolving consumer trends, efficient brand management and healthy cash flows, bode well.”
Stephens initiated coverage on shares of Redfin (NASDAQ:RDFN). Stephens issued an underweight rating and a $17.00 target price on the stock.
Gabelli initiated coverage on shares of Reading International (NASDAQ:RDI). The firm issued a buy rating and a $30.00 price target on the stock.
Gabelli assumed coverage on shares of Reading International (NASDAQ:RDIB). They issued a buy rating on the stock.
Gabelli began coverage on shares of Reading International (NASDAQ:RDIB). The firm issued a buy rating on the stock.
Stifel Financial (NYSE:SF) was upgraded by analysts at Wells Fargo & Company from a market perform rating to an outperform rating.
AT&T (NYSE:T) had its buy rating reissued by analysts at Jefferies Group LLC. Jefferies Group LLC currently has a $36.38 price target on the stock, down from their previous price target of $48.00.
Vmware (NYSE:VMW) was downgraded by analysts at Gabelli from a buy rating to a hold rating.
Benchmark Co. assumed coverage on shares of Varonis Systems (NASDAQ:VRNS). They issued a buy rating and a $60.00 target price on the stock.
Willbros Group (NYSE:WG) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Willbros Group, Inc. is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage. “
WhiteHorse Finance (NASDAQ:WHF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “WhiteHorse Finance, Inc. is a business development company focused on originating loans to privately held small-cap companies across a broad range of industries. WhiteHorse Finance, Inc. is based in Miami, United States. “
Weight Watchers International (NYSE:WTW) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Receive News & Ratings for Applied Materials Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc and related companies with MarketBeat.com's FREE daily email newsletter.