Research Analysts’ Upgrades for February, 14th (IIP.UN, NVA, PPL, THR, TMUS, TPC, TRMB, TRNS, VBTX, VET)

Research Analysts’ upgrades for Wednesday, February 14th:

Interrent Real Estate Investment Trust (TSE:IIP.UN) was upgraded by analysts at Royal Bank of Canada from a sector perform rating to an outperform rating. The firm currently has C$10.00 target price on the stock, up from their previous target price of C$9.50.

Nuvista Energy (TSE:NVA) was upgraded by analysts at National Bank Financial from a sector perform rating to an outperform rating. They currently have C$10.00 target price on the stock, up from their previous target price of C$9.00.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by analysts at Industrial Alliance Securities from a buy rating to a strong-buy rating. The firm currently has C$50.00 price target on the stock, down from their previous price target of C$51.00.

Thermon Group (NYSE:THR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $25.00 target price on the stock. According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “

T-Mobile US (NASDAQ:TMUS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $65.00 price target on the stock. According to Zacks, “T-Mobile US posted mixed fourth-quarter 2017 results where bottom line beat the Zacks Consensus Estimate, the top line lagged the same. The company gained a net of 1.9 million total wireless subscribers, with 1.1 million branded postpaid, 891,000 postpaid phone, 149,000 branded prepaid. The company’s share repurchases reflects its strong financial background. T-Mobile US has raised its outlook for 2018. The company’s rating upgradation by Moody's was a major positive. The company has already rolled out 600 MHz wireless spectrum in its footprints and has conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile US is also planning to team up with dark fiber partners to backhaul small cell densification project. However, competitive and saturated wireless market and marketing costs of the low-priced promotional plans are major headwinds. In the past three months, the stock underperformed its industry.”

Tutor Perini (NYSE:TPC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $24.00 price target on the stock. According to Zacks, “Tutor Perini Corporation provides diversified general contracting, construction management and design-build services to private clients and public agencies worldwide. The company operates in four segments: Civil, Building, Specialty Contractors, and Management Services. The Civil segment engages in public works construction activities and the repair, replacement, and reconstruction of infrastructure. The Building segment offers services in specialized building markets, including hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high technology. The Specialty Contractors segment provides plumbing, HVAC, electrical, mechanical, and concrete services for the industrial, commercial, hospitality and gaming, and transportation markets. The Management Services segment offers construction and design-build services to the U.S. military and government agencies, and multi-national corporations. “

Trimble (NASDAQ:TRMB) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Trimble reported impressive fourth-quarter 2017 results. Both earnings and revenues increased on a year-over-year basis. The company’s aggressive acquisition strategy has helped it to rapidly expand product portfolio, improve competitiveness and enter new markets. Moreover, acquisitions have expanded Trimble’s Transportation, Agriculture Management and Forest solutions portfolio. Further, they have aided the company to expand in markets like Germany, Finland and Canada. We also note that the company’s initiatives toward lowering the cost structure are helping in improving profits. However, weakness in European Geospatial market, slowdown in Asia Pacific, uncertainty in the United States and Mexico are major headwinds. Also, stiff competition is a headwind.”

Transcat (NASDAQ:TRNS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $18.00 target price on the stock. According to Zacks, “Transcat, Inc. distributes test and measurement instruments and provides accredited calibration services to a variety of industries including life sciences, pharmaceutical, petroleum refining, chemical manufacturing, public utility, pulp and paper, communications, automotive and aerospace. “

Veritex (NASDAQ:VBTX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $31.00 price target on the stock. According to Zacks, “Veritex Holdings, Inc. is a bank holding company. The Bank, through its wholly owned subsidiary, Veritex Community Bank conducts its banking activities. Veritex Community Bank provides various commercial banking services to individual and corporate customers. The company offers a range of deposit accounts, loans and a range of online banking solutions. It offers debit cards, night depository services, direct deposits, cashier’s checks, and letters of credit; cash management deposit products, as well as treasury management services. Veritex Holdings, Inc. is headquartered in Dallas, Texas. “

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $39.00 price target on the stock. According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

Vulcan Materials (NYSE:VMC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $145.00 price target on the stock. According to Zacks, “Vulcan Materials’ strong aggregate reserve position, pricing power, divestiture of non-strategic operations, bolt-on acquisitions and significant debt reduction are encouraging. Sustained growth in private construction activity bodes well for Vulcan Materials. However, hurricanes Harvey and Irma had a major impact on Vulcan's operations and results in the third quarter. Operations in important Southeastern markets, particularly Florida and Georgia, as well as coastal markets in Texas and along the central Gulf Coast were disrupted.  Apart from the immediate impact of the storms, labor market disruptions, haul truck shortages and other logistical challenges continue. Vulcan Materials’ shares have outperformed the industry in the last six months and earnings estimates have moved north for 2018 over the last 30 days, reflecting analysts’ optimism.”

Walgreens Boots Alliance (NASDAQ:WBA) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $76.00 price target on the stock. According to Zacks, “We are encouraged by Walgreens Boots'  increase in sales at the Retail Pharmacy International. Moreover, the company's has been gaining on account of strategic tie-ups, which brought more patients to its U.S. pharmacies. We are particularly upbeat about the limited number of Rite Aid stores acquisition deal for which the company got regulatory approval recently. Also, we are upbeat about the company expanding global footprint with its decision to acquire a 40% stake in Sinopharm Holding Guoda Drugstores in China which should provide a strong impetus to Walgreens Boots’ worldwide retail pharmacy business. Accordingly, over the past three months, Walgreens Boots has been trading above the broader industry.  However, declining sales at the Retail Pharmacy was a disappointment. The company faces tough competition along with currency fluctuations.”

Advanced Drainage Systems (NYSE:WMS) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio. “

Westell Technologies (NASDAQ:WSTL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $3.50 price target on the stock. According to Zacks, “Westell Technologies Inc. designs, manufactures, markets and services a broad range of digital and analog products used by telcos to deliver services primarily over existing copper telephone wires that connect end users to a telco’s central office. The company also markets its products and services to other telecommunications and information service providers seeking direct access to end-user customers. The company’s customers include all the Regional Bell Operating Companies as well as GTE and other carriers. “

Yangarra Resources (TSE:YGR) was upgraded by analysts at Raymond James Financial, Inc. from an outperform rating to a strong-buy rating. They currently have C$6.00 price target on the stock.

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