Equities Research Analysts’ Upgrades for January, 17th (BAYRY, FTV, GG, KBR, KSS, MIDD, MSFT, NS, RCL, SBH)

Equities Research Analysts’ upgrades for Wednesday, January 17th:

Bayer (OTCMKTS:BAYRY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $36.00 price target on the stock. According to Zacks, “As part of its strategy to complete the planned acquisition of Monsanto, Bayer inked an agreement to sell selected Crop Science businesses to BASF. With this agreement, the company will actively address the authorities’ possible concerns regarding the planned acquisition of Monsanto and facilitate a successful closing of the transaction by early 2018. The combined enterprise will be able to bring innovations to the market faster and provide its customers with better solutions. However, the company is facing generic competition for many of its products including the Yaz franchise (oral contraceptives). The generics of key drugs will negatively impact revenues. Yet, Bayer’s shares have outperformed the industry year to date. Estimates have increased ahead of the Q4 earnings results. The company has a positive record of earnings surprises in recent quarters.”

Fortive (NYSE:FTV) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $83.00 price target on the stock. According to Zacks, “Fortive Corporation is currently benefiting from strength in developed markets, improved performance by Tektronix and automation businesses in North America. Ongoing margin expansion owing to the Fortive Business System, acquisitions and strong free cash flow generation are the positives. We note that acquisitions of Industrial Scientific and Landauer is anticipated to drive recurring revenues. The company’s subscription-based radiation exposure services are focused in the medical end market. However, end market cyclicality, integration issues and uncertainties in the international markets pose concerns. In the past 12 months, the stock has underperformed the industry it belongs to.”

Goldcorp (NYSE:GG) (TSE:G) was upgraded by analysts at TD Securities from a buy rating to an action list buy rating. They currently have $22.00 target price on the stock, up from their previous target price of $20.00.

KBR (NYSE:KBR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $23.00 price target on the stock. According to Zacks, “KBR’s diverse business portfolio allows it to combat cyclicality associated with any single market. The company’s Government Services business is experiencing stellar growth and the company remains confident that recent acquisitions will continue to accelerate growth momentum of this business. The company’s consulting business is also experiencing increased activity, indicating lucrative opportunities in future E&C project. Moreover, the company is optimistic about backlog growth in the fourth quarter and early 2018 due to the pipeline of opportunities. KBR’s high backlog level also indicates underlying strength. Over the last six months, KBR’s shares have outperformed the industry’s average gain significantly. However, the long-cycle nature of the contracts, volatility in material & equipment pricing, risk of client loss and stiff competition raise caution.”

Kohl's (NYSE:KSS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $71.00 target price on the stock. According to Zacks, “Kohl’s has surpassed the industry in a year, fueled by its traffic boosting and sales driving initiatives. These efforts helped the company deliver a solid holiday season, as both comps and sales rose 6.9%, faring much better than the previous period performance. Sales were driven by strong digital demand and store traffic, which in turn was backed by Kohl’s strategies like its deal with Amazon and focus on including prominent brands. Additionally, Kohl’s has been expanding its online fulfillment centers to support growth at its online platform. Notably, the better-than-expected holiday sales led to a raised earnings view for fiscal 2017. The latest tax reforms are also likely to have a favorable impact on Kohl’s performance. However, the company has been incurring higher-shipping costs related to online business. Also, it expects SG&A costs in fiscal 2017 to rise at the higher end of its previously issued range.”

Middleby (NASDAQ:MIDD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $151.00 target price on the stock. According to Zacks, “Over the last three months, Middleby’s shares have outperformed the industry. The company believes its production expansion moves and efforts taken to upgrade the existing manufacturing facilities will bolster revenues in the quarters ahead. Moreover, the recent acquisitions are also anticipated to drive revenues and profitability. Also, the new investments made by Middleby to strengthen its existing product portfolio are also likely to benefit near-term results. The company’s robust marketing and distribution network also will likely aid in strengthening its top-line growth trajectory.”

Microsoft (NASDAQ:MSFT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $99.00 target price on the stock. According to Zacks, “Shares of Microsoft, a software company, have outperformed the industry it belongs to over the past one year. The company is dealing with the recent security bug which poses a huge risk for users.  In this context, it is rolling out patches to fix Windows kernels in order to address the vulnerability. Additionally, Microsoft’s recent blockchain deals with Hapoalim and Accenture and its Coco framework are tailwinds. We expect rapid adoption of Azure and Office 365 to remain the key catalysts in the near future. We believe that collaborations with the likes of Amazon, Red Hat, Symantec, Cray and PAREXEL are positive for the company's growth prospects. We also believe that Microsoft’s strategic initiatives to enter the augmented reality and virtual reality market with the acquisition of Altspace VR and launch of mixed reality headsets will be positives. However, intense competition from Sony’s PS4 is a headwind.”

NuStar Energy (NYSE:NS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $39.00 target price on the stock. According to Zacks, “NuStar has successfully weathered crude's historic decline through its large and diverse asset portfolio that provides highly certain cash flows. Other positive attributes include its investment grade rating and strong track record for distribution growth. NuStar’s fee-based transportation and storage assets make it less susceptible to commodity price weakness. Further, the partnership acquired Dallas-based private pipeline company, Navigator Energy Services, which marks the partnership’s entry into the Permian Basin and is likely to boost its revenue. The company recently started a binding open season to boost its Permian capacity, which is likely to enhance the partnership's profitability, helping it to lower its leverage metrics. Of late, NS has also been witnessing strong earnings estimate revisions  for 2018. All these factors form the basis of our bullish stance on the prospects of the stock.”

Royal Caribbean Cruises (NYSE:RCL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $142.00 target price on the stock. According to Zacks, “Royal Caribbean is currently benefiting from strong booking trends and capacity growth along with its profitability initiatives. The company’s shares have outpaced the industry on a year to date basis. Going forward, we are particularly positive on the company’s new three-year program — 20/20 Vision — designed to drive performance. It leverages the culture and the discipline instilled by Double-Double program while including a broader set of goals. The company’s sailings are likely to continue performing strongly in the long term, given strong bookings trends. However, higher costs might hurt the company’s profitability. Further, lingering global uncertainties in key operating regions along with negative currency translation remain concerns. Estimate revisions for 2018 earnings have been stable over the last 60 days.”

Sally Beauty (NYSE:SBH) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $21.00 target price on the stock. According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “

SCANA (NYSE:SCG) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “SCANA Corporation recently signed a merger deal with larger peer Dominion Energy Inc.The recent merger agreement has pleased the customers as upon deal closure, Dominion is expected to make a payment of $1.3 billion to the customers of SCANA. Hence, on average, each client of SCANA will likely receive $1000. On top of that, Dominion decided to lower customer bills by 5%. Moreover, Dominion has decided that they will not ask customers to pay $1.7 billion capital related to the failed nuclear project. However, the company’s balance sheet is not attractive as reflected that cash and equivalents are recorded at slightly more than $1 billion, as compared to a debt pile of roughly $7.7 billion – both long and short term. Also, the stock plunged 39.3% over the past year, underperforming the industry’s 1.1% gain.”

Societe Generale (OTCMKTS:SCGLY) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. They currently have $13.00 target price on the stock. According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Receive News & Ratings for Bayer AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bayer AG and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.