Published On: Tue, Sep 13th, 2016

Equities Research Analysts’ Updated EPS Estimates for September, 13th (AAL, ACIIQ, AGTC, AGU, ALGT, ALK, APAM, APC, APOG, ASH)

Equities Research Analysts’ updated eps estimates for Tuesday, September 13th:
American Airlines Group (NASDAQ:AAL) had its sell rating reaffirmed by analysts at Credit Suisse Group AG. Credit Suisse Group AG currently has a $34.00 target price on the stock.
Arch Coal (NASDAQ:ACIIQ) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to a neutral rating.

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Applied Genetic Technologies Corp. (NASDAQ:AGTC) was downgraded by analysts at Roth Capital from a buy rating to a neutral rating. They currently have $12.00 target price on the stock, down from their previous target price of $34.00.
Agrium (NYSE:AGU) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Agrium saw lower profits in second-quarter 2016 on weak selling prices across all nutrients. Adjusted earnings beat the Zacks Consensus Estimate while  sales missed. In a major move, Agrium and Potash Corp. have agreed to merge in a deal that would create the world’s biggest crop nutrient company.  The proposed merger is expected to create significant cost and operational synergies. However, Agrium is still reeling under the effects of the depressed prices of crop nutrients. The crop pricing environment is expected to remain soft in the near term. Nitrogen prices also remain under pressure. The company has cut its earnings guidance for 2016 factoring in sustained pricing pressure. Agrium is also faced with issues such as logistical constraints. Nevertheless, Agrium should benefit from overall healthy trends in the crop input market in the long haul and its internal growth initiatives.”
Allegiant Travel (NASDAQ:ALGT) had its hold rating reaffirmed by analysts at Credit Suisse Group AG. They currently have a $133.00 price target on the stock.
Alaska Air Group (NYSE:ALK) had its buy rating reiterated by analysts at Credit Suisse Group AG. The firm currently has a $85.00 target price on the stock.
Artisan Partners Asset Management (NYSE:APAM) had its hold rating reaffirmed by analysts at Jefferies Group. Jefferies Group currently has a $29.00 target price on the stock.
Anadarko Petroleum Corp. (NYSE:APC) was upgraded by analysts at Johnson Rice from an accumulate rating to a buy rating.
Apogee Enterprises (NASDAQ:APOG) had its buy rating reaffirmed by analysts at DA Davidson. They currently have a $56.00 target price on the stock.
Ashland (NYSE:ASH) had its buy rating reaffirmed by analysts at Jefferies Group. The analysts wrote, “On Thursday, RRC and MRD shareholders will vote on its proposed merger. We expect both votes to pass with the deal closing 1-2 business days later. The acquisition will give RRC a highly prolific Cotton Valley position, NYMEX price exposure, and substantial upside through down-spacing/extension efforts. When combined with RRC’s long-dated Marcellus inventory, we think the transaction creates the premiere US natural gas investment.””
Sidoti initiated coverage on shares of BioTelemetry (NASDAQ:BEAT). They issued a buy rating on the stock.
Box (NYSE:BOX) had its buy rating reissued by analysts at Canaccord Genuity. Canaccord Genuity currently has a $17.00 price target on the stock.
Atlantic Securities assumed coverage on shares of Broadridge Financial Solutions (NYSE:BR). The firm issued an overweight rating on the stock.
Buffalo Wild Wings (NASDAQ:BWLD) had its outperform rating reissued by analysts at BMO Capital Markets. They currently have a $200.00 target price on the stock.
Cabot Corp. (NYSE:CBT) had its buy rating reissued by analysts at Jefferies Group. They currently have a $60.00 price target on the stock.
Celgene Corp. (NASDAQ:CELG) had its buy rating reiterated by analysts at Jefferies Group. They currently have a $137.00 price target on the stock.
Costco Wholesale Corp. (NASDAQ:COST) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Costco’s sluggish comparable sales performance remains a cause of concern. Comps during the third quarter of fiscal 2016 remained flat, following an increase of 1% in the preceding quarter. While still lower gasoline price is impacting U.S. comps, currency fluctuations are hurting international comps. On the sales front, the company had missed the Zacks Consensus Estimate for sixth quarter in row. Stiff competition and cautious consumer spending have been weighing upon the sector’s performance. Nevertheless, cash-strapped customers continue to reckon Costco as a viable option for low-cost necessities. It continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. We are also encouraged by the company’s expansion strategy, as it remains committed to opening new clubs in the domestic and international markets.The company is also gradually expanding its E-commerce capabilities.”
Callon Petroleum (NYSE:CPE) had its buy rating reissued by analysts at KLR Group. The firm currently has a $21.00 price target on the stock, up from their previous price target of $18.00.
Delta Air Lines (NYSE:DAL) had its buy rating reaffirmed by analysts at Credit Suisse Group AG. The firm currently has a $52.00 target price on the stock.
3D Systems Corp. (NYSE:DDD) had its hold rating reaffirmed by analysts at Canaccord Genuity. The analysts wrote, “Special dividend declared. Syntel has declared a cash dividend of $15 per share, payable on October 3rd. We expect the stock to trade ex-dividend the day after on October 4th. The dividend will be funded through dividends from U.S. subsidiaries, the one-time repatriation of approximately $1.24 bn of cash held by foreign subsidiaries and a portion of borrowings under a new senior credit facility. Syntel expanded its borrowing capacity to $500 mn under a new senior credit facility.””
3D Systems Corp. (NYSE:DDD) had its hold rating reaffirmed by analysts at Jefferies Group. They currently have a $15.00 target price on the stock.
3D Systems Corp. (NYSE:DDD) had its hold rating reaffirmed by analysts at Pacific Crest.
DigitalGlobe (NYSE:DGI) had its buy rating reiterated by analysts at Jefferies Group. The firm currently has a $30.00 target price on the stock. The analysts wrote, “DGI’s WorldView-4 satellite is set for launch on an ULA Atlas V on Sept. 16. The satellite is designed to provide 30 cm resolution in a panchromatic format and offers 1.24 m resolution for multi-spectral applications.””
Ford Motor (NYSE:F) had its outperform rating reissued by analysts at Credit Agricole SA. The firm currently has a $13.00 price target on the stock.
FedEx Corp. (NYSE:FDX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “We expect FedEx to deliver impressive first-quarter fiscal 2017 results on Sep 20 driven by strong sales at its Ground business.  The company has an impressive earnings history, having outshined the Zacks Consensus Estimate in three of the last four quarters. With rival United Parcel recently announcing its decision to hike its service rates, FedEx is expected to follow suit on Sep 20. Updates on the integration process of TNT Express, which was acquired this May, will also be in focus. Even though positive on the buyout, costs related to the acquisition might hurt its first quarter results. A detailed commentary on the impact of Brexit on the company is also in the cards. With so much to look forward to, it is of little surprise that the Zacks Consensus Estimate is unchanged prior to the fiscal first-quarter release as the earnings performance of FedEx is likely to determine its future direction.”
Five Below (NASDAQ:FIVE) had its buy rating reaffirmed by analysts at MKM Partners. They currently have a $60.00 target price on the stock.
Finisar Corp. (NASDAQ:FNSR) had its buy rating reaffirmed by analysts at Needham & Company LLC. Needham & Company LLC currently has a $32.00 price target on the stock, up from their previous price target of $28.00.
General Electric (NYSE:GE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $34.00 target price on the stock. According to Zacks, “General Electric is actively restructuring its portfolio by divesting most of the GE Capital assets in order to redefine itself as a core industrial entity. In order to augment its revenues, the company has also initiated steps to supplement its digital presence in Europe and foster growth of the industrial ecosystem for the continent’s overall development. The strategic acquisitions in 3D printing business will further boost its existing material science and additive manufacturing capabilities as it expects to grow the new additive business to $1 billion by 2020 at attractive returns. The company has a positive earnings history in the trailing four quarters, beating estimates thrice.  Earnings estimates have also remained steady in the last week. However, despite prudent steps to limit financial exposure, it is still susceptible to various market risks. Significant order backlog and international exposure remain other headwinds.”
Globant SA (NYSE:GLOB) had its hold rating reaffirmed by analysts at Cantor Fitzgerald. They currently have a $43.00 price target on the stock.
Gentex Corp. (NASDAQ:GNTX) had its outperform rating reissued by analysts at Wells Fargo & Co.. The firm currently has a $19.00 target price on the stock.
Gramercy Property Trust (NYSE:GPT) had its buy rating reiterated by analysts at JMP Securities.
Seaport Global Securities assumed coverage on shares of W.R. Grace & Co. (NYSE:GRA). They issued a neutral rating and a $81.00 price target on the stock.
Home BancShares (NASDAQ:HOMB) was downgraded by analysts at Sandler O’Neill from a buy rating to a hold rating.
Tigress Financial began coverage on shares of At Home Group (NASDAQ:HOME). They issued a buy rating on the stock.
Hewlett-Packard (NYSE:HPQ) had its buy rating reissued by analysts at Jefferies Group. Jefferies Group currently has a $16.75 price target on the stock.
Hewlett-Packard (NYSE:HPQ) had its sector perform rating reiterated by analysts at RBC Capital Markets. RBC Capital Markets currently has a $14.00 price target on the stock.
Lake Street Capital began coverage on shares of Harsco Corp. (NYSE:HSC). They issued a buy rating and a $17.00 target price on the stock.
Iberiabank Corp. (NASDAQ:IBKC) had its hold rating reissued by analysts at Sandler O’Neill. They currently have a $72.00 price target on the stock.
Intel Corp. (NASDAQ:INTC) had its outperform rating reaffirmed by analysts at Wells Fargo & Co..
IPG Photonics Corp. (NASDAQ:IPGP) had its outperform rating reiterated by analysts at Credit Agricole SA. The firm currently has a $92.00 target price on the stock.
Iron Mountain (NYSE:IRM) had its buy rating reiterated by analysts at Stifel Nicolaus.
Invesco PLC (NYSE:IVZ) had its buy rating reaffirmed by analysts at Jefferies Group.
Johnson & Johnson (NYSE:JNJ) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $133.00 price target on the stock. According to Zacks, “J&J’s Pharma segment is performing well despite challenges like generic competition for a few products, currency impact and lower HCV revenues. Contribution from new as well as core products, share buybacks and the restructuring initiative should help drive results. Although headwinds like negative currency movement, generics, pricing pressure, and soft global market conditions remain, we believe J&J’s diversified business model, deep pipeline, lack of cyclicality and strong financial position will continue helping the company pave its way through tough situations. We expect the company to continue pursuing bolt-on acquisitions and deals to boost its portfolio. J&J has a deep and promising pipeline with a good new product launch record. “
Michael Kors Holdings (NYSE:KORS) had its hold rating reaffirmed by analysts at Credit Suisse Group AG. The firm currently has a $55.00 price target on the stock.
Mindbody (NASDAQ:MB) had its buy rating reissued by analysts at Pacific Crest.
Microsoft Corp. (NASDAQ:MSFT) had its buy rating reissued by analysts at Pacific Crest. Pacific Crest currently has a $65.00 price target on the stock.
MGIC Investment Corp. (NYSE:MTG) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $9.50 price target on the stock. According to Zacks, “MGIC Investment’s insurance in force has been witnessing growth owing to the addition of high quality new insurance. Notably, in the second quarter the metric rose 5.2% year-over-year. Per the August operating statistics, the company’s insurance in force grew 4.6% year over year. Going ahead, we expect this metric to rise further. Also, positive credit trends, low expense ratio are tailwinds. Moreover, an improving housing market as well as declining delinquency will boost the company’s earnings in the coming quarters. Also, the Zacks Consensus Estimate has witnessed upward revisions over the last 30 days. However, a competitive environment and pressure to maintain capital at required level will reduce the company’s capital flexibility.”
Oracle Corp. (NYSE:ORCL) had its buy rating reiterated by analysts at Jefferies Group.
Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was downgraded by analysts at Tudor Pickering from a buy rating to a hold rating.
Provident Financial Services (NYSE:PFS) was downgraded by analysts at Sandler O’Neill to a hold rating.
Pinnacle Financial Partners (NASDAQ:PNFP) was downgraded by analysts at Sandler O’Neill from a buy rating to a hold rating.
Potash Corp. of Saskatchewan (NYSE:POT) was downgraded by analysts at Scotiabank from an outperform rating to a sector perform rating.
PRA Health Sciences (NASDAQ:PRAH) had its buy rating reaffirmed by analysts at Jefferies Group.
Bankrate (NYSE:RATE) had its buy rating reissued by analysts at Needham & Company LLC. They currently have a $15.00 target price on the stock.
Spirit Airlines (NASDAQ:SAVE) had its buy rating reiterated by analysts at Credit Suisse Group AG. The firm currently has a $55.00 price target on the stock.
S&P Global (NYSE:SPGI) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $139.00 target price on the stock. According to Zacks, “After completing with its portfolio restructuring, McGraw-Hill Financial rechristened as S&P Global is now focusing on its core business that would help it emerge as a leader among rating providers, benchmark providers, and analytics in the global capital and commodity markets. In addition, to aid its goal of emerging as a leader in the global analytics arena, the company has also made strategic investments. All these endeavors have helped the company to continue with its positive earnings surprise streak for the fourteenth quarters in row, when it reported second-quarter 2016 results. However, McGraw-Hill’s results could be hampered by lower volume of debt securities issued in capital markets. Recently, the company released its global bond issuance forecast. The company expects global issuance in 2016 to fall 3.8% in comparison to its previous forecast of nearly 2%.”
Sterling Construction (NASDAQ:STRL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Sterling Construction Company, Inc. is a holding company which has historically operated as a wholesale distributor to the automotive aftermarket and construction through two subsidiaries, Steel City Products and Dowling’s Fleet Service. “
Swire Pacific (OTCMKTS:SWRAY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “
Southwest Gas Corp. (NYSE:SWX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SOUTHWEST GAS CORP. is principally engaged in the business of purchasing, transporting, and distributing natural gas in portions of Arizona, Nevada, and California. The Company also engaged in financial services activities, through PriMerit Bank, Federal Savings Bank (PriMerit or the Bank), a wholly owned subsidiary. “
Teradata Corp. (NYSE:TDC) had its market perform rating reissued by analysts at Cowen and Company. They currently have a $32.00 target price on the stock.
Tyler Technologies (NYSE:TYL) had its buy rating reissued by analysts at Pacific Crest.
United Continental Holdings (NYSE:UAL) had its hold rating reiterated by analysts at Credit Suisse Group AG. The firm currently has a $47.00 price target on the stock.
United Parcel Service (NYSE:UPS) had its outperform rating reaffirmed by analysts at William Blair.
United Technologies Corp. (NYSE:UTX) had its outperform rating reissued by analysts at Wells Fargo & Co..
Zynga (NASDAQ:ZNGA) had its outperform rating reissued by analysts at FBR & Co. FBR & Co currently has a $4.25 target price on the stock.

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