Investment Analysts’ updated eps estimates for Wednesday, August 30th:

Anthem (NYSE:ANTM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Anthem’s shares have outperformed the industry in last one year. The company’s diverse product portfolio has helped in improving underwriting results. Anthem’s strategic acquisitions, divestures and ACO arrangements further pave the way for long-term growth. Its rising level of medical membership continues to boost the top line. The company’s strong capital position backs effective capital deployment. Its frequent share buyback programs and regular dividend payments primarily aim at enhancing shareholders’ value. In last 30 days, the Zacks Consensus Estimate for 2017 and 2018 has been revised upward. Followed by strong results in first half of 2017, the company has raised the earnings and revenue guidance for 2017. However, the company’s high-debt level poses financial risk. Rising interest expenses may hurt margins.  Also, the company’s weak public exchange business continues to bother.”

Cae (TSE:CAE) (NYSE:CAE) was upgraded by analysts at BMO Capital Markets from a market perform rating to an outperform rating. BMO Capital Markets currently has C$23.00 target price on the stock.

Carnival Corporation (NYSE:CCL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”

CES Energy Solutions Corp (TSE:CEU) had its strong-buy rating reaffirmed by analysts at Raymond James Financial, Inc.. Raymond James Financial, Inc. currently has a C$8.50 price target on the stock.

Bank of America Corporation assumed coverage on shares of China Telecom Corp (NYSE:CHA). Bank of America Corporation issued a buy rating on the stock.

Bank of America Corporation assumed coverage on shares of China Mobile (Hong Kong) (NYSE:CHL). The firm issued a buy rating on the stock.

Bank of America Corporation started coverage on shares of China Unicom (Hong Kong) (NYSE:CHU). Bank of America Corporation issued a neutral rating on the stock.

Distinct Infrastructure Group (CVE:DUG) was downgraded by analysts at Canaccord Genuity from a speculative buy rating to a hold rating. They currently have C$1.45 price target on the stock, down from their previous price target of C$1.95.

Hasbro (NASDAQ:HAS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Hasbro’s earnings have topped the Zacks Consensus Estimate in all the past 10 quarters. Revenues too have been surpassing the consensus mark, except for the last quarter. Consistent efforts to establish its global presence via strategic partnerships and rapid growth in emerging markets should continue driving the top- and bottom–line performance. However, Hasbro’s shares have underperformed its industry year to date. Even so, this year’s rich content slate, new product launches, diverse initiatives to boost sales along with a favorable gaming portfolio should further drive growth ahead. Going forward, the Franchise and Partner Brands, particularly, are expected to perform consistently in 2017 given global digital content and innovative offerings. Yet, increased competition from alternative modes of entertainment might limit top-line growth, while high costs along with macroeconomic and currency headwinds may pressurize profits.”

Hudson's Bay Co (TSE:HBC) had its sector perform rating reissued by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a C$9.00 target price on the stock.

Lincoln National Corporation (NYSE:LNC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Over the last one year, Lincoln National’s shares have outperformed the industry.  The company is well positioned for long-term growth, given its focus on reducing exposure to businesses with long-term guarantee. It has also streamlined its business by axing unprofitable and non-core lines.  The stock has witnessed an upward revision in the Zacks Consensus Estimate for 2017 over the past 30 days. However, increased expense driven by investment in technology will dent margins over the next many quarters. Declining cash flows are also causes of concern.”

Lundin Petroleum AB (TSE:LUP) was downgraded by analysts at Royal Bank Of Canada from a sector perform rating to an underperform rating. They currently have C$140.00 target price on the stock, down from their previous target price of C$150.00.

Otonomy (NASDAQ:OTIC) was downgraded by analysts at Piper Jaffray Companies from an overweight rating to a neutral rating.

Royal Caribbean Cruises (NYSE:RCL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”

Raymond James Financial (NYSE:RJF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $87.00 target price on the stock. According to Zacks, “Shares of Raymond James have outperformed the industry over the past three months. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company remains well positioned to grow via acquisitions. In April, it announced a deal to acquire Scout Investments and Reams Asset Management division. In 2016, the company acquired U.S. Private Client Services unit of Deutsche Asset & Wealth Management, which along with the prior transactions should help in expanding its market share. However, elevated expenses and concentration risks arising from significant dependence on U.S. operations for revenues remain major concerns for the company. Nevertheless, Raymond James’ capital deployment activities continue to gain investors’ confidence.”

State Street Corp (NYSE:STT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $103.00 price target on the stock. According to Zacks, “Shares of State Street have significantly outperformed the industry, over the last six months. This performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. Further, the company remains on track to improve efficiency through its multi-year restructuring plan. New business wins, synergies from GE Asset Management deal, easing margin pressure and potential lesser regulations are likely to aid top-line growth. Though mounting expenses (owing to higher compensation and employee benefit costs) might hurt profitability in the near-term, given a solid liquidity position, the company is expected to continue with its capital deployment activities.”

Yanzhou Coal Mining Co (NASDAQ:YZCAY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Yanzhou Coal Mining Company Limited is engaged in the underground mining of prime quality, low-sulfur coal from its mines in Shandong Province, China and is one of China’s largest coal producers and coal exporters. Based on coal output per production employee, the company is one of the most efficient underground coal mining enterprises in China.(Press Release) “

Zafgen (NASDAQ:ZFGN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $4.00 price target on the stock. According to Zacks, “Zafgen, Inc. is a biopharmaceutical company. The Company develops therapeutics for patients suffering from obesity and obesity-related disorders. Its lead product candidate includes Beloranib, an injection that is in Phase II clinical trials for the treatment of various indications comprising obesity and hyperphagia in Prader-Willi Syndrome patients, craniopharyngioma-associated obesity, and severe obesity in the general population. Zafgen, Inc. is headquartered in Cambridge, Massachusetts. “

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