Analysts’ Upgrades for September, 1st (AMSF, AMTD, CBWBF, KGC, KSU, RCL, SCS, TFX, TPX, VIVHY)
AMERISAFE (NASDAQ:AMSF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $60.00 price target on the stock. According to Zacks, “Shares of Amerisafe have underperformed its industry in the last three months. The company’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage impress. Cost control measures will provide a cushion to operating margins at a time when top-line growth is difficult to achieve. Moreover, Amerisafe has maintained a niche position in the workers' compensation market. Nevertheless we are concerned with revenue decline in the past two years which continued through the first half of 2017. Also its cash flow remains under pressure due to a decrease in premium collections, increase in losses paid and underwriting expenses.”
TD Ameritrade Holding Corporation (NASDAQ:AMTD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $48.00 target price on the stock. According to Zacks, “Shares of TD Ameritrade have outperformed the industry in the past year. Yet, the company’s earnings surprise history is not that impressive. It surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. We remain cautious of the elevated costs, which are likely to weigh on the financials. However, the company recorded a rise in average client trades per day in the fiscal third quarter with the trend continuing in the first month of the current quarter, indicating trading activity improvement. Further, its deal to acquire Scottrade is likely to be accretive to earnings per share (EPS) in double digits. Also, TD Ameritrade’s steady capital deployment activities and revenue growth are encouraging. Moreover, easing margin pressure is another tailwind.”
Cdn Western Bank (NASDAQ:CBWBF) was upgraded by analysts at Royal Bank Of Canada from a sector perform rating to an outperform rating.
Kinross Gold Corporation (NYSE:KGC) (TSE:K) was upgraded by analysts at Citigroup Inc. from a sell rating to a neutral rating.
Kansas City Southern (NYSE:KSU) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $115.00 price target on the stock. According to Zacks, “Kansas City Southern's shares comfortably outperformed the industry it belongs to. The stock has gained 9.3%, as against the industry’s decline of 2.5% in the last three months. The improving scenario with respect to coal is aiding Kansas City Southern significantly. We are also bullish on the company's efforts to reward shareholders dividend payments and buybacks. In line with this objective, the company recently hiked its quarterly dividend in excess of 9%. Moreover, its board cleared a new share repurchase program worth $800 million. Sluggish intermodal revenues and high fuel costs, however, remain concerns.”
Royal Caribbean Cruises (NYSE:RCL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $136.00 price target on the stock. 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.”
Steelcase (NYSE:SCS) was upgraded by analysts at Sidoti from a neutral rating to a buy rating.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) was upgraded by analysts at National Bank Financial from a sector perform rating to an outperform rating.
Teleflex (NYSE:TFX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $232.00 target price on the stock. According to Zacks, “Teleflex Inc. designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company offers its products to hospitals and healthcare providers through its direct sales force and distributors. Teleflex was founded in 1943 and is headquartered in Wayne, Pennsylvania. “
Tempur Sealy International (NYSE:TPX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $69.00 target price on the stock. According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “
Vivendi SA (NASDAQ:VIVHY) was upgraded by analysts at Barclays PLC from an underweight rating to an equal weight rating.
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