Analysts’ updated eps estimates for Monday, September 4th:
AA PLC (NASDAQ:AATDF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “AA PLC offers automobile insurance and breakdown coverage. Its operating segment consists of Roadside Assistance, Insurance Services, Driving Services, Ireland and Insurance Underwriting. The company serves car manufacturers, fleet and leasing companies and insurance companies. AA PLC is based in Basingstoke, the United Kingdom. “
Ashtead Group plc (LON:AHT) had its buy rating reiterated by analysts at Jefferies Group LLC. They currently have a GBX 2,000 ($25.87) price target on the stock.
Deutsche Telekom AG (NYSE:DT) had its neutral rating reaffirmed by analysts at Citigroup Inc..
LSL Property Services plc (LON:LSL) had its hold rating reaffirmed by analysts at Jefferies Group LLC. They currently have a GBX 220 ($2.85) target price on the stock.
McBride plc (LON:MCB) was upgraded by analysts at Peel Hunt to a buy rating. They currently have GBX 215 ($2.78) price target on the stock.
Model N (NYSE:MODN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $15.00 price target on the stock. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding product portfolio post the Revitas acquisition. Also the company is benefiting from a growing customer base, and cost synergies from acquisitions. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
Northrop Grumman Corporation (NYSE:NOC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “As one of the top largest U.S. defense contractors, Northrop continues to enjoy strong presence in Air Force, Space & Cyber Security programs. Moreover, its product innovation and focus on strengthening its ISR wing will help maintain a stable earnings stream amid the rapidly changing needs of the defense landscape. The company maintains a strong balance sheet and steady cash flow that offer substantial financial flexibility. With rising demand for arsenals across the globe, foreign military sales continue to be a major growth driver for Northrop. However, challenging economic and political factors have been raising concerns. Moreover, too much dependence on fixed-price contracts remains a concern for the stock.”
Telefonica SA (NYSE:TEF) had its buy rating reiterated by analysts at Citigroup Inc..
Royal Bank Of Canada assumed coverage on shares of Greencoat UK Wind PLC (LON:UKW). Royal Bank Of Canada issued an outperform rating on the stock.
Vodafone Group plc (LON:VOD) had its underperform rating reaffirmed by analysts at Macquarie.
