Analysts’ updated eps estimates for Monday, September 4th:

Adva Optical Netwo (NASDAQ:ADVOF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $7.75 price target on the stock. According to Zacks, “ADVA Optical Networking SE develops, manufactures and sells optical and Ethernetbased networking solutions. It serves telecommunications service providers, private companies, universities and government agencies. ADVA Optical Networking SE is headquartered in Munich, Germany. “

The AES Corporation (NYSE:AES) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “.AES Corp continues to streamline its portfolio through asset divestments and by exiting markets and businesses where it does not have or cannot develop a competitive advantage. The company’s strategy of reducing complexity through withdrawal of operations in the risk markets is appreciable. Further, its efforts to expand the generation business and renewable assets could drive growth going forward. The company also holds a strong liquidity position, which allowed management to make a promise of 10% growth in dividend, every year. However, commodity price volatility, stringent environmental regulations and operational risks continue to pose challenges for the stock. Also the political instability prevalent in Brazil may hurt the company’s growth in the country.  Moreover, the stock underperformed the broader industry in the past one year.”

Aradigm Corporation (NASDAQ:ARDM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Aradigm Corp. is a leading developer of advanced pulmonary drug delivery systems for the treatment of systemic conditions as well as lung diseases. Their hand-held AERx platform is being designed for the rapid and reproducible delivery of a wide range of pharmaceutical drugs and biotech compounds via the lung. “

Alteryx (NYSE:AYX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “

Bob Evans Farms (NASDAQ:BOBE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $77.00 price target on the stock. According to Zacks, “BOB EVANS FARMS, INC. is divided into two principal industry segments: the food products segment and the restaurant segment. The company owns and operates restaurants, including Bob Evans Restaurants, Owens Family Restaurants, Bob Evans small-town Restaurants and Cantina Del Rio Mexican restaurants. They also produce fresh and fully-cooked sausage products and fresh, deli-style salads which are distributed primarily to grocery stores in the Midwest, Southwest and Southeast. “

Bouygues (NASDAQ:BOUYY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $7.00 price target on the stock. According to Zacks, “Bouygues SA is a diversified industrial group. The company’s business sectors of activity consists of Construction includes building & civil works and energies & services, Immobilier includes property development and Colas, Telecoms, with Bouygues Telecom and Media, with TF1. Bouygues SA is based in Paris, France. “

Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $12.00 target price on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “

GATX Corporation (NYSE:GATX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of GATX Corporation have outperformed the industry it belongs to, in a year, on the back of its strong product portfolio. Moreover, the company has an impressive earnings history having outshined the Zacks Consensus Estimate in each of the past four quarters. We are also impressed by GATX Corporation's efforts to reward investors through share buybacks and dividend payments. In Jan 2017, the company raised its quarterly dividend by 5% to $0.42. However, the company's struggles on the top line front bother us. Moreover, GATX is a highly leveraged company.  The company’s tepid outlook for 2017 reflects the tough market conditions. It expects 2017 earnings per share between $4.40 and $4.60. The projection is much below the figure recorded in 2016.”

Gol Linhas Aereas Inteligentes (NYSE:GOL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $20.00 target price on the stock. According to Zacks, “Shares of GOL Linhas have outperformed its industry in the last six months. The company is benefitting from the improvement in the Latin American economy. The carrier's view for full-year 2017 is impressive. The company expects earnings before interest and taxes (EBIT) margin in the band of 7% to 9%. The guidance for EBITDA margin stands in the range of 12% to 14%. The carrier's efforts to reduce debt levels are also encouraging. The carrier has been undergoing a thorough restructuring process to revive itself. We expect the company’s focus on capacity discipline to result in improvement in yields, going forward. However, increasing expenses on aircraft fuel continue to limit bottom-line growth.”

PPL Corporation (NYSE:PPL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of PPL Corp. have gained higher than the industry in the last 12 months. PPL Corp. is poised to gain from its capital investment plan, which primarily focuses on infrastructure construction projects for generation, transmission and distribution. It has reestablished its hedge levels to shield itself from any near-term decline in the GBP. PPL Corp’s earnings are expected to improve annually by 5-6% in 2017-2020 time period, thanks to the contribution from its domestic and U.K. operations. However, environmental regulatory risks pose challenges to PPL Corp.’s growth. The company’s operations are also subject to service disruptions in the form of breakdown of equipment. Unfavorable weather in Kentucky is also adversely impacting earnings.”

Tech Data Corporation (NASDAQ:TECD) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tech Data reported fiscal second-quarter 2018 results wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. Earnings were marred by competitive pricing, execution challenges as well as rebates issue. On the other hand, acquisition of the Technology Solutions business from Avnet cushioned the top line. Apart from strengthening its distribution capabilities in Europe and the Americas, the buyout also introduced a new market, i.e. Asia-Pacific region. The increasing demand for data center systems, cloud and mobility products are also positives for Tech Data. Nevertheless, rising DRAM and NAND chips prices will eventually increase the price of PCs, which may result in further decline in overall PC shipments. This makes us cautious over the near-term performance. Moreover, a sluggish IT spending environment, uncertain macroeconomic condition and intense competition remain headwinds.”

TE Connectivity (NYSE:TEL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $89.00 target price on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. The company expects transportation business to experience high-single-digit organic growth, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Moreover, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date.”

CVR Partners, (NYSE:UAN) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “CVR Partners' loss for the second quarter of 2017 was lower than the Zacks Consensus Estimate. Revenues fell by double digits year over year in the quarter. CVR Partners remains committed to ramp up its UAN production capacity. The company should also benefit from the Rentech Nitrogen acquisition and healthy demand for nitrogen fertilizers in second-half 2017. However, CVR Partners has underperformed the industry it belongs to over the last three months. The company remains exposed to headwinds from weak nitrogen fertilizer prices. Abundant nitrogen supply driven by new production capacity is expected weigh on global prices this year. The company also faces intense price competition.”

United Natural Foods (NASDAQ:UNFI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of United Natural have underperformed the industry over the past one year. We note that sales of the company have lagged estimates for the last 10 quarters in a row. The company has been struggling with ongoing industry challenges including increased competition and an aggressive promotional environment. Traditional grocery companies are facing competition from rival companies, which are strengthening their franchises and are offering alternative outlets for food and other staples. As a result of such headwinds the company has slashed its fiscal 2017 sales guidance. Also, United Natural’s excessive dependency on its sole customer Whole Foods Market poses as a formidable risk. Nevertheless the company is observed to be benefiting from its strategic acquisitions and plans to continue acquiring prospective businesses. Ahead of its quarterly results, estimates for the fourth quarter and for fiscal 2017 have remained stable.”

Unum Group (NYSE:UNM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of Unum Group have outperformed industry in a year's time. The company’s premiums continue to increase, fueled by solid persistency levels in core business lines and sturdy volume of sales, along with solid benefits experience. Acquisitions have provided an additional support. Starmount Life Insurance Company buyout gave access to growth opportunities in the dental market, which is in sync with its strategy to focus more on the employee benefits business. A sustained favorable performance drives solid capital generation and strong financial flexibility aiding active capital deployment. Unum expects 2017 operating earnings to grow 5–8% over the 2016 level. However, exposure to low interest rate environment remains the key headwind affecting the Unum U.K. results.”

Vmware (NYSE:VMW) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $121.00 price target on the stock. According to Zacks, “VMware reported impressive second-quarter fiscal 2018 results. Both earnings and revenues beat the Zacks Consensus Estimates. The strong top-line growth can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”

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