Equities Research Analysts’ Updated EPS Estimates for September, 12th (AET, ALK, BMY, BOSS, EAT, HTH, ICE, IKTSY, MDT, PHH)
Aetna (NYSE:AET) had its buy rating reaffirmed by analysts at Argus.
Alaska Air Group (NYSE:ALK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Alaka Air Group have underperformed its industry on a year-to-date basis mainly due to escalating expenses. Increased labor costs are expected to hurt the company's bottom line in the third quarter of 2017, just like the second quarter. The rise in fuel costs is also projected to limit bottom-line growth. Moreover, costs related to the Virgin America acquisition should be a drag on earnings. In fact, the negative sentiment surrounding the stock can be made out from the fact that the Zacks Consensus Estimate for current-quarter earnings has been revised 3.9% downward in the last 30 days. We are, however, impressed by the company’s efforts to reward shareholders through dividends and buybacks.”
Bristol-Myers Squibb (NYSE:BMY) was downgraded by analysts at Hilliard Lyons from a buy rating to a neutral rating.
Hugo Boss AG (ETR:BOSS) had its neutral rating reissued by analysts at DZ Bank AG.
Brinker International (NYSE:EAT) had its buy rating reissued by analysts at Maxim Group. They currently have a $49.00 target price on the stock. The analysts wrote, “We reiterate our Buy rating and $49 price target on Brinker International (EAT) as we see Hurricanes Harvey and Irma leaving a measurable, though short- lived, impact on FY18 results.””
Hilltop Holdings (NYSE:HTH) had its neutral rating reiterated by analysts at Keefe, Bruyette & Woods.
Intercontinental Exchange (NYSE:ICE) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Intercontinental Exchange have underperformed the industry in a year’s time. Also, the company saw its 2017 and 2018 estimates also moved south over the last 60 days. Foreign currency fluctuations and stricter regulations raise concerns. Also, the company estimates third-quarter expenses in the range of $480–$490 million with interest expense to be $47 million in the third quarter and $49 million for fourth- quarter 2017, respectively. Nonetheless, successful integration of acquisitions, achievement of cost synergies and reduced debt level well poise Intercontinental Exchange for long term growth. Also, continued strength in its energy franchise, increasing recurring market data revenues and ongoing initiatives should keep growth on track. For 2017, management expects data services revenues to increase at least 6% in constant currency.”
Intertek Gp Plc (OTCMKTS:IKTSY) had its neutral rating reissued by analysts at UBS AG.
Medtronic PLC (NYSE:MDT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Over the last three months, Medtronic has been observed to underperform the broader industry. We note that, escalating costs and expenses are weighing on margins. Also, unfavorable foreign exchange continues to remain a drag. On a positive note, we observe that apart from displaying successful integration and achievement of synergy targets, Medtronic’s major business groups continue to contribute to top-line growth which highlighted sustainability across all segments and geographies. Recently, the company announced the receipt of regulatory approval from the Japanese MHLW for its IN.PACT Admiral Drug-Coated Balloon. The stabilizing trend in the global Cardiac Rhythm & Heart Failure (CRHF) market is another upside. We are also encouraged by the solid growth trend, continuing in the U.S. as well as the healthy global acceptance of its advanced therapies.”
PHH Corp (NYSE:PHH) had its hold rating reissued by analysts at Keefe, Bruyette & Woods. They currently have a $15.00 target price on the stock.
Smc Corp Spon (NASDAQ:SMCAY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SMC Corp. engages in the manufacture, processing and sale of automatic control equipment. It also manufactures and sells filters and filtration equipment. The company operates through the Automatic Control Equipment and Others segments. Automatic Control Equipment segment manufactures and sale of air preparation equipment, pressure control equipment, directional control valves and actuators. Others segment includes the commercial warehousing business. SMC Corp. is headquartered in Tokyo, Japan. “
Ssp Group Plc (NASDAQ:SSPPF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SSP Group PLC operates food and beverage outlets. It also operates restaurants, bars, cafes, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. SSP Group PLC is headquartered in London, the United Kingdom. “
Swiss Re (OTCMKTS:SSREY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Swiss Reinsurance Company Ltd operates as a reinsurance company. The Company offers automobile, liability, accident, engineering, marine, aviation, life, and health insurance. It provides wholesale reinsurance products, insurance-based capital market instruments, and supplementary risk management services to Property & Casualty and Life & Health clients and brokers around the globe. Swiss Reinsurance Company Ltd headquartered in Zurich, Switzerland. “
Third Point Reinsurance (NYSE:TPRE) had its buy rating reiterated by analysts at Keefe, Bruyette & Woods. They currently have a $16.50 target price on the stock.
Acceleron Pharma (NASDAQ:XLRN) had its buy rating reiterated by analysts at UBS AG. They currently have a $50.00 price target on the stock, up from their previous price target of $36.00.
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