Equities Research Analysts’ upgrades for Friday, September 8th:
Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $27.00 target price on the stock. According to Zacks, “Estimates have been rising since CBD reported improved second quarter 2017 sales, driven by strong improvement in Extra Hiper markets and consistent growth at Assai. However, the reported quarter’s growth was lower than the preceding quarter’s growth. Nevertheless, shares of the company have outperformed the industry over the last three months. Strong customer traffic expansion and increase in sales volume, offsetting the effect of the slowdown in food inflation. Further, higher gross margins and a decline in selling, general and administrative expenses at Multivarejo boosted EBITDA margin. We are encouraged by company’s operating efficiency and productivity projects. Store openings and conversion of Extra Hiper stores to Assai is also boosting sales and will help accelerate the expansion of GPA’s cash-and-carry banner into new cities across Brazil. However, challenging economic scenario in Brazil remains a concern.”
Senestech (NASDAQ:SNES) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “SenesTech, Inc. developed technology for managing animal pest populations through fertility control as opposed to a lethal approach. The Company’s fertility control product candidate, ContraPest(R), will be marketed for use initially in controlling rat infestations. SenesTech, Inc. is based in Flagstaff, Arizona. “
Southern National Bancorp of Virginia (NASDAQ:SONA) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $18.00 price target on the stock. According to Zacks, “Headquartered in Charlottesville Virginia, Sonabank is a new regional bank founded by an experienced banking team with close to hundred years of banking experience. They offer a full line of products and services for personal and business banking. Sonabank specializes in small to medium sized business banking. They have extensive experience in Small Business Administration loans as well as other types of financing suited for businesses. “
Spark New Zealand (NASDAQ:SPKKY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Spark New Zealand Limited provides digital services. The company operates through five segments: Retail, Wholesale & International, Gen-i, AAPT, and Technology & Shared Services. It provides fixed line, mobile, and Internet services, voice, interconnect, managed data, and international products and services and telecommunication services. The Company integrates IT and telecommunications services to provide converged information and communication technologies solutions. Spark New Zealand Limited, formerly known as Telecom Corporation of New Zealand Limited, is headquartered in Auckland, New Zealand. “
Ssab Svenskt (OTCMKTS:SSAAY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $2.75 target price on the stock. According to Zacks, “SSAB Svenskt Stal AB engages in the provision of steel and construction solutions. The company’s operating segment consists of SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. SSAB Special Steels segment provides marketing and sales of SSAB’s quenched and tempered steels. SSAB EMEA segment pertains to Europe, the Middle East and Africa. SSAB Americas segment refers to North and Latin America. SSAB APAC segment consists of Asia, Australia and New Zealand. Tibnor segment is the distribution of steel and metals. Ruukki Construction is engaged in the sales and production of energy-efficient building and construction solutions. It’s also operates in the Automotive, Construction Machinery, Material Handling and Heavy Transport segment. SSAB Svenskt Stal AB is headquartered in Stockholm, Sweden. “
Staffing 360 Solutions (NASDAQ:STAF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “
Sterling Bancorp (NYSE:STL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $24.00 target price on the stock. According to Zacks, “Sterling Bancorp is the holding company for Sterling National Bank, a financial services firm. Sterling National Bank provides various banking and financial products and services primarily in New York, New Jersey, and Connecticut. It provides depository and cash management services and a broad portfolio of financing solutions-including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment financing, commercial and residential mortgages and mortgage warehouse lines of credit. Sterling Bancorp, formerly known as Provident New York Bancorp, is headquartered in New York. “
STHREE (NASDAQ:STREF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $4.50 price target on the stock. According to Zacks, “SThree Plc is engaged in staffing businesses. It provides permanent and contract specialist staff to its client base. The company’s brand comprises Computer Futures, Progressive Recruitment, Huxley, Real Staffing Group, Newington International, JP Gray, Hyden and Orgtel. It operates primarily in Australia and Europe. SThree Plc is headquartered in London, United Kingdom. “
Mast Therapeutics (NASDAQ:SVRA) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $6.75 target price on the stock. According to Zacks, “Savara Inc. is a clinical-stage pharmaceutical company. It focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Savara Inc., formerly known as Mast Therapeutics, Inc., is based in Austin, United States. “
Swedish Orphan Bio Spon (NASDAQ:SWTUY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $18.00 price target on the stock. According to Zacks, “Swedish Orphan Biovitrum AB is a biopharmaceutical company which develops and makes drugs for patients with rare diseases. Its product portfolio primarily includes Kineret within the inflammation therapeutic area, Orfadin, Ammonaps and Ammonul within the genetics and metabolic therapeutic which are in clinical trial stage. Swedish Orphan Biovitrum AB is headquartered in Stockholm, Sweden. “
Del Taco Restaurants (NASDAQ:TACO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $16.00 price target on the stock. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “
