Research Analysts’ Upgrades for September, 20th (ANTM, BNS, CCI, DB, DTEGY, FE, MGA, NDSN, NOC, SCVL)

Research Analysts’ upgrades for Wednesday, September 20th:

Anthem (NYSE:ANTM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $207.00 price target on the stock. According to Zacks, “Anthem’s shares have outperformed the industry in last one year. The company’s diverse product portfolio has helped in improving underwriting results. Anthem’s strategic acquisitions, divestitures and ACO arrangements further pave the way for long-term growth. Its rising level of medical membership continues to boost the top line. Its strong capital position backs effective capital deployment. Its frequent share buyback programs and regular dividend payments primarily aim at enhancing shareholders’ value. The company has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 60 days. Followed by strong results in first half of 2017, the company has raised the earnings and revenue guidance for 2017.”

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) was upgraded by analysts at Citigroup Inc. from a neutral rating to a buy rating.

Crown Castle International Corporation (NYSE:CCI) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $120.00 price target on the stock. According to Zacks, “Crown Castle’s extensive tower portfolio, increased demand for infrastructure, healthy leasing activity, continual buyout of towers and growing demand for mobile broadband act as major positives. Buyout of Wilcon Holdings will enable Crown Castle attain ownership over 28,000 route miles of fiber. Moreover, Crown Castle acquired 9,700 wireless towers from AT&T and 7,200 from T-Mobile US. The deployment of 5G network should drive growth on the company’s tower and small cell assets as the wireless carriers look to expand and enhance their networks. Over the past three months, the stock price gained 2.7% as against the industry’s gain of 0.1%. However, the company continues to face headwinds like high customer concentration, and consolidated wireless industry, which is likely to affect the company's top line. Evolution of new technologies may reduce the demand for site leases and the expenses related, also raises concern.”

Deutsche Bank AG (NYSE:DB) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Shares of Deutsche Bank on NYSE have underperformed the industry, year to date. The bank’s profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. The capital raising initiative will enable the banking giant to meet regulatory requirements, investment targets across core businesses, enhance its competitiveness and ease revenue growth challenges. However, Deutsche Bank’s expenses are likely to increase due to pending legal hassles.”

Deutsche Telekom AG (NASDAQ:DTEGY) was upgraded by analysts at Kepler Capital Markets from a hold rating to a buy rating.

FirstEnergy Corporation (NYSE:FE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $35.00 price target on the stock. According to Zacks, “Shares of FirstEnergy's have gained higher than the industry in the last three months.FirstEnergy’s modernization drive and new generation asset additions have led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. FirstEnergy is also gaining from industrial load growth. The company is working to transform itself into a regulated company by mid of 2018. It has secured regulatory approvals for base rate increase in Pennsylvania, New Jersey and Ohio which are expected to boost its top line in 2017. However, FirstEnergy’s higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. High competition in the wholesale and retail electric markets can affect its top line.”

Magna International (NYSE:MGA) (TSE:MG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $58.00 price target on the stock. According to Zacks, “Zacks Consensus Estimate for Magna International’s third quarter earnings has been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”

Nordson Corporation (NASDAQ:NDSN) was upgraded by analysts at Longbow Research from a neutral rating to a buy rating. The firm currently has $140.00 target price on the stock.

Northrop Grumman Corporation (NYSE:NOC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $309.00 price target on the stock. 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. To this end, apart from paying solid dividends to its shareholders, Northrop also follows a share buyback policy to maintain a disciplined cash deployment strategy.  Also, recent budgetary amendments made by the Trump administration have been in favor of defense biggies like Northrop. However, too much dependence on fixed-price contracts remains a concern for the stock.”

Shoe Carnival (NASDAQ:SCVL) was upgraded by analysts at Susquehanna Bancshares Inc from a neutral rating to a positive rating.

Sherwin-Williams Company (The) (NYSE:SHW) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $380.00 price target on the stock. According to Zacks, “Estimates for Sherwin-Williams for the third quarter of 2017 have been going up of late. Sherwin-Williams has outperformed the industry it belongs to over the past year. The buyout of Valspar has expanded the company's brand portfolio and positioned it as a leading paints and coatings provider globally. Sherwin-Williams should gain from significant synergies of the Valspar acquisition. The company is also benefiting from its actions to cut operating costs. Moreover, it remains focused on growth through expansion of operations. “

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. “

Southwestern Energy (NYSE:SWN) was upgraded by analysts at Wolfe Research from an underperform rating to a market perform rating.

Territorial Bancorp (NASDAQ:TBNK) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Territorial Bancorp, Inc. intends to operate as the bank holding company for Territorial Savings Bank, a federally chartered, FDIC-insured savings bank, which provides financial services to individuals, families, and businesses. Territorial Savings Bank accepts deposits; originates home equity loans and lines of credit, construction, commercial and other non-residential real estate loans, consumer loans, multi-family mortgage loans, and other loans; offers various deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts; engages in insurance agency activities; and provides various non-deposit investments, such as annuities and mutual funds through a third-party broker-dealer. Territorial Bancorp, Inc. is based in Honolulu, Hawaii with banking offices located throughout the State of Hawaii. “

TerraForm Power (NASDAQ:TERP) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “

Taseko Mines (NYSEMKT:TGB) (TSE:TKO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $2.00 price target on the stock. According to Zacks, “Taseko Mines is focused on acquiring ownership of and advancing exploration and related activities on known mineral deposits that have as their basic characteristic, large tonnage (based on extensive drill testing for continuity) mineralization which, under metals price assumptions that fall within historical averages, are potentially capable of supporting a mine for 10 years and longer. “

Thyssenkrupp Ag Spon (NASDAQ:TKAMY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $34.00 price target on the stock. According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

Tosoh Corp (NASDAQ:TOSCF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $12.00 price target on the stock. According to Zacks, “Tosoh Corporation is a chemical company. Its primary products include ethylene, polyethylene, caustic soda, vinyl chloride and fine chemicals. The company operates primarily in Japan, rest of Asia, Europe and North America. Tosoh Corporation is headquartered in Tokyo, Japan. “

Trustmark Corporation (NASDAQ:TRMK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $34.00 price target on the stock. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “

Receive News & Ratings for Anthem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply