Analysts’ Updated EPS Estimates for February, 11th (AAP, AFX, ARNC, ARWR, AZO, BR, CMPGY, CNQ, COG, CPE)

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Analysts’ updated eps estimates for Monday, February 11th:

Advance Auto Parts (NYSE:AAP) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $182.00 price target on the stock. According to Zacks, “Advance Auto Parts is focusing to expand its footprint by opening new stores, widening online presence and strategic collaborations. In October, it announced a collaboration with Walmart to create an automotive specialty store on Walmart.com. Additionally, it has rolled out Advance Pro, an e-commerce engine to cater to professional customers, which helped the company to access nearly 20,000 customer orders. Additionally, it is streamlining its supply chain and is opting for store transformation and inventory positioning in order to meet the evolving need of the customers. Over the past six months, shares of Advance Auto Parts have outperformed the industry it belongs to. However, rising expenses several projects launch and store maintenance are concerns.”

Carl Zeiss Meditec (ETR:AFX) was given a €92.00 ($106.98) price target by analysts at Nord/LB. The firm currently has a buy rating on the stock.

Arconic (NYSE:ARNC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Arconic swung to profit in the fourth quarter of 2018. Adjusted earnings and revenues both beat the respective Zacks Consensus Estimate. The company revealed its plans to split its businesses. Arconic is well placed to gain from strong demand trends in aerospace and automotive markets. It should also benefit from its cost-cutting and productivity actions. Major contract wins in aerospace will also support its results. However, Arconic is exposed to pricing pressure and weakness in certain end-markets. The company also faces earnings headwinds from higher transportation charges and aluminum scrap spreads. Its high balance sheet leverage is another concern. The company has also underperformed the industry it belongs to over the past three months.”

Arrowhead Pharmaceuticals (NASDAQ:ARWR) had its buy rating reiterated by analysts at Chardan Capital. They currently have a $24.50 price target on the stock.

AutoZone (NYSE:AZO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $979.00 price target on the stock. According to Zacks, “Of late, the Zacks Consensus Estimate for AutoZone’s fiscal 2019 is moving up. The company’s revenue is driven by both Do-It-Yourself (DIY) retail and commercial (DIFM) businesses. For fiscal 2019, AutoZone is expected to witness year-over-year growth on the back of new programs in commercial business, store openings and improving online presence. Moreover, it frequently opens new stores and distribution centers to improve market coverage. Over the past three months, shares of AutoZone have outperformed the industry it belongs to. However, continuous rise in capital and operating expenses due to frequent opening of distribution centers and wage expenses are concerns for AutoZone.”

Broadridge Financial Solutions (NYSE:BR) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Broadridge reported disappointing second-quarter fiscal 2019 results, with earnings and revenues lagging the Zacks Consensus Estimate. The company has a strong business model, backed by higher recurring fee revenues. Increasing demand for technology solutions has enabled the company to increase investments in digital, AI, cloud and blockchain particularly via acquisitions. Broadridge continues to focus on enhancing its internal growth with strategic buyouts. Despite such positives, Broadridge continues to grapple with client concentration. Strong competition can negatively affect Broadridge’s ability to increase its market share and profitability. Multiple acquisitions increase the company’s exposure to integration risks and higher expenses. High debt may limit Broadridge’s future expansion and worsen its risk profile. Shares of Broadridge have underperformed its industry in the past year.”

COMPASS GRP PLC/S (OTCMKTS:CMPGY) had its buy rating reaffirmed by analysts at Bank of America Corp.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Canadian Natural Resources’ balanced and diverse production mix facilitates longterm value and reduces the company’s risk profile. CNQ’s acquisition of Athabasca Oil Sands project in 2017 has added significant value to its asset base and buoyed the cash flow prospects. The Joslyn buyout deal also bodes well for CNQ. Notably, CNQ fares well in the free cash flow parameter, generating around C$3.2 billion year-to-date. What’s more, the company remains committed to investorfriendly moves by the way of dividend payouts and stock buybacks. It has a solid track record of dividend hikes, making it a high-yield, dividend growth play. However pipeline constraints in Canada are leading to discounted crude prices, thereby impacting the revenues of the company. Also, the firm is bearing the brunt of increasing costs since past several quarters. The interplay of these factors account for our cautious stance on the stock.”

Cabot Oil & Gas (NYSE:COG) had its hold rating reaffirmed by analysts at Williams Capital. The firm currently has a $27.00 price target on the stock.

Callon Petroleum (NYSE:CPE) had its buy rating reiterated by analysts at Williams Capital. The firm currently has a $12.00 price target on the stock.

Concho Resources (NYSE:CXO) had its buy rating reaffirmed by analysts at Williams Capital. They currently have a $182.00 price target on the stock.

Denny’s (NASDAQ:DENN) had its buy rating reiterated by analysts at Wedbush. The firm currently has a $20.00 price target on the stock.

DIC Asset (ETR:DIC) was given a €10.40 ($12.09) target price by analysts at Oddo Bhf. The firm currently has a neutral rating on the stock.

Wolfe Research initiated coverage on shares of Dollar Tree (NASDAQ:DLTR). Wolfe Research issued a market perform rating on the stock.

Barclays PLC initiated coverage on shares of Platform Specialty Products (NYSE:ESI). Barclays PLC issued an equal weight rating and a $13.00 price target on the stock.

Community Bankers Trust (NASDAQ:ESXB) had its buy rating reissued by analysts at Brean Capital.

GATX (NYSE:GATX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “GATX reported better-than-expected earnings and revenues in the fourth quarter of 2018. Both the metrics improved on a year-over-year basis. We are also impressed by the company's efforts to expand its fleet. In November 2018, the company inked a deal with ECN Capital Corporation to buy up to 3,100 railcars from the latter. The company's efforts to reward shareholders through dividends and buybacks look encouraging as well. On the flip side, dismal performance of the company's primary unit — Rail North America in the fourth quarter concern us. Increased maintenance costs and higher interest rates are likely to supress profits at this key segment. Notably, segmental profit at Rail North America is estimated to be around $40 million-$50 million less than the 2018 level. The company's high debt levels are concerning as well.”

Glencore (LON:GLEN) was given a GBX 400 ($5.23) price target by analysts at Credit Suisse Group AG. The firm currently has a buy rating on the stock.

Restoration Robotics (NASDAQ:HAIR) had its buy rating reaffirmed by analysts at Maxim Group. The firm currently has a $6.00 target price on the stock.

Barclays PLC initiated coverage on shares of Home Bancshares (NASDAQ:HOMB). The firm issued an equal weight rating and a $21.00 target price on the stock.

Cascend Securities started coverage on shares of IPG Photonics (NASDAQ:IPGP). Cascend Securities issued a buy rating and a $160.00 target price on the stock.

Leidos (NYSE:LDOS) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Increased contract wins for its cost-effective defense solutions from the Pentagon as well as other U.S. allies have been serving as a primary growth driver for Leidos Holdings. In fact, these contract wins tend to bolster the company’s backlog. Moreover, with the current U.S. administration being in favor of increased defense spending, macroeconomic environment in the nation has been boosting the company’s growth prospects. However, Leidos Holdings is susceptible to interest rate risk related to the issuance of debt. A material rise in long-term interest rates is a major risk for capital intensive stocks like Leidos Holdings. With the current U.S. economy being in favor of an increasing interest rate, the credit market might not hugely favor Leidos Holdings. Shares of Leidos Holdings have thus underperformed its industry in the past 12 months.”

Msci (NYSE:MSCI) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $193.00 target price on the stock. According to Zacks, “MSCI’s fourth-quarter 2018 results were impressive as both earnings and revenues increased on a year-over-year basis. Index sales and one-time sales in the quarter were highest in the company’s history. Moreover, in terms of retention rate, this fourth-quarter was best in MSCI’s history. Cancellation rate was also relatively low in the quarter. The company benefited from the growth of non-ETF passive funds related to MSCI indexes, exchange-traded futures and options products, strong demand for custom and factor index modules and the increasing adoption of the ESG solution into the investment process. MSCI also gained from strong traction in client segments, like wealth management, banks and broker dealers. Moreover, the company generated record free cash flow. Shares have outperformed the industry in the past year.”

Newfield Exploration (NYSE:NFX) had its hold rating reissued by analysts at Williams Capital. They currently have a $20.00 price target on the stock.

NIKON CORP/ADR (OTCMKTS:NINOY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Nikon shares have underperformed the industry in the past year. High R&D expenditure, restructuring costs and investments related to the medical business continues to drag down margins. Nevertheless, the company benefits from strong performance of precision and healthcare segments. Moreover, improving demand for D850, Z 7 and D3500 cameras are expected to boost top-line growth. Additionally, international revenue growth from biological microscopes and retinal imaging diagnosis instruments are expected to aid healthcare revenues.”

National-Oilwell Varco (NYSE:NOV) had its target price reduced by SunTrust Banks, Inc. to $29.00. The firm currently has a hold rating on the stock.

NetApp (NASDAQ:NTAP) had its buy rating reaffirmed by analysts at Bank of America Corp. They currently have a $90.00 target price on the stock.

Bank Ozk (NASDAQ:OZK) had its buy rating reaffirmed by analysts at Brean Capital.

PDC Energy (NASDAQ:PDCE) had its buy rating reissued by analysts at Williams Capital. Williams Capital currently has a $55.00 price target on the stock.

Parsley Energy (NYSE:PE) had its hold rating reiterated by analysts at Williams Capital. They currently have a $22.00 price target on the stock.

Gabelli began coverage on shares of Peapack-Gladstone Financial (NASDAQ:PGC). The firm issued a buy rating and a $37.00 price target on the stock.

Petrofac (OTCMKTS:POFCF) had its neutral rating reaffirmed by analysts at JPMorgan Chase & Co..

Societe Generale (OTCMKTS:SCGLY) had its underperform rating reissued by analysts at Keefe, Bruyette & Woods.

Sientra (NASDAQ:SIEN) had its buy rating reiterated by analysts at Maxim Group. The firm currently has a $20.00 target price on the stock.

Sohu.com (NASDAQ:SOHU) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $24.00 target price on the stock. According to Zacks, “Sohu’s fourth quarter 2018 results benefited from improved operation efficiency. Robust growth in search and search-related business drove top-line in the reported quarter. Further, strong traffic growth in search and mobile businesses is a key positive. Expanding daily active users on Sohu news app is a tailwind. The company’s investment in online videos is also driving growth. Moreover, increasing popularity of online video and growing e-commerce business continues to fuel online ad spending. However, shares have underperformed the industry in the past year. The company’s declining brand advertising business is a headwind. Waning macroeconomic condition in China impacted top-line in the reported quarter accompanied by budget cuts from large enterprises.”

Sempra Energy (NYSE:SRE) had its buy rating reissued by analysts at Wells Fargo & Co. They currently have a $128.00 price target on the stock.

Trueblue (NYSE:TBI) had its hold rating reaffirmed by analysts at BMO Capital Markets. The firm currently has a $24.00 price target on the stock.

ThyssenKrupp (FRA:TKA) was given a €25.00 ($29.07) price target by analysts at Baader Bank. The firm currently has a neutral rating on the stock.

Texas Roadhouse (NASDAQ:TXRH) had its hold rating reissued by analysts at Wedbush. They currently have a $62.00 target price on the stock.

Viveve Medical (NASDAQ:VIVE) had its buy rating reissued by analysts at Maxim Group. They currently have a $6.00 target price on the stock.

Wendys (NASDAQ:WEN) had its hold rating reaffirmed by analysts at Wedbush. They currently have a $17.50 target price on the stock.

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