Calls Of Note: The Research Moving Stocks On Friday

Loading...
Loading...
The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street."Bank Of America Upgrades Dollar Tree To Buy
Denise Chai of Bank of America upgraded shares of
Dollar Tree, Inc.DLTR
to Buy from Neutral with an unchanged $88 price target. With Family Dollar formally acquired by Dollar Tree in July, the company's synergy targets of $300 million looks "likely conservative" given the "transformational aspects of the deal." As such, integration benefits remain "under-appreciated" by investors.
Morgan Stanley Maintains Navistar At Underweight
Nicole DeBlase of Morgan Stanley maintained an Underweight rating and $12 price target on shares of
Navistar International CorpNAV
following the company's earnings release. DeBlase offered two reasons to suggest the stock would continue to underperform: 1) the company reported a weaker than expected adjusted manufacturing EBITDA of $128 million which was 11 percent short of consensus estimates, and 2) management's adjusted manufacturing EBITDA guidance for the fourth quarter of $175 to $225 million also falls short of the $226 million consensus estimates.
UBS Upgrades Teekay Tanker To Buy
Spiro Dounis of UBS upgraded shares of
Teekay Tankers Ltd.TNK
to Buy from Sell with a price target raised to $7.25 from a previous $6.75. Dounis stated that he has "seen enough" as the stock's decline from peak and the stock "appears to have more upside risk than downside risk." The analyst added that his estimates show the stock trading at 1.0x P/NAV while a more appropriate valuation metric would be 1.2x P/NAV.
Pacific Crest Conducts 3D Printing Experiment
Weston Twigg of Pacific Crest took a hands-on approach to evaluating the 3D printing space. The analyst sent an entire chess set to several 3D printers for quotes using SLS, SL, and FDM processes. The results? Netherlands-based 3D Hubs offered the best price at $300 for an ABS material chess set, while
3D Systems CorporationDDD
quoted $4,152 for a similar ABS material set. Meanwhile,
Proto Labs IncPRLB
"struggled" to be price competitive in the analyst's tests, but pricing did improve with volume where incremental pieces became "quite competitive." Finally,
Stratasys, Ltd.
Loading...
Loading...
SSYS
was "generally priced in the middle" while the user experience was "also midrange" and "didn't stand out."
Raymond James Upgrades Bofl Holding To Strong Buy
Donald Worthington of Raymond James upgraded shares of
Bofl Holding, Inc.BOFI
to Strong Buy from Outperform with an unchanged $145 price target. The upgrade followed the company's announcement that it has completed the purchase and assumption agreement with H&R Block Bank and entered into a program management agreement with H&R Block. In addition, the stock has been "substantially" oversold having lost roughly 18 percent since August 5 with the Nasdaq Bank Index having only declined by seven percent over the same time period.
Cowen Upgrades SkyWest To Outperform
Helane Becker of Cowen upgraded shares of
SkyWest, Inc.SKYW
to Outperform from Market Perform with a price target raised to $19 from a previous $16. According to Becker's estimates, the company's move to reduce its reliance on 50-seat aircraft will increase block hours and drive further profitability. The analyst noted the company will generate $250 million in free cash flow next year which will be used to pay down its debt, buy back stock and potentially increase its dividend. In addition, by 2018 the company will decline its fleet to 354 from 676 which should free up pilots and offset the attrition the company has seen since 2013.
Raymond James Downgrades NetSuite
Terry Tillman of Raymond James downgraded shares of
NetSuite IncN
to Underperform from Market Perform with no assigned price target. Tillman's downgrade is based on unfavorable risk to reward profile as the company will continue emphasizing investing for growth at the expense of showing "more meaningful" operating leverage. As such, larger-cap investors could "grow impatient" as the company's lack of margin expansion and profitability while also giving the company "less credit" for its high 20 percent to low 30 percent top-line growth profile.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst Ratings3D printersBank of AmericaCalls Of NoteConstruction & Farm Machinery & Heavy TrucksCowenDenise ChaiDonald WorthingtonHelene BeckerIndustrialsMorgan StanleyNicole DeblasePacific CrestRaymond JamesSith Overload Of The StreetSpiro DounisTerry TillmanUBSWeston Twigg
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...