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3 Themes CLSA Saw In Disney's Quarterly Report
Wednesday, August 10, 2016 - 10:43am | 234Read More...CLSA highlighted three themes it saw in the recent quarterly report of Walt Disney Co (NYSE: DIS) on whose shares the brokerage maintained an Outperform rating. First, the company announced acquisition of a 33 percent stake in BAMTech and plans for an OTT ESPN offering. Second, an agreement for...
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CLSA Upgrades Skyworks To Outperform, Says Guidance Is Conservative
Tuesday, August 9, 2016 - 11:51am | 316Read More...Following the conservative guidance issued by Skyworks Solutions Inc (NASDAQ: SWKS) and the unfavorable stock reaction to it, CLSA’s Christopher Caso believes the risk-reward is now favorable. Caso upgraded the rating on the company from Underperform to Outperform, while raising the price...
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CLSA Upgrades Reynolds American To Outperform, Cites Attractive Valuation
Monday, August 8, 2016 - 7:52am | 307Read More...Reynolds American, Inc. (NYSE: RAI) has a robust portfolio and several levers to drive earnings growth, CLSA’s Michael Lavery said in a report. He upgraded the rating on the company to Outperform, citing attractive valuation. The price target has been raised from $52 to $54. Attractive...
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Zebra Is Deeply Undervalued And Shares Could Double By 2018, Says CLSA
Thursday, August 4, 2016 - 9:08am | 418Read More...Shares of Zebra Technologies Corp. (NASDAQ: ZBRA) are "dramatically" undervalued, said CLSA, and the stock has the potential to double over the next two to three years. The brokerage noted that the $3.5 billion acquisition of Motorola Solutions Inc (NYSE: MSI)'s enterprise business in October 2014...
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Alphabet And Amazon See A Wave Of Price Target Changes Post-Earnings
Monday, August 1, 2016 - 12:03pm | 350Read More...Last week, two of the giants of the tech world delivered big earnings beats, and several Wall Street firms took notice. Amazon.com, Inc. (NASDAQ: AMZN) reported Q2 EPS of $1.78 on revenue of $30.4 billion, topping consensus analyst expectations of $1.11 and $29.5 billion. Alphabet Inc (NASDAQ: GOOG...
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Thursday's Analyst Action On U.S. Steel, Panera Bread And Others
Friday, July 29, 2016 - 9:07am | 485Read More...Earnings season is a busy time for investors, traders and especially Wall Street analysts. Here is a selection of some of the more notable Wall Street analyst calls from Thursday. U.S. Steel: Analysts Are Mixed Analysts at Bank of America downgraded United States Steel Corporation (NYSE: X) to...
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Seeing Limited Catalysts, CLSA Downgrades Dunkin' Brands To UnderPerform
Thursday, July 28, 2016 - 3:30pm | 282Read More...Although Dunkin' Brands Group, Inc. (NASDAQ: DNKN) has seen a robust outperformance year-to-date, CLSA analyst Jeremy Scott believes that prospects are limited to revive traffic and a slowdown in unit growth is likely. Scott downgraded the company from Outperform to Underperform, while...
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Despite Anadarko's Positive Momentum, CLSA Analysts Keep Their Rating At Underperform
Thursday, July 28, 2016 - 10:35am | 377Read More...Anadarko Petroleum Corporation (NYSE: APC) reported its 2Q16 results, with the adjusted EPS slightly better than the estimate. CLSA’s Asit Sen maintains an Underperform rating on the company, with a price target of $58. 2Q Beat Sen explained that the beat earnings were driven primarily by the...
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Wary Of Lower Steel Prices Ahead, CLSA Reiterates A Sell Rating On US Steel
Thursday, July 28, 2016 - 8:54am | 324Read More...United States Steel Corporation (NYSE: X) reported 2Q adj. operating EPS ahead of expectations on higher margins. CLSA’s David Lipschitz maintained a Sell rating on the company, while raising the price target from $10 to $17. The analyst mentioned, however, that steel prices could decline...
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Nintendo Crashes After Company Admits Pokémon GO Has Limited Impact
Monday, July 25, 2016 - 7:23am | 290Read More...Shares of Tokyo-listed Nintendo Co., Ltd (OTC: NTDOY) plunged more than 17 percent during Monday's trading session after the company released a statement regarding the financial impact the widely-popular Pokémon Go mobile game will have on its consolidated financial forecast....
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As China's New Home Builds Roll, So Does Bullish Demand For Steel
Wednesday, July 20, 2016 - 8:55am | 674Read More...China's economy has been struggling to capture meaningful footing in the past few years. Sure, the country reported GDP numbers which look great when held relative to an educated guess. 6.7 percent growth is meaningful and it's even appealing when one considers the investment fortitude...
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Chipotle Shares Higher Following CLSA Upgrade To Outperform
Tuesday, July 19, 2016 - 1:55pm | 209Read More...CLSA upgraded Chipotle Mexican Grill, Inc. (NYSE: CMG) to Outperform from Underperform, keeping the $460 price target unchanged. The analysts separated two time horizons for their outlook: (1) short-term traffic recovery and (2) longer-term margin and growth algorithm concerns. According to the...
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Teradata Downgraded On Competition From RedShift And Hardoop By CLSA
Friday, July 15, 2016 - 9:55am | 262Read More...Teradata Corporation’s (NYSE: TDC) core business is likely to continue to be under pressure from open source and Data Warehouse as a Service [DWaaS] alternatives, CLSA’s Ed Maguire said in a report. He downgraded the rating on the company from Buy to Underperform, while reducing the...
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This Analyst Isn't Buying Into Pokémon GO's Success Just Yet; Maintains Sell Rating On Nintendo
Thursday, July 14, 2016 - 3:36pm | 330Read More...Everybody seems to love the new hit mobile game Pokemon GO. Nintendo Co. Ltd (ADR) (OTC: NTDOY) shareholders may love it more than anyone, as shares are up a staggering 69.1 percent since July 1. However, not everyone is aboard the Pokemon train. On Tuesday, CLSA analyst Jay Defibaugh released...
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Anheuser-Busch Almost Over All Acquisition Approval Hurdles
Thursday, June 30, 2016 - 3:28pm | 345Read More...CLSA analysts Caroline Levy and Brian Doyle think Anheuser Busch Inbev SA (ADR) (NYSE: BUD) has almost completed all acquisition approval hurdles. The brokerage maintains its Outperform rating and $142 price target on the shares of the company. The analysts pointed out that Anheuser Busch received...
