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Fly News Breaks for March 23, 2017
WGO, RACE, DLTR, KR, FEYE
Mar 23, 2017 | 10:28 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FireEye (FEYE) upgraded to Buy from Sell at Goldman with analyst Gabriela Borges saying estimates are likely to move higher as momentum builds through 2017. The introduction of advanced analytics platform Helix addresses many of FireEye's previous challenges by reducing total cost of ownership by up to 50% while streamlining the company's go-to-market under its new head of sales, the analyst contends. 2. Kroger (KR) upgraded to Outperform from Sector Perform at RBC Capital with analyst William Kirk citing valuation. 3. Dollar Tree (DLTR) upgraded to Neutral from Underperform at Credit Suisse with analyst Edward Kelly saying while challenges clearly remain, particularly given the deteriorating industry backdrop, Dollar Tree differentiates itself at this point by having the resources at its disposal to address its momentum in transaction synergies. Kelly believes it may be one of the few large cap staples retailers to actually grow earnings in 2017 and sees the risk/reward as balanced. 4. Ferrari (RACE) upgraded to Buy from Neutral at Citi with analyst Michael Tyndal saying Ferrari can raise prices, grow volumes and reduce unit costs in unison. This is "something that is relatively unheard of in the auto world," the analyst contends. He sees potential for the company's volumes to double in a decade. 5. Winnebago (WGO) upgraded to Buy from Neutral at Northcoast with analyst Seth Woolf saying it reported an excellent second quarter report. The analyst said the Grand Design acquisition has been more profitable than previously thought and expects the company to participate in robust growth trends in towables. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For FEYE;KR;DLTR;RACE;WGO From the Last 2 Days
WGO
Mar 26, 2024 | 08:37 EDT
DA Davidson raised the firm's price target on Winnebago to $66 from $64 but keeps a Neutral rating on the shares after its Q2 earnings beat and initial mid-cycle targets. The company has indicated that both sales and profitability would improve sequentially in Q3, but they did not commit to any Q4 assumptions, the analyst tells investors in a research note. Winnebago is also maintaining a cautious near-term outlook for the RV industry, the firm added.