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Fly News Breaks for April 4, 2017
CAT, BP, EL, ETN, MDLZ
Apr 4, 2017 | 10:17 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mondelez (MDLZ) upgraded to Conviction Buy from Neutral at Goldman with analyst Jason English saying he expects an inflection in gross margins and sees first quarter marking a trough on "weak industry growth." 2. Eaton (ETN) upgraded to Buy from Neutral at Longbow. 3. Estee Lauder (EL) upgraded to Buy from Neutral at Goldman with analyst Jason English saying he expects Lauder's "diversified channels of growth" to drive sales acceleration in the second half of 2017. 4. BP (BP) upgraded to Buy from Hold at Deutsche Bank with analyst Lucas Herrmann citing the stock's underperformance over the past six months as well as anticipated news flow on project starts. Impending volume additions will bolster confidence that BP's dividend is not only sustainable but will be augmented by buybacks in late 2018, Herrmann tells investors in a research note. 5. Caterpillar (CAT) upgraded to Conviction Buy from Buy at Goldman with analyst Jerry Revich saying he believes mining machinery demand is at an inflection and construction machinery market demand is in the early stages of a recovery, with significant opportunity for inventory restock. Revich also told investors management's strategy transition towards manufacturing rationalization will improve capital returns and said his Street high 2017 earnings estimate is 27% above consensus with further upside in a modest inventory restock scenario. 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 MDLZ;ETN;EL;BP;CAT From the Last 2 Days
EL
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
EL
Mar 28, 2024 | 05:51 EDT
BofA upgraded Estee Lauder to Buy from Neutral with a price target of $170, up from $160. The company currently has a range of initiatives to recovery profitability, sharpen product efficiency, and achieve more balance across channels and geographies, the analyst tells investors in a research note. The firm expects market share growth and operating leverage as Estee reduces its reliance on China and travel retail. It believes the company's earnings have bottomed.