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Fly News Breaks for January 6, 2020
Jan 6, 2020 | 16:56 EDT
Analysts at Jefferies added Energizer (ENR), L3Harris Technologies (LHX) and Lowe's to the firm's Franchise Pick list while removing Churchill Downs (CHDN), Floor & Decor (FND) and Gap (GPS).
News For ENR;LHX;LOW;CHDN;FND;GPS From the Last 2 Days
Aug 4, 2021 | 07:33 EDT
Susquehanna analyst Charles Minervino raised the firm's price target on L3Harris Technologies to $270 from $244 and keeps a Positive rating on the shares. The analyst believes LHX is positioned to deliver revenue growth and margin expansion in coming years, with close alignment to the US DoD's strategic priorities and strong execution.
Aug 3, 2021 | 13:55 EDT
Wells Fargo analyst Ike Boruchow notes that WWW (WWW) announced the acquisition of premium women's athletic brand Sweaty Betty for $410M - valuing the company at 16-times EBITDA. The analyst believes this is a key development for Gap (GPS) bulls, as it gives an idea of how a premium women's athletic brand is valued in today's market, showing how "undervalued the GPS portfolio remains." Though Athleta is 5-times as large as Sweaty Betty and more profitable, the companies are highly similar, Boruchow contends. That said, given Athleta's stronger P&L, the analyst would view Sweaty Betty's 16-times multiple as a starting point. Regardless, that valuation range would fetch about $4.5B for Athleta, he adds. Boruchow has an Overweight rating and a price target of $45 on Gap's shares.