Stock Comments / EPS Changes
Adobe Systems (ADBE) price target was increased at UBS. Reflects seasonality and deepening migration to a subscription model. Twelve-month price target is $80. Buy rating.
American Eagle (AEO) numbers were cut at Nomura. Twelve-month price target is $13. Estimates were also reduced, as the company is facing increased price competition, Nomura said. Neutral rating.
Boeing (BA) price target was lowered at UBS. Incorporates lower FCF forecast as well as a higher pension deficit, UBS said. Twelve-month price target is $127. Neutral rating.GT Advanced Tech (GTAT) price target was increased at UBS. Driven by announcement of $336 million contract to Cosmos Chemical, UBS said. Twelve-month price target is $20. Buy rating. Marsh & McLennan (MMC) numbers were boosted at Nomura. Twelve-month price target is now $49. Estimates were also upped, following the company's update investor day. Neutral rating.
RSP Permian (RSPP) price target was increased at UBS. Still offers upside through potential upward EUR revisions for its core acreage and operational efficiency gains, UBS said. Twelve-month price target is $30. Buy rating.
Spectra Energy Partners (SEP) price target, EPS estimates were raised at Jefferies. Incorporating adjustments from acquisition all of SE's remaining US Transmission & Liquids assets, Jefferies said. Twelve-month price target is $47. Hold rating.
Taubman Centers (TCO) price target, EPS estimates were raised at Jefferies. Still owners of high quality assets, despite worry in retail sector, Jefferies said. Twelve-month price target is $67. Hold rating. VMWare (VMW) was added to the US Focus List at Credit Suisse. Twelve-month price target is $130. Company has a dominant and highly defensible competitive position, Credit Suisse said. Walgreen (WAG) price target was raised at UBS. Driven by specialty pharma tax inversion playbook to pharma services, UBS said. Twelve-month price target is $90. Buy rating. Wynn (WYNN) estimates, price target were raised at Citigroup. Twelve-month price target is $277. Estimates also were increased, as Macau and Las Vegas should drive growth, Citigroup said. Buy rating.
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