BOSTON (TheStreet) -- Here are three upgrades from TheStreet's stock model.
The model upgraded
: First-quarter profit more than doubled to $151 million, or $1.15 a share, as revenue grew 5.3% to $934 million. The operating margin jumped from 20% to 42%. M&T has $1.2 billion of cash and $12 billion of debt, equaling a debt-to-equity ratio of 1.5.
: M&T has advanced 62% during the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 15 and a price-to-book ratio of 1.3, 19% and 13% discounts to peer averages. It's expensive based on sales.
: Of analysts covering M&T, four, or 19%, advise purchasing its shares, 14 recommend holding and three suggest selling them.
McAdams Wright Ragen
expects the stock to advance 32% to $112.
predicts it will hit $95.
The model upgraded videogame maker
: Activision Blizzard's fourth-quarter loss more than tripled to $286 million, or 23 cents, as revenue declined 5% to $1.6 billion. The operating margin remained negative. Activision Blizzard holds $3.2 billion of cash and no debt.
: Activision Blizzard has gained 18% during the past year, trailing major benchmarks. The stock trades at a price-to-book ratio of 1.4 and a price-to-sales ratio of 3.4, 73% and 48% discounts to peer averages. It's also cheap based on projected earnings.
: Of researchers following Activision Blizzard, 29, or 94%, rate its stock "buy" and two rate it "hold."
expects the stock to gain 45% to $17.23.
Royal Bank of Canada
say the shares could hit $16.
The model upgraded carmaker
: Fiscal third-quarter profit more than doubled to $1.4 billion, or 78 cents, as revenue decreased 39% to $22 billion. The operating margin jumped from 4.6% to 8.3%. Honda has $11 billion of cash and $46 billion of debt, equaling a debt-to-equity ratio of 1.
: Honda has increased 24% during the past year, lagging behind U.S. indices. The stock trades at a price-to-projected-earnings ratio of 18 and a price-to-cash-flow ratio of 5, 56% and 8% discounts to industry averages. It's expensive based on sales.
: Of firms rating Honda, one advocates purchasing its shares and one recommends holding them.
Bank of America
predicts the stock will gain 10% to $38. Six of the 10 largest shareholders increased their bets during the fourth quarter.
-- Reported by Jake Lynch in Boston.