The cuts will probably cost Paragon more sales,
stock analysts say.
Not exact matches
Other
analysts say the
stock price will climb to a similar number, though ISI Group
says it'll reach $ 100 over the next 12 months.
What the Sanford Bernstein
analyst seemed to be
saying is that the billions that have been wiped from the market value of TV - related
stocks over the past few weeks are totally justified.
A Jefferies
analyst said this bookings miss was a «fluke» and not a sign of fundamental problems, and that any pullback in the
stock should be seen as a buying opportunity.
By contrast, BP's
stock fell by 3 % as some
analysts said its results were boosted by a one - off tax gain, meaning its longer - term profits and ability to pay dividends could still be at risk.
«Results and guidance are pretty much exactly in line with expectations, but the
stock reaction clearly suggests investors were hoping for a little more,» Atlantic Equities
analyst James Cordwell
said.
At least six
analysts have either downgraded the
stock or cut their price targets since CEO John Flannery
said he would review the dividend as he presented an «unacceptable» set of quarterly results.
«The US 1 list is intended to represent a collection of our best investment ideas that are drawn from the universe of «Buy» rated US - listed
stocks (including ADRs), covered by BofA Merrill Lynch fundamental equity research
analysts,»
said the list's contributors in the note.
Baader Bank
analyst Christian Weiz
said he estimated the deal valued Sun Products at about 2.3 times sales, which he
said seemed very attractive, affirming his «buy» recommendation on Henkel's
stock.
For foreigners investing in Japanese
stocks, the yen also poses a challenge,
analysts said, with the rapid depreciation in the currency — which has fallen 14 percent against the U.S. dollar in the past three months - mitigating gains in the market.
Along with several other
analysts on Friday, including Steve Milunovich at UBS, Sacconaghi also
said it was becoming clear that the latest lineup of iPhones had not sparked a massive wave of consumers with older models upgrading their phones, a prediction dubbed the «super cycle,» which had helped drive Apple's
stock price up 45 % since early 2017.
Analysts say Match.com is best positioned to capitalize on the surge, so much so that Topeka has increased the value of the company's
stock to $ 98 from $ 78 and recommends investors purchase shares of IAC in anticipation of a Match.com spinoff.
Apple received a rare downgrade last week from Nomura Instinet
analyst Jeffrey Kvaal, who
said iPhone X sales as well as other positive factors are already baked into the
stock price.
«If someone invests just because an
analyst said this
stock is going from $ 10 to $ 20 in the next 12 months, I would
say that's a problem,»
says Broad at CIBC.
On Thursday, a leading
analyst said that Amazon «could be the first trillion - dollar company» with its
stock doubling to $ 2,000.
«If the oil price is going down, it's very difficult to stand in front of that speeding train and hope you are in the one or two
stocks that aren't highly correlated with the downward movement,»
says Randy Ollenberger, an
analyst with BMO Capital Markets.
Allegheny Technologies suspended its dividend Thursday, but
analysts say weak metal markets have also put pressure on ATI's
stock.
MSCI should add mainland Chinese
stocks to its benchmark emerging markets index soon, some
analysts say, especially as major U.S. asset managers push into China despite obstacles.
Analysts say new requirements MSCI announced since last year's review help the case for inclusion of mainland Chinese
stocks.
Apple's impressive second quarter earnings should get more mutual funds to buy the company's
stock, as many are currently underweight,
said one
analyst.
Hours before Tuesday's announcement, the
stock was downgraded to «sell» by
analysts at MoffettNathanson,
saying «the small likelihood of a meaningful payoff doesn't justify owning the
stock here.»
As Canadian Tire prepares its earnings result, the majority of
analysts say the company's
stock is undervalued.
The fact that Microsoft's Windows 10 won't come to market until later this year — thus hastening the upgrade cycle — will also hurt Intel in the near term,
said Alex Gauna, an
analyst at JMP Securities, who recently downgraded the
stock to «underperform.»
And cracks have begun to appear north of the 49th parallel; GMP Securities
analyst Michael Urlocker downgraded Research In Motion on April 21,
saying it «risked becoming a value trap — a
stock that looks cheap but isn't because its prospects are diminishing.»
«Those days are long over, and if you recommend a
stock for a trade, even if you
say, «Buy it today for the
analyst meeting and sell it tomorrow,» there will always be a YouTube video kicking around that shows you liked the
stock but never gave it the «sell» call.»
«Put it all together and it's no surprise the
stocks shot up into the stratosphere on the news, or that the
analyst community was universally positive about the deal,» Cramer
said.
Analysts have
said SoftBank could be attracted by Swiss Re's research capabilities, undervalued
stock, and cash generation.
Holger Mueller, a principal
analyst and vice president of Constellation Research,
said that it makes sense for HPE to consider going private given that its number one competitor is Dell, which «has the opportunity to transform itself without the quarterly pressure from the
stock markets.»
«What I found interesting is that usually, the buyer's
stock price goes down,»
said Colin Cieszynski, market
analyst at CMC Markets Canada.
Analysts say U.S. hedge funds, expecting the Canadian housing market to crash, at times short the
stock.
It's likely Valeant will continue acquiring in the months and years to come,
says Louise Chen, an
analyst with Guggenheim Securities, and that's a big reason why she has a buy rating on the
stock.
Passive investment products, including index mutual funds and index ETFs, account for nearly 47 percent of assets under management in U.S.
stock funds, Goldman Sachs
analyst Alexander Blostein
said in a note on Monday.
If chip
stocks do fall, the
analyst said, he would recommend shares of Micron as he's more bullish on DRAM's supply - demand fundamentals compared with the flash memory business.
The bitcoin craze is just another sign that U.S.
stocks may be nearing the end of their latest run higher, several market
analysts say.
«How banks feel that they're going to achieve above - average growth levels by pursuing capital intensive strategies in a market that is as slow as the Canadian market is a mystery to us,»
says Brad Smith, an
analyst with Stonecap Securities in Toronto, who has an Underperform rating on the
stock.
Citi
analyst Wendy Nicholson, who rates P&G's
stock a «buy,»
says he acts «like someone who has looked death in the eyes.»
In spite of the troubles faced by regional banks, several
analysts said now is a good time to pick up the country's banking
stocks.
Technical
analyst Carter Worth of Cornerstone Macro
said he expects further declines after Friday's
stock market drop.
«Sainsbury's continues to surprise us with their aggressive deal - making,»
said the
analysts, who have a «hold» rating on the supermarket group's
stock.
«There were so many investors that were short Amazon's
stock in 2006 and 2007 that when the shares moved from $ 35 to $ 100 they lost their jobs,»
says Brian Pitz, a bullish - on - Amazon
analyst at investment bank Jefferies.
If allowed to strike out on their own, BASF units making construction chemicals, coatings and catalytic converters could bolster their earnings and fetch better trading multiples on the
stock market, the HSBC
analyst said.
A William Blair & Company
analyst is even more optimistic,
saying the
stock price will hit $ 7.
Yahoo
stock has tripled since Mayer joined Yahoo as CEO in July 2012, but
analysts say those gains have been primarily driven by the rapid appreciation in the value of its Asian assets.
Saudi Arabian markets are in for a rally, even with some
stocks already looking expensive,
said Krithika Subramanian, a research
analyst at Credit Suisse Private Banking.
And while I would suggest not all of the recent deals are positive, the ASDA - Sainsbury's one looks particularly good and the
stock price reactions seems to bear that out,»
said Michael Hewson, an
analyst at CMC Markets.
Edward Parker, an
analyst at Lazard Capital Markets
says those valuations suggest that any negative sentiment is now priced into the
stock.
Analysts at Calgary - based AltaCorp Capital Inc.
said in a report published Monday that poor pipeline access has hurt Canadian energy companies to the extent that their
stock prices have underperformed U.S. companies since the downturn of 2008 - 09.
Despite the change, BlackBerry did not follow up with a significant change in strategy, and the
stock price continues to suffer as a result,
said James Moorman, an
analyst for S&P Capital IQ.
«Jeff Bezos whiffed with the Fire phone last year and he realized he has to keep Wall Street happy because he pays people with
stock,» Wedbush Securities
analyst Michael Pachter
said of the company's improved financial results in a Bloomberg report.
Analysts say Twitter's
stock price, which has reached record lows, is unlikely to rise until the company shows significant user growth.