Bullish Analyst Perspective: Autoliv (ALV), Bed Bath (BBBY), Genesis Energy (GEL), PayPal (PYPL), Nike (NKE)
Investment analysts at RBC Capital Markets upgraded shares of Autoliv, Inc. (ALV) from an Underperform to a Sector Perform rating with a price target of $105.00
For the three-month period ended June 30, 2015, Autoliv recently reported consolidated sales of $2.29 billion. For the third quarter of 2015, he Company expects organic sales to increase by more than 7% and an adjusted operating margin of around 9%.
Autoliv, Inc. (ALV), the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world.
Bed Bath & Beyond Inc. (BBBY) was upgraded by stock analysts at Telsey Advisory Group from an Underperform to a Market Perform rating with a price target of $65.00
For the second quarter of fiscal 2015, Bed Bath & Beyond posted net earnings of $1.21 per diluted share ($201.7 million) compared to net earnings of $1.17 per diluted share ($224.0 million) in the same period the prior year.
Bed Bath & Beyond Inc. (BBBY) is a retailer selling a wide assortment of domestics merchandise and home furnishings. Customers can purchase products from the Company either in-store, online or through a mobile device.
Brokerage firm Wunderlich has initiated coverage on shares of Genesis Energy, L.P. (GEL) with a Buy rating and a price target of $50.00
Genesis Energygenerated total Available Cash before Reserves of $68.8 million in the second quarter of 2015, an increase of $13.3 million, or 24%, from the second quarter of 2014.
Genesis Energy, L.P. (GEL) is a diversified midstream energy master limited partnership. Its operations include onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics.
Research analysts at Canaccord Genuity began coverage on shares of PayPal Holdings, Inc. (PYPL) with a Buy rating and a price target of $43.00
PayPal said that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 3 million shares of its common stock at a price of $32.80 per share in cash. PayPal stated that it does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares.
PayPal Holdings, Inc. (PYPL) continues to be at the forefront of the digital payments revolution. The company gives people better ways to connect to their money and to each other, helping them safely access and move their money and offering a choice of how they would like to pay or be paid.
After Nike, Inc. (NKE) delivered stronger-than-expected first quarter fiscal 2016 financial results, several research firms raised their price target on the company's stock, including FBR Capital (from $109.00 to $120.00), Telsey Advisory Group (from $128.00 to $136.00), Stifel (from $118.00 to $135.00) and Canaccord Genuity (from $109.00 to $119.00)
For its first quarter fiscal 2016, Nike posted revenues of $8.41 billion, a 5% increase year-over-year on a currency-neutral basis, and net income (excluding non-recurring items) of $1.18 billion, or $1.34 per diluted share versus net income of $962 million, or $1.09 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $1.19 earnings per share on revenues of $8.22 billion.
Nike, Inc. (NKE)is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.
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