BankUnited (NYSE:BKU) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $38.00 target price on the stock. According to Zacks, “Shares of BankUnited have outperformed the industry over the past six months. The company has an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s first-quarter 2019 results reflected lower expenses and higher non-interest income. Consistent growth in loans and deposits, and efforts to strengthen fee income sources are expected to continue driving revenues in the quarters ahead. Moreover, efficient capital deployment activities reflect a strong balance sheet position. However, continued margin pressure (despite higher interest rates) remains a major near-term concern for the company. Also, increasing expenses are expected to hurt its bottom-line growth to an extent. Further, the company’s considerable exposure to residential mortgage loans is a concern.”
Eaton Vance (NYSE:EV) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $45.00 price target on the stock. According to Zacks, “Shares of Eaton Vance have outperformed the industry so far this year. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate in two and matched in one of the trailing four quarters. The company’s second-quarter fiscal 2019 (ended Apr 30) results indicate increase in assets under management (AUM) and a strong balance sheet position. Revenue growth is expected to be driven by improving AUM balance as well as the company’s diverse product offerings and investment strategies. While elevated operating expenses (mainly due to rise in compensation costs) will likely hurt bottom-line growth to an extent and high debt levels make us apprehensive, the company's global footprint is anticipated to support growth. Further, the company's impressive capital deployment plan reflects a strong balance sheet position and will continue to enhance shareholder value.”
1-800-Flowers.Com (NASDAQ:FLWS) was upgraded by analysts at Sidoti from a neutral rating to a buy rating. They currently have $22.00 price target on the stock.
International Flavors & Fragrances (NYSE:IFF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $152.00 target price on the stock. According to Zacks, “For 2019, International Flavors expects sales of $5.2-$5.3 billion. Adjusted earnings per share are anticipated to be $4.90-$5.10 while adjusted earnings, excluding amortization, are likely to be $6.30-$6.50. The global market for flavors and fragrances continues to grow propelled by increase in demand for a variety of consumer products containing flavors and fragrances, which bodes well for the company's growth. Further, the combination of International Flavors and Frutarom will create a global leader in natural taste, scent and nutrition with a broader customer base, more diversified product offerings and more exposure to end markets. The company's shares have outperformed the industry over the past year.”
TJX Companies (NYSE:TJX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $58.00 price target on the stock. According to Zacks, “TJX Companies, whose shares have rallied in the past six months, is expected to put up an above-average performance in the near term. The company is set to benefit from robust comps, which have been gaining from continued rise in consumer traffic and strong merchandising policies. These factors along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its store and online performance. This was visible in the company’s first-quarter fiscal 2020 results, wherein customer traffic rose for the 19th straight time. Management is encouraged about witnessing continued growth, evident from its raised earnings view. Also, the company’s shareholder-friendly moves reflect its solid financial status. However, the company has been witnessing high wage costs, which along with elevated freight costs are likely to hit EPS growth in fiscal 2020. Also, volatile currency movements pose threats.”
Telenav (NASDAQ:TNAV) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “TeleNav, Inc. is a provider of location based services, or LBS, including voice guided navigation, on mobile phones. Its core LBS solution is GPS Navigator which offers features such as real time traffic alerts, route planning and updated POIs. The Company’s other products include TeleNav Track and TeleNav Shotgun. Through the Company’s hosted service delivery model, it provides its solutions through the networks of wireless carriers in the United States, including Sprint and AT&T, as well as through certain carriers in other countries. The Company is also using its LBS platform to develop new offerings such as a feature rich, in-dash navigation solution for automotive consumers. Additionally, TeleNav is broadening the scope of the LBS platform by developing solutions that support a broad range of location enhanced applications such as location based mobile advertising, commerce and social networking. TeleNav, Inc. is headquartered in Sunnyvale, California. “
TDK (OTCMKTS:TTDKY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “
Tupperware Brands (NYSE:TUP) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Udg Healthcare (OTCMKTS:UDHCF) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $9.50 price target on the stock. According to Zacks, “UDG Healthcare plc provide services to the healthcare industry. The company’s operating segment consists of Ashfield Commercial & Medical Services, Sharp Packaging Services and Supply Chain Services. Ashfield Commercial & Medical Services division provides sales teams, healthcare communications, telesales, nurse educators, medical information, pharmacovigilance, regulatory and event management services. Sharp Packaging Service division provides contract packaging and clinical trial packaging services. Supply Chain Services provides outsourced sales, marketing, distribution and engineering services. UDG Healthcare plc operates primarily in US, UK, Ireland and Germany. UDG Healthcare plc is based in Dublin, the Republic of Ireland. “
Ultrapar Participacoes (NYSE:UGP) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Ultrapar Participacoes S.A., a major Brazilian industrial group, is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical. Ultrapar is also engaged in the storage and transportation of liquefied petroleum gas and petrochemical and chemical products. (PRESS RELEASE) “
Vipshop (NYSE:VIPS) was upgraded by analysts at Daiwa Capital Markets from an underperform rating to a neutral rating.
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