Stock Analysts’ Upgrades for October, 10th (AEO, AVP, AWK, BA, BBY, BIG, CAR, CTAS, DNR, DUK)

Stock Analysts’ upgrades for Tuesday, October 10th:

American Eagle Outfitters (NYSE:AEO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $15.00 price target on the stock. According to Zacks, “American Eagle has outperformed the industry in the past three months driven by positive sentiment for second-quarter fiscal 2017, since reporting a dismal first-quarter. The company lived up to expectations with both the top and bottom line beating estimates in the second quarter.  The company also posted 10th straight quarter of positive comps on the back of strong online sales at both brands driven by efficient use of omni-channel capabilities to enhance customer experience. Also, its new loyalty program, AEO Connect is likely to enhance customers' experience. We also commend American Eagle's focus on expansion, as evident from its plans to enter the Indian market. Moreover, the company remains optimistic about the second half of fiscal 2017, especially the fall season. However, margins have been strained owing to increased promotions and the company expects these trends to continue and hurt results.”

Avon Products (NYSE:AVP) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Avon has underperformed the industry in the last three months largely due to its dismal surprise history. Notably, the company has lagged top-line and bottom-line estimates for four straight quarters now. Results for the most recent quarter were mainly impacted by strong comparisons with the prior-year quarter. Based on the dismal performance, the company now expects constant-dollar revenue growth for 2017 to be at the low-end of its previous guidance range of low-single digits growth. However, the company’s progress on Transformation Plan, which is on track to deliver cost savings goals of $230 million for 2017, is impressive. With significant progress on enhancing cost structure and improving financial flexibility, the company is now keen on investing in growth by implementing strategies to aid in strengthening Avon while driving profitable growth. Estimates have been stable lately ahead of the third quarter earnings release.”

American Water Works (NYSE:AWK) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Year to date American Water Works have gained higher than the industry.  American Water Works continues to add customers and expand its market reach through acquisitions and organic growth. Year to date, the water utility has added 22,000 customers through closed acquisitions and organic growth. Thanks to its ongoing capital expenditure we expect the company to improve its water and wastewater systems, providing efficient services to its expanding customer base. Unimpressive performance in the market-based businesses has proved detrimental to the company’s earnings. It is subject to stringent regulations, fluctuating weather patterns and risk of accidents due to old and soiled pipelines. High debt level is a headwind.”

Boeing Company (The) (NYSE:BA) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $289.00 target price on the stock. According to Zacks, “Boeing's share has outperformed the industry's rally over the last one year. Boeing is the largest aircraft manufacturer in the world in terms of revenue, orders and deliveries, and one of the largest aerospace and defense contractors. The company’s 20-year market outlook, forecasts commercial jetliner demand to increase by 3.6%. The single-aisle jets are expected to be the major driver behind demand growth. Further, the company’s defense business stands out among its peers by virtue of its broadly diversified programs and strong order bookings. However, the company continues to face challenges from order cancellations, stiff competition as well as falling delivery numbers. Boeing’s 787 Dreamliner's deferred production cost also remains a cause of concern for the company. For its 747 model, weak demand for large commercial passenger and freighter aircraft also adds to the woes.”

Best Buy Co. (NYSE:BBY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $66.00 price target on the stock. According to Zacks, “Best Buy has exhibited a bullish run in the index and outpaced the industry in a year owing to strategic efforts, sturdy online sales growth and solid earnings history. The company is making extensive investments to upgrade operations with special focus on developing omni-channel capabilities and strengthening partnership with vendors. Moreover, following the completion of “Renew Blue” program, it launched a fresh strategy called “Best Buy 2020: Building the New Blue”. Under this strategy, the top most priority is to explore and pursue growth opportunities and optimize cost with focus on key areas. On the other hand, despite reporting robust results in second-quarter fiscal 2018, the stock took a hit as investors are concerned about margins which may come under pressure due to increase in investment. Moreover, the challenging retail landscape, aggressive promotional strategies and waning store traffic remain concerns.”

Big Lots (NYSE:BIG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $59.00 price target on the stock. According to Zacks, “Big Lots’ shares have outperformed the industry in the past three months owing to better-than-expected second-quarter fiscal 2017 results and encouraging earnings outlook. Moreover, the top line also surpassed the Zacks Consensus Estimate after missing the same in the trailing four quarters on account of robust performance of furniture and soft home. Following the results, management raised fiscal 2017 earnings guidance but remained somewhat cautious about its sales and comparable store sales performance. Sales growth for the full year is predicted to be in the range of 2-2.5%, compared with earlier guided range of 2-3%. Meanwhile, both furniture financing programs and soft home have been consistently gaining traction. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance. Of late, estimates have been stable for both third quarter and fiscal 2017.”

Avis Budget Group (NASDAQ:CAR) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Intense competitive pressures reduce the profitability of Avis Budget and contract its market share. High fleet costs and continued pricing pressure further continue to hinder Avis Budget’s earnings. Volatility in market demand, foreign currency risks and dependence on third-parties remain additional headwinds, leading to a tempered guidance. The company also underperformed the industry year to date. However, Avis Budget is aggressively increasing its presence in existing markets, while foraying in new markets like Iceland and Costa Rica. At the same time, the company is focusing on expanding its Budget brand, taking its multi-brand strategy to the next level. Avis Budget’s various acquisitions and collaborations will enhance its operational foothold in global markets. Moreover, sustained productivity growth, implementation of pricing initiatives and potential revenue-generating synergies from acquisitions bode well for the future.”

Cintas Corporation (NASDAQ:CTAS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $168.00 price target on the stock. According to Zacks, “Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The acquisition of G&K Services is anticipated to be accretive to Cintas’ earnings. The combined company is likely to cater to over one billion business customers with an extended product portfolio and additional processing capacity. The synergies from the combined operations are expected to yield $130 million to $140 million in cost savings from the fourth year of its operation. Cintas also aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base to include fresh business segments. Cintas has outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company.”

Denbury Resources (NYSE:DNR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $1.50 price target on the stock. According to Zacks, “Denbury Resources acquired 23% non-operated working interest in Salt Creek Field in Wyoming from Linn Energy. With its unique profile, compelling economics and unmatched infrastructure, Denbury Resources is well positioned to deliver long-term sustainable growth.  We appreciate the company’s cost-reduction initiatives and it has also raised its guidance for 2017 production. In spite of the company’s field in the Gulf area being affected by tropical storm Harvey, its 2017 production estimate remains unaltered. Other positives for the company include low-risk investments, a strong financial position and an active divestment policy.”

Duke Energy Corporation (NYSE:DUK) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Duke Energy’s hefty investment plans for the next five years is expected to improve its business by generating cleaner energy and bolstering its renewable asset base. The company also aims at modernization of its existing grid system, to offer better services to customers.  To this end, Duke Energy plans to strengthen its energy delivery system by investing $25 billion over the next 10 years to create a more modern, smarter energy grid. The company outperformed the broader industry in past one year. However, potential volatility in market prices of fuel, electricity and other renewable energy commodities may create operational risks for Duke Energy.   Duke Energy also faces challenges from severe weather conditions and natural calamities like hurricanes, which may result in breakdown and damage its infrastructure.  Adverse outcome from pending regulatory cases also pose threats to Duke Energy’s earnings growth.”

Enbridge Energy, L.P. (NYSE:EEP) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $18.00 price target on the stock. According to Zacks, “We like Enbridge Energy’s stable fee-based revenues from diverse energy infrastructure assets. Focus on a low risk business profile helps it to optimize returns, as well as generate stable earnings. Additionally, we like Enbridge’s attractive distribution yield and its increased exposure to leading U.S. basins. Enbridge Energy’s earnings surprise history is also impressive as reflected by the fact that the partnership surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average positive earnings surprise of 22.83%.  Moreover, Enbridge Energy’s secured-capital project program of $28 billion is likely to  generate huge cash flows and are, hence, lucrative for the investors in the long run.”

Exelixis (NASDAQ:EXEL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $29.00 target price on the stock. According to Zacks, “Exelixis received a significant boost with the approval of the tablet formulation of cabozantinib, (distinct from the capsule form) under the brand name Cabometyx for the treatment of RCC in patients. New patient starts, refills for patients already on therapy and continued expansion of the prescriber base for Cabometyx are driving the drug’s sales. Meanwhile, Exelixis is developing cabozantinib in a broad development program and hassubmitted a supplemental New Drug Application (sNDA) for advanced RCC. A potential label expansion of Cabometyx will significantly boost the growth prospects. Exelixis also has collaborations with Bristol-Myers and Roche on the development of the drug in combination with immunotherapy agents. Moreover, Exelixis’ share price has outperformed the industry year to date. However, the company is heavily dependent on Cabometyx for growth.”

The Hain Celestial Group (NASDAQ:HAIN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $46.00 price target on the stock. According to Zacks, “With an extensive portfolio of well-known brands, Hain Celestial offers investors one of the strongest growth profiles in the industry. We note that the stock has outpaced the industry in the past six months. Acquisitions have been a key part of the company’s strategy to build market share. A healthy balance sheet enables it to target strategic buyout opportunities and provide the company a strong foothold in the packaged food and grocery market. Following better-than-expected fourth-quarter fiscal 2017 results, the company expects to sustain the momentum into fiscal 2018 with net sales projected to increase in the band of 4-6%. Moreover, Hain Celestial being one of the largest suppliers to Whole Foods is viewing its acquisition by Amazon as a lucrative opportunity. However, stiff competition from companies expanding their presence in the natural & organic food business and foreign currency headwind remain deterrents.”

Halliburton (NYSE:HAL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “The world’s No. 2 oilfield-services provider has an incredible history when it comes to beating earnings estimates, driven by improved utilization and pricing gains in North America, together with cost saving initiatives. Halliburton is also set to profit from the Summit ESP buyout on account of the latter’s expertise in extending the life of shale wells. The shares of Halliburton have also outperformed the broader industry year to date. However, pricing pressure across the international markets is likely to dampen investor confidence. Moreover, with the failure of BHI acquisition, HAL had to book a massive $3.5 billion in breakup charges that stretched its balance sheet. Hence, we advise investors to wait for a better entry point before buying shares in HAL.”

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $24.00 price target on the stock. According to Zacks, “Interpublic’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. The company is expected to achieve targeted levels in the coming quarters based on diversification across emerging regions and collaboration across agencies through technological improvement. The Group’s best-in-industry talent and tools are expected to offer optimal and affordable solutions, thus rendering an edge over its peers. The company’s efforts in reducing costs, continuous margin improvement, stronger balance sheet and better capital structure should improve its profitability. For 2017, the company expects organic growth in the range of 3–4%, with a 50 bps improvement in operating margins. Interpublic also outperformed the industry year to date. However, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds.”

Michael Kors Holdings Limited (NYSE:KORS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $53.00 target price on the stock. According to Zacks, “Shares of Michael Kors took a sharp “U–turn” following the company’s positive earnings streak for the ninth straight quarter and upbeat fiscal 2018 guidance. The bullish run in the stock price helped it to outpace the industry in the past three months. Revenues also came ahead of the estimate for the second quarter in row on account of robust retail sales performance. The company now envisions fiscal 2018 total revenue to be nearly $4.275 billion, up from the previous estimate of about $4.25 billion. On the other hand, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. The company has been constantly deploying resources to expand product offerings, open new stores, build shop-in-shops and upgrade eCommerce platform. We note that despite the possibility of heavy investments weighing on margins in the short term, management continues to take up strategic endeavors.”

Leucadia National Corporation (NYSE:LUK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $28.00 price target on the stock. According to Zacks, “Leucadia’s performance in the debt capital market has improved with solid contribution from equity capital markets, advisory activities and a favorable sales and trading environment. With significant margin contribution from National Beef and other businesses, Leucadia remains well positioned to grow. The company’s businesses have separate revenue streams that move according to their own cycle and mitigate operating risks. A pro-growth business environment with a lower corporate tax structure should bode well for the economy and financial markets in general and Jefferies in particular. In addition, Trump’s plan to spend $1 trillion in infrastructure projects over a period of 10 years and regulatory rollbacks augur well. The company also outperformed the industry year to date. However, high network maintenance costs to prevent any intrusion and data theft of confidential client information strain margins for the company.”

Mylan N.V. (NASDAQ:MYL) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Mylan’s generics segment has been performing well driven by new product launches. In a major boost, Mylan received FDA approval for a generic version of Teva’s multiple sclerosis (MS) drug Copaxone 40mg.  This is the first generic of Copaxone that has been approved. The company being one of the first filers, will also enjoy 180 days of exclusivity.  According to QuintilesIMS, sales of Copaxone 20mg/mL dose was approximately $700 million and $3.64 billion for the 40 mg/mL dose for the 12 months period ending July 31, 2017. Earlier, Mylan received a complete response letter from the FDA regarding its ANDA for the generic version of asthma drug Advair Diskus. Mylan is also exploring the world of biosimilars. However, the FDA also postponed the target action date for a biosimilar version of Herceptin to Dec 3, 2017 due to ongoing review. Shares of the company have performed better than the industry so far in 2017.”

Navistar International Corporation (NYSE:NAV) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $49.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for Navistar’s quarterly earnings estimate has been going up of late. The company increased its truck segment sales, boosting its revenue. It is also focusing on the launch of new products and making strategic alliances with other companies like Volkswagen, thereby expecting to improve its scale and competitiveness. The company is also positioned to benefit from cost-saving initiatives like engine restructuring and reductions in discretionary spending. Moreover, in the last three months, Navistar has outperformed in the industry it belongs to.”

Navigant Consulting (NYSE:NCI) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Navigant continues to face challenges on both the domestic and international fronts. This is primarily attributable to the difficulties in managing and staffing foreign operations, relatively limited new assignments, currency fluctuations and regulatory stringencies due to the uncertainty in the global economy. Stiff competition due to low barriers to entry remains another impediment to growth. Navigant has also underperformed the industry year to date. However, Navigant continues to focus on cost-streamlining and restructuring activities to better align its capacity with market demand. The company expects its future growth to primarily come from expanded capabilities in the healthcare and energy sectors. Navigant is also developing data analytic tools across multiple groups to meet the growing demand for technology-enabled solutions that can help clients address most of the market challenges.”

Nikon Corp (NASDAQ:NINOY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Nikon’s growth blueprint is based on four initiatives — a merger & acquisition program, research & development program, human resource program and cost-reduction program. Nikon is focusing on expansion in two new segments, namely Medical and Instruments business. Also, Nikon is undertaking a number of initiatives on stabilizing the key financials of its core business areas – including Precision Equipment and Imaging Products – to stoke growth. However, effects of delayed budget execution by the government, adverse product mix in Imaging Products and poor performance of the Semiconductor Lithography business pose as headwinds for Nikon. This apart, high R&D expenditure, restructuring costs and investments related to the medical business, are escalating the company’s operational costs, thus putting pressure on margins. Over the past year, Nikon’s shares have underperformed the industry’s average.”

Natural Resource Partners (NYSE:NRP) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Natural Resource Partners is well poised to reap the benefits of improving metallurgical coal prices and President Trump’s decision to relax the stringent environmental regulations. Additionally, the strong natural gas prices have been helpful for the thermal coal industry. Natural Resource Partners depends on a few customers for coal royalty revenues, which could adverse impact its future performance. Rising competition in domestic and international space are headwinds. The partnership's dispute with Foresight Energy could lead to loss of another customer and can further impact its performance. Year to date loss in the units of Natural Resource Partners’ was wider than the industry.”

Novo Nordisk A/S (NYSE:NVO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $55.00 price target on the stock. According to Zacks, “Novo Nordisk has a strong pipeline, primarily focusing on therapeutic proteins within insulin, GLP-1, blood clotting factors and human growth hormone. The company has a strong presence in the Diabetes care market with a global value market share of 27%. The segment is driven by strong performance of drugs like Victoza, Tresiba, Saxenda and Xultophy among others. Novo Nordisk’s stock movement has outperformed the industry. However, we believe continued growth from Victoza and Tresiba as well as higher contributions from Saxenda and Xultophy will be partly offset by the impact of lower realized prices in the U.S., loss of exclusivity for products in hormone replacement therapy, intensifying competition within the diabetes and biopharmaceuticals markets and macroeconomic conditions in many markets under International Operations.”

News Corporation (NASDAQ:NWSA) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “News Corporation is in a transitionary phase looking to diversify its revenue streams through strategic acquisitions and operational enhancement. The company is expanding its digital offerings, along with greater emphasis on real estate businesses and augmenting digital subscriber base. Further, it has been concentrating on cost cutting. These endeavors have helped the stock to outpace the industry so far in the year and facilitated to post third straight quarter of positive earnings surprise in the final quarter of fiscal 2017. However, top line fell short of the estimate and declined year over year. News and Information Services, Book Publishing and Cable Network Programming segments hurt the results. Moreover, we note that this diversified media conglomerate continues to grapple with foreign currency headwinds and soft print advertising demand. Estimates have been stable ahead of the company’s first-quarter fiscal 2018 earnings release.”

Pitney Bowes (NYSE:PBI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Pitney Bowes’ concerted efforts to transform its business over the past three years have started to show results, as is evident from growth across most business lines in recent quarters. Particularly, the company’s Software business has witnessed a strong rebound on the back of these concerted transformation initiatives, after years of dismal performance. Also, the company’s efforts to optimize its new enterprise business platform to boost profitability are showing impressive results. However on the flip side, over the past six months, Pitney Bowes’ shares witnessed a steep decline, comparing unfavorably with the industry’s average positive return. High incremental marketing expense and prolonged weakness in mailing business are thwarting growth. Also, fluctuations in license revenues, currency fluctuations and softness in equipment sales pose as major threats, going forward.”

Public Service Enterprise Group (NYSE:PEG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $53.00 target price on the stock. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”

Pentair PLC. (NYSE:PNR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $78.00 target price on the stock. According to Zacks, “Pentair’s third-quarter 2017 adjusted EPS guidance range of 91–93 cents represents an 18% year-over-year increase at the mid-point. The company expects free cash flow to continue to improve, in line with historical seasonal patterns. Going forward, its focus on reorganization activities will fuel growth. The company will also gain from strong performance of the Aquatic & Environmental Systems business. Further, Pentair`s exhibition of its proven technology and latest food and beverage processing innovations at drinktec 2017 will aid improvement in orders which in turn will drive sales growth. The company has a positive record of earnings surprises in recent quarters. “

Phillips 66 (NYSE:PSX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $105.00 price target on the stock. According to Zacks, “In terms of size, efficiency and strength, Phillips 66 is a leading player in each operational segment – refining, chemicals and midstream. The company is working on fortifying its position by streamlining its asset portfolio and investing extensively. We appreciate Phillips 66’s intention to allocate money to higher margin business units like Midstream and Chemicals instead of extensive refining and marketing operations. The refiner's diversified presence across the U.S. supported by extensive transportation and logistics assets domestic, Canadian and international sources is noteworthy. Moreover, the company’s balanced approach to capital allocation scores high in this highly volatile commodity price environment. Phillips 66 has made significant investments for its business growth and also returned considerable amounts of cash to shareholders.”

Liberty Interactive Corporation (NASDAQ:QVCA) was upgraded by analysts at Zacks Investment Research from a sell rating to a buy rating. Zacks Investment Research currently has $25.00 price target on the stock. According to Zacks, “Liberty Interactive’s QVC division continues to benefit from the surge in online sales. The major thrust is expected to come from the growing adoption of high-end smartphones in the U.S. QVC is gradually expanding its presence in developed international markets such as Japan, Germany, Italy, and the U.K., which will enable QVC to achieve a high rate of growth. Liberty Interactive is also highly optimistic about its operations in China. We believe the $2.1 billion stock purchase deal to acquire HSN Inc. should be beneficial for Liberty Interactive. However, Liberty Interactive’s businesses remian susceptible to rapid technological changes. Persistent global economic crisis, foreign currency exchange rate risks and intense competition are other headwinds. Over the past three months, the stock price declined 4.3% as against the industry's 0.1% gain.”

Ralph Lauren Corporation (NYSE:RL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $97.00 price target on the stock. According to Zacks, “Ralph Lauren outperformed the industry in the past three months, backed by solid bottom line performance in recent quarters. Notably, first-quarter fiscal 2018 marked the company’s 10th consecutive earnings beat. Further, management remains impressed with first-quarter performance, as the company enhanced quality of sales by reducing promotions and markdowns, alongside reducing SKU count to drive productivity. Also, it managed to curtail inventory levels and also achieved cost savings by lowering operating costs. These factors, which also drove margins, clearly reflect Ralph Lauren’s focus on its Way Forward Plan and Restructuring activities. However, sales continue to be hurt by weak demand, brand exits and efforts to drive sales quality. The company continues to face currency woes which are likely to hurt second-quarter results. Nonetheless, efforts to evolve product and marketing bode well. Estimates have been trending up lately.”

Seattle Genetics (NASDAQ:SGEN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $64.00 target price on the stock. According to Zacks, “Seattle Genetics has upped its guidance for 2017 driven by a robust performance of Adcetris in the first half. We are also encouraged by the company’s efforts to expand the drug’s label. The company’s collaboration with Takeda for the global development and commercialization of Adcetris is encouraging. However, dependence on one product – Adcetris– for growth has its inherent risks.The recent label expansion of Merck’s Keytruda in the lymphoma indication is likely to increase competition. Though the company has multiple candidates in its pipeline, most of them are in early stages of development. The company’s shares have underperformed the industry year to date. Estimates have remained stable ahead of the Q3 earnings results. The company has a mixed record of earnings surprises in recent quarters.”

S&P Global (NYSE:SPGI) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $178.00 price target on the stock. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. The acquisition of SNL Financial is likely to complement the S&P Capital IQ and Platts businesses. Moreover, it will enable global expansion on a greater scale especially within the banking and insurance sectors, while media and real estate areas are likely to emerge as new opportunities. The acquisition is expected to be accretive to GAAP earnings in 2018. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. The company also outperformed the industry year to date. However, S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets.”

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