Analyst Actions: GS, BP, AAPL, DIS, AMAT, FDO, GRS
Tuesday, July 06, 2021 9:49 AM

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Goldman Sachs (NYSE: GS): J.P. Morgan analysts Kian Abouhossein and Delphine Lee on Tuesday upgraded Goldman Sachs to Overweight from Neutral, saying that it is best in class managing each unit of risk. In a research note to clients, the analysts said that the Goldman Sach’s risk management could act as a "benchmark for investment bank peers."

BP (NYSE: BP): Royal Bank of Scotland analysts David Cline and Barry McCarthy on Tuesday upgraded BP to Buy from Hold. However, the firm cut its price target to 455 pence from 595 pence. In a research note to clients, the analysts said "Stopping the flow of oil will cap the physical volume of the spill, reduce the daily costs being incurred, cool the political temperature and, if BP's share price remains excessively depressed, it could trigger credible merger speculation." 

Walt Disney Co. (NYSE: DIS): Needham & Company on Tuesday reiterated a Hold on the stock. In a research note to clients, the firm said "We are maintaining our 3Q10 revenue estimate at $9.378B (up 9% y/y), and EBITA of $2.08B (up 13% y/y). We are raising our EPS estimate by $0.02 to $0.58 (up 11% y/y), to reflect a lower tax rate of 36% for the balance of FY 2010. We are fine tuning our FY3Q10 revenue mix to reflect changes discussed in detail in this report. In summary, our revised 3Q estimates reflect our expectation for a solid quarter based on strong performances from DIS’s film studio, lead by the opening weekend success of Toy Story 3 and better than expected results for the DVD sales of Alice in Wonderland, the contribution from Marvel and it’s Iron Man franchise, and a solid ad market for the Cable Networks." 

Apple Inc. (NASDAQ: AAPL): Kaufman Brothers on Tuesday reiterated a Buy rating on Apple and raised its price target to $349 from $342. In a research note to clients, the firm said "Based on our detailed analysis of supply chain data, believe near-term Street iPhone assumptions likely too aggressive due to inventory drawdown and supply constraints...Reducing our June quarter forecast to 7.5M units (from 9M) but leaving our 40M view for C2010 intact...Raising our iPad assumptions due to better demand and improving availability." 

Applied Materials (NASDAQ: AMAT): Piper Jaffray analyst Auguste Richard on Tuesday downgraded Applied Materials to Neutral from Overweight and cut its price target from $18.50 to $14. In a research note to clients, Richard said, "AMAT's entry into solar has not gone well in the thin film solar market. This has been more of an overhang on the shares than we expected. While recent checks have indicated that the semiconductor super cycle is intact, we believe that the solar head wind will likely cause AMAT shares to underperform relative to its peers."

Family Dollar Stores Inc. (NYSE: FDO): Citigroup on Tuesday upgraded the stock to Buy from Hold and boosted its price target to $47 from $44. In a research note to clients, the brokerage firm said “We are upgrading FDO to a Buy rating, up from a Hold rating prev., to reflect the upside from current levels and our constructive view on the dollar store industry as well as FDO’s fundamental prospects. We have assigned a $47 target price for FDO (up from $44 prev.)."

Gammon Gold (NYSE: GRS): Scotia Capital on Tuesday upgraded the stock to Sector Perform from Underperform and raised its price target to $8 from $7.50.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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    Closest Estimates

User SymbolConsen EPSEstimate EPSActual EPS
Jim OPNT$0.10$0.09$0.07
XXXXX MNT$0.33$0.33$0.35
XXXXX OPNT$0.10$0.05$0.07
XXXXX PETM$0.33$0.33$0.34
XXXXX JBX$0.70$0.82$0.80
XXXXX HPQ$0.69$0.70$0.70
XXXXX OPNT$0.10$0.09$0.07
XXXXX CHUX$0.31$0.35$0.36
XXXXX HPQ$0.69$0.70$0.70
XXXXX CRM$0.01$0.00$0.01

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX BAC$0.23
XXXXXXXXXX FDO$0.76
XXXXXXXXXX GE$0.27
DougXXXXX INTC$0.43
XXXXXXXXXX LVLT($0.12)
XXXXXXXXXX GS$2.65
XXXXXXXXXX VZ$0.56
Richard WXXXXX RIMM$1.34
mikeXXXXX RIMM$1.34
XXXXXXXXXX PIR($0.02)