Brinker International Inc. (NYSE:EAT)reported slightly lower Q1 EPS than predicted, but Argus continues to expect the company to report higher EPS than predicted in coming quarters, driven by its margin expansion efforts. The firm keeps its Buy rating and a $40 target on the stock.
The Blackstone Group (NYSE:BX) target has been raised, due to the firm’s belief that on its Q3 results conference call, the company’s management seemed more upbeat in regards to the prospects for larger real estate sales. The firm predicts and increase in the company’s distribution and stock price, and it reiterates its Buy rating.
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Watson Pharmaceuticals Inc. (NYSE:WPI) valuation range has been increased by Wells Fargo following the company’s report of higher than expected Q3 EPS. The firm keeps its Outperform rating on the stock.
Rovi Corporation (NASDAQ:ROVI) target has been raised by Brean Capital following the company’s report of better than Q3 results than expected and its tightened guidance to the top-end of its prior range. The firm has gained confidence that the company has the ability to drive sustainable 20 percent EPS growth, and it keeps its Buy rating.
Automatic Data Processing, Inc. (NASDAQ:ADP): According to Jefferies, yesterday’s rally in Automatic Data Processing shares after the company’s Q1 results is an overreaction. The firm thinks that the valuation of the stock is too high within the context of ADP’s growth, and it maintains its Underperform rating on the stock.
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