Analyst Insights: Boeing, Joy Global, The Children’s Place, Nike, Colgate-Palmolive March 20th
Boeing Co. (NYSE:BA): After conducting checks, Sterne Agee believes that order volume for Boeing’s 787 planes is increasing. The firm – which notes that Boeing’s stock has lagged the market this year – predicts that the company will meet its sales target of five 787s per month earlier than expected.
Joy Global, Inc. (NASDAQ:JOY): Goldman said Joy Global is a compelling value idea given its leading capital returns and an aftermarket business that benefits from declining mine ore grades. Shares are Buy rated.
The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE): Susquehanna said Children’s Place continues to be a top idea citing confidence in management and its enhanced focus across product development, brand strengthening, geographic expansion, and operational excellence. Shares remain Positive rated but its price target is lowered to $60 from $66
Nike Inc. (NYSE:NKE): Susquehanna raised its price target on Nike ahead of Q3 results. The firm expected solid results citing expectations of higher futures orders, improving gross profits, and strong margins. Shares are Positive rated.
Colgate-Palmolive Co. (NYSE:CL): Morgan Stanley believes Colgate short-term upside will be driven by improved gross margin trends and top line growth. The firm believes Colgate deserves a premium multiple given its emerging markets and personal scale exposure, better business mix, and sold balance sheet. Shares are Overweight rated with an increased price target of $107.
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