Analysts: Arkansas Best Won’t Realize Benefit Concessions and 3 More Research Notes to Read
Arkansas Best (NASDAQ:ABFS): Wells Fargo has reduced its 2013 earnings per share estimate for Arkansas Best to 43 cents from 67 cents, primarily because the company will not realize Teamster wage and benefit concessions until a number of outstanding issues are resolved, according to the firm. It keeps a Market Perform rating on the stock.
Walter Investment (AMEX:WAC): Sterne Agee predicts that Walter Investment’s 2014 EPS will come in above the company’s guidance, driven by gains in mortgage servicing revenues and the expected expansion of the reach of the company’s mortgage originator. The firm keeps a Buy rating on the stock.
AMC Networks (NASDAQ:AMCX): Macquarie has upgraded AMC Networks to Outperform from Neutral, citing industry-leading revenue and earnings growth. The price target has also been raised, to $80 from $68.
Tim Hortons (NYSE:THI): BMO Capital upgraded Tim Hortons to Market Perform from Underperform following a second quarter beat and $1 billion share buyback. The price target raised to $60 from $57.