Analysts: Best Buy’s Earnings Likely to Rise and 3 More Research Notes to Browse
Best Buy Co. (NYSE:BBY): UBS upgraded Best Buy to Buy from Neutral due to expectations that earnings will rise, driven by increased cost savings, greater vendor connectivity, Google and Amazon kiosks in stores, as well as a favorable product environment; the firm raised its price target on the shares to $49 from $35.
TD Ameritrade Holding Corp. (NASDAQ:AMTD): Raymond James upgraded TD Ameritrade to Outperform from Market Perform following investor meetings with the company’s management; the firm believes that improving top-line and margin expansion is under-appreciated and expects further dividend increases. The analyst has a $33 price target on TD Ameritrade shares.
Deckers Outdoor Corp. (NASDAQ:DECK): Piper Jaffray believes Deckers Outdoor’s UGG brand is well-positioned to gain shares during this holiday season; the firm raised its price target on Deckers Outdoor shares to $80 from $74, raised its estimates, and keeps an Overweight rating on the stock.
Applied Materials Inc. (NASDAQ:AMAT): RBC Capital expects Applied Materials’s results for its October quarter and January quarter to beat expectations; the firm raised its price target on Applied Materials stock to $20 from $17 and keeps an Outperform rating on the shares.