Analysts: Comerica Will Underperform and 3 More Research Notes to Explore
Comerica (NYSE:CMA): Wells Fargo has brought its rating on Comerica down from Market Perform to Underperform, citing valuation as it believes benefits from higher short-term interest rates are priced in at current levels. The firm keeps a $34-$37 price target range for shares.
Nexstar (NASDAQ:NXST): Credit Suisse has taken its price target on Nexstar to $42 from $30, to better reflect expectations for additional M&A, high multiple, increased scale and cost synergies, a stable local ad market, and NOLs. It rates the shares at Outperform.
Marathon Oil (NYSE:MRO): Credit Suisse raised Marathon Oil estimates due to Eagle Ford production and higher U.S. cash margins, following meeting that the firm had with management. It has an Outperform rating on the shares.
Krispy Kreme (NYSE:KKD): Checks conducted by Longbow indicate that Q2 could have upside to 7.5 percent sales growth from Krispy Kreme company owned stores, and 8.2 percent from franchises. The firm has increased confidence in its Q2 EPS estimate of $0.16 versus the Street’s $0.15 EPS estimate, and reiterates its Buy rating.
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