Analysts: Dick’s Guidance Cut Could Offer Entry Point and 3 More Research Notes to Read

Dick’s Sporting Goods (NYSE:DKS): UBS expects Dick’s to report lower-than-expected second-quarter comparable sales and believes that the company may reduce its full-year earnings per share guidance. Any weakness relating to a guidance cut would create a good entry point, as the company’s results should improve in upcoming quarters, the firm says. It keeps a Buy rating on the stock.

DKS 20130816

Perrigo (NASDAQ:PRGO): Following Perrigo’s report of lower-than-expected fourth-quarter revenue and lower-than-expected 2014 EPS guidance, UBS thinks the company’s underlying business remains strong. The firm thinks the company is on track to generate $8 per share of EPS in 2015, and it keeps a $140 price target.

PRGO 20130816

Anadarko (NYSE:APC): ISI Group has upgraded Anadarko to Strong Buy from Buy due to relative valuation and points out that its risk/reward profile is favorable ahead of the Tronox outcome. The price target is set for $115.

APC 20130816

TripAdvisor (NASDAQ:TRIP): Wunderlich views the pullback in shares of TripAdvisor following the company CEO’s comments regarding a weaker third quarter as a buying opportunity for long-term investors. The firm believes the comments reflect the continued challenges of the metasearch transition but feels the transition is right strategy. Wunderlich keeps a Buy rating on the stock with an $80 price target.


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