Analysts: J.C. Penney’s Overhang is Removed and 3 Other Research Notes to Browse
J.C. Penney (NYSE:JCP): Buckingham recommends that investors maintain J.C. Penney long positions as the Vornado sale was expected. The analyst says that Vornado indicated that it would sell their J.C. Penney position on the August earnings call and views it as an overhang removal. The shares are Buy rated with a $20 price target.
PetroChina (NYSE:PTR): Bernstein does not believe that the probes into PetroChina will hurt the company over the long-term. The firm thinks that the current share price is cheap and the firm expects the stock to rebound over the next three to six months. It keeps an Outperform rating on the shares.
Hain Celestial (NASDAQ:HAIN): Jefferies raised its price target for Hain Celestial shares to $91 from $74 to reflect expectations for around 20 percent earnings growth in the 2014 fiscal year. The firm keeps a Buy rating on the stock.
Las Vegas Sands (NYSE:LVS): Stifel increased its target on Las Vegas Sands to $76 from $66 based on the recent strong results in Macau and the firm’s belief that trends there should remain healthy for the foreseeable future. The firm thinks that estimates for Las Vegas Sands remain conservative for the most part and it keeps a Buy rating on the stock.
Don’t Miss: Is the D.C. Wage Bill Dead?