Analysts: People’s United Has Upside Potential and 3 More Research Notes to Look Into

People’s United (NASDAQ:PBCT): JPMorgan has brought its rating of People’s up from Neutral to Overweight, and has raised its price target  for shares to $15.50 from $13.50 citing an attractive entry point into the name and upside potential to 2014 consensus estimates.

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PBCT

Walter Energy (NYSE:WLT): Morgan Stanley believes that Walter Energy will be able to work with banks to relax its covenants, and that a “full-blown” refinancing will not be necessary. Balance sheet conditions are manageable and management is adamant it will not raise equity, according to the analyst, and the firm keeps its $47 price target.

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WLT

Kroger (NYSE:KR): Susquehanna thinks that further multiple expansion will be difficult, and expects Kroger to post best in class but moderating identical store sales growth. However, the firm thinks that volatile industry sales growth creates risk that outweighs the company’s opportunities. It keeps a Negative rating on the stock.

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KR

Sykes Enterprises (NASDAQ:SYKE): RW Baird sees Sykes as being good value, after under-performing the S&P so far this year. Increasing volumes from the improving economy, expectations for margins growth, and earnings boosted by stock buybacks are cited as reasons for Baird’s Outperform rating.

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SYKE

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