Analysts: Whirlpool Could Report Better-Than-Expected Results and 3 More Research Notes to Explore
Whirlpool (NYSE:WHR): KeyBanc expects Whirlpool to report better-than-expected results due to stronger North American volumes. As a result, the firm raised its estimates and reiterates a Buy rating on the stock.
American Tower (NYSE:AMT): Wells Fargo says American Tower “came out swinging hard” after a boutique research firm accused the company of possible accounting fraud. The firm believes concerns over American Tower’s Brazilian acquisition are overdone and keeps an Outperform rating on the stock.
PepsiCo Inc. (NYSE:PEP): Following a TV appearance by Nelson Peltz, in which the activist investor said that PepsiCo should buy Mondelez (NASDAQ:MDLZ) or spin off its snacks unit without the acquisition, Stifel thinks PepsiCo could take the latter action. It believes Pepsi is unlikely to reverse its opposition to buying Mondelez anytime soon and keeps a Hold rating on Pepsi shares.
Crocs (NASDAQ:CROX): Goldman Sachs recommends buying Crocs ahead of the second-quarter report, as it believes that expectations are low and the second quarter will mark a return to positive comps following six months of declines. The firm said new product innovation and easier comps support same-store sales acceleration, and it expects the company to report third-quarter earnings of 69 cents against the 64 cent-guidance midpoint. Goldman rates Crocs a Buy with a $19 price target, and believes shares can have a large positive move on earnings.