Analysts: Yelp Can Be the Local King and 4 New Opinions Investors Must Pore Over
Urban Outfitters Inc. (NASDAQ:URBN): According to William Blair, Urban Outfitters is poised to meet Q1 expectations after it revealed its quarter-to-date comp trends are in the high-single-digit range. The firm believes that investors will have a positive reaction to the company’s continued healthy sales trends. The firm rieterates its Outperform rating on the stock.
Valley National Bancorp (NYSE:VLY): Morgan Stanley is cautious on Midcap Banks heading into this quarter consider ing rich valuations, high expectations, and mixed trends. The firm is the most below Street estimates on Valley National, First Horizon (NYSE:FHN), TCF Financial (NYSE:TCB), and Fifth Third Bancorp (NASDAQ:FITB), and it stated that banks with potential upside are SVB Financial (NASDAQ:SIVB), East West Bancorp (NASDAQ:EWBC), and BankUnited (NYSE:BKU).
Walgreen Co. (NYSE:WAG): The company is expected by Susquehanna to show sustained strength and improvement, and it should be helped by a calendar shift from Easter and continued prescription volume growth. The firm is convinced that same store sales momentum will keep building leading to earnings improvement and valuation expansion. The firm gives the shares a Positive rating and a $56 price target.
United States Steel Corp. (NYSE:X): Bank of America Merrill Lynch decided to cut Underperform rated U.S. Steel estimates as a way to reflect below consensus iron ore price forecasts, margin contraction, and fixed costs. The firm still believes that there is further downside and lowered its price target to $14 from $16.
Yelp (NYSE:YELP): After the firm met with Yelp’s management, Cantor is upbeat regarding Yelp’s underlying fundamentals and growth prospects over the medium/long-term. The firm views the company as getting close to becoming a major player in advertising for local businesses and it reiterates its $27 price target and Buy rating on the stock.
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