Cummins Remains a Top Idea and 3 Stock Analyses Sparking Chatter
Owens-Illinois, Inc. (NYSE:OI): Current Price: $24.72
Wells Fargo believes that Owens-Illinois will set a three year EPS target of $4+ at its upcoming Investor Day. The firm is convinced that the company is focused on regaining profitability in Europe, and it keeps its Outperform rating on the stock.
USG Corp. (NYSE:USG): Current Price: $27.28
According to Baird, yesterday’s sell-off of USG after its Q4 results have created a compelling entry point. The firm cited the company’s improving demand, strong operating leverage, and solid distribution performance. The firm gives the shares an Outperform rating and a $34 price target.
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Cummins Inc. (NYSE:CMI): Current Price: $118.43
Baird stated that Cummins continues to be a Top Idea after its solid Q4 results due to the company’s increasing China truck demand, recovery of construction, and North American truck demand improving more than expected. The firm gives the stock an Outperform rating and a $130 price target.
Hot Topic Inc. (NASDAQ:HOTT): Current Price: $10.75
Susquehanna decided to increase its estimates on Hot Topic after the company showed solid Q4 comps. The firm thinks that the company is successfully repositioning the core brand as it simultaneously builds its Torrid brand. Shares have a Positive rating and a $14 price target.
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