Equity Insights May 15th: JPMorgan, Net 1 Ueps, United Rentals, EnergySolutions, Brinker Intl
JPMorgan Chase & Co. (NYSE:JPM): Wells Fargo reduced its 2012 EPS estimate for JPMorgan to reflect the bank’s expected $2B investment loss, as well as an additional $3B that the firm expects the bank to lose as a result of its situation. The firm reduced its valuation range on the stock to $45-$47 from $47-$50 but maintains an Outperform rating on the stock.
Net 1 Ueps Technologies Inc. (NASDAQ:UEPS): Baird said Net 1 UEPS has an attractive risk/reward for long-term investors citing potential for new grants, additional projects in South Africa, growth into new countries, and expansion into new services. Shares are Outperform rated with a $12 price target.
United Rentals, Inc. (NYSE:URI): After United Rentals’ stock dropped 5% following the company’s announcement of lower than expected 2012 savings from its acquisition of RSC Holdings, Oppenheimer notes that its 2013 and 2014 cost savings estimates have increased. The firm remains bullish on United Rentals and reiterates an Outperform rating on the shares.
EnergySolutions, Inc (NYSE:ES): FBR Capital believes the 20% sell-off in shares of EnergySolutions since the company’s Q1 results is an overreaction and recommends buying the stock at current levels. FBR reiterates an Outperform rating on the name with an $8 price target.
Brinker International Inc. (NYSE:EAT): UBS raised Brinker estimates given execution and Chili’s same-store-sales growth. Shares are Buy rated.
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