Foot Locker Poised for Growth and 3 Stock Analyses Making Rounds
Velti PLC.(NASDAQ:VELT): Jefferies expects Velti PLC.’s third quarter results, tomorrow, will hit the high end of the company’s revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance. The firm also anticipates that Velti’s fourth quarter guidance will be reiterated or slightly raised. Ahead of the earnings report, Jefferies reiterates a Buy rating on their stock .
Beazer Homes USA Inc. (NYSE:BZH): Following the company’s fourth quarter, JP Morgan viewed yesterday’s 17% pullback in shares of Beazer Homes results as an overreaction. They think that Beazer’s turnabout plan remains on track and reiterate an Overweight rating on the name with a newly established price target of $18.
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Foot Locker, Inc. (NYSE:FL): Due to core basketball category strengths, market share gains, and new product launches, UBS maintains their above consensus third quarter earnings per share estimate of 55c for Foot Locker, Inc. The firm views several drivers that will support ongoing growth that include new unit growth, the NFL shop partnership with Nike, re-imaging of Champs/Foot Locker stores, and the new women’s premium concept. Shares are Buy rated with a $38 price target.
Six Flags Entertainment Corp. (NYSE:SIX): Oppenheimer believes that Six Flags Entertainment Corp. could successfully negotiate changes to their debt committment by the first quarter of 2013 that would allow them to buy back $500 million of stock. The firm thinks the company is benefiting from an increase in season pass sales and they maintain an Outperform rating on their shares.
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