Hess Valuation Range Increased and 4 Stock Analyses Making Rounds

Chipotle Mexican Grill, Inc. (NYSE:CMG): Current price $308.20

Bank of America/Merrill said Chipotle Mexican Grill, Inc.’s pre-announcement a few weeks ago clarified near-term issues and has shifted sentiment positively, allowing investors to focus on long-term fundamentals. The firm expects long-term unit growth and metrics, new businesses, and aggressive buybacks to drive shares. The firm rates Chipotle a Buy with an increased price target of $350, up from $310.


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Hess Corporation (NYSE:HES): Current price $67.86

After the company announced that they will pursue sales of their terminal network and exit their refining business, Wells Fargo increased their valuation range on Hess Corporation. The firm thinks the moves will leave the company’s focus clearer and their balance sheet a little cleaner. Wells maintains a Market Perform rating on the stock.


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Franklin Resources Inc. (NYSE:BEN): Current price $135.86

Wells Fargo believes that the Street is underestimating Franklin Resources Inc.’s leverage to the global economy and equities. The firm expects the stock’s multiple to expand over the next year and they maintain an Outperform rating on the stock.


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MGM Resorts International (NYSE:MGM): Current price $12.73

Brean Capital reiterated their Buy rating on MGM Resorts International in spite of their fourth quarter miss. The firm believes the miss was due to a calendar shift and inclement weather. Brean cited their excellent balance sheet, strong free cash flow, and well run gaming assets as reasons for their recommendation. The price target is $60.


Yahoo! Inc. (NASDAQ:YHOO): Current price $20.41

Goldman said Yahoo!’s fourth quarter beat their better than expected net search revenues. Their focused strategy and buybacks indicates that the company is moving in the right direction. The firm views Yahoo! risk reward as compelling and reiterates their Conviction Buy rating. Price target raised from $24 to $25 .