Equities Research Analysts’ Updated EPS Estimates for February, 14th (CBD, CERN, CYNO, E, FOSL, GPC, GPOR, SKX, TEF, TEX)

Equities Research Analysts’ updated eps estimates for Tuesday, February 14th:

Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a buy rating. Zacks Investment Research currently has $21.00 price target on the stock. According to Zacks, “Estimates have been rising since CBD discontinued Via Varejo operations. In fact, shares of the company have outperformed the Zacks Categorized industry over the past one year. We note that Companhia Brasileira de Distribuicao has been reporting a decline in profits since past few years due to a decline in demand and lower consumer confidence. Rise in expenses also led to margin contraction. However, after the divestment of the interest held by GPA in Via Varejo, company’s sales have been growing due to comparable store sales growth. Comp sales grew, as Assai continued to deliver stronger sales along with better sales trend at Multivarejo, supported by improvement at Via Varejo.”

Cerner Corporation (NASDAQ:CERN) had its buy rating reiterated by analysts at Jefferies Group LLC. Jefferies Group LLC currently has a $63.00 target price on the stock.

Cynosure (NASDAQ:CYNO) was downgraded by analysts at Maxim Group from a buy rating to a hold rating. Maxim Group currently has $66.00 target price on the stock.

Cynosure (NASDAQ:CYNO) was downgraded by analysts at Aegis from a buy rating to a hold rating.

ENI S.p.A. (NYSE:E) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Eni SpA’s relatively low risk earnings growth and an increasing dividend that yields a solid 4.19% adds visibility to the story. Further with the expected strengthening of global economy, we believe that Eni offers ample opportunity for profitability in the coming quarters. Moreover, we can see from Eni’s share price chart, that the share has outperformed the broader market indices over the last three months. However, Eni's exposure to production in the vulnerable and violence-prone regions in Nigeria poses additional risk. As it is, lower oil prices continue to take a toll on Eni's key upstream unit, while challenges faced by the European gas and refining sectors will restrict downstream performance.  Moreover, the commodity price rout is making it difficult for the company to sell assets at what it thinks is a good price. Given these headwinds, we see limited upside from its current level.”

Fossil Group (NASDAQ:FOSL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Estimates have been declining since Fossil reported its third quarter fiscal 2016 results, wherein Fossil delivered weaker-than-expected revenues in the third quarter of fiscal 2016, despite earnings beat. Further, the company has also narrowed its fiscal 2016 outlook. Moreover, the stock has been underperforming the Zacks Categorized industry, probably due to a decline in its multi-brand licensed watch portfolio, resulting from general weakness in the watches category. Unfavorable currency translations, sluggish U.S. comps are also hurting growth. Nevertheless, the company’s product innovation and continued momentum of the Fossil brand has been driving the company’s growth. Fossil’s expansion in wearable technology is also boosting its capacity. The recent announcement by the company to double its wearables production and add new brands in 2017 show that there is high demand for wearables.”

Genuine Parts Company (NYSE:GPC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Genuine Parts has underperformed the Zacks-categorized Auto/Truck-Replacement Parts industry in the last one year. The company was adversely affected due to challenges in the non-automotive business and a cut in most of the annual guidance for 2016. In addition, intensifying competition poses a challenge. Genuine Parts also has a mixed record of earnings surprises in recent quarters. Meanwhile, Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets, cost-saving activities, share repurchases and acquisitions.”

Gulfport Energy Corporation (NASDAQ:GPOR) had its buy rating reiterated by analysts at KLR Group. KLR Group currently has a $31.00 price target on the stock.

Skechers U.S.A. (NYSE:SKX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Skechers has outpaced the industry in the past six months. With greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform, it remains well positioned to sustain the momentum. However, third straight quarter of earnings miss, when it posted fourth-quarter 2016 results raises concern. The results were mainly affected by foreign currency translation that hurt gross margins, led to a rise in pre-tax expenses and weighed on the wholesale business in the U.K. The bottom line was also impacted by higher effective tax rate. Even an increase in net sales failed to act as a savior. We noted that the rate of sales growth in the fourth, third and second quarters have diminished significantly from the first quarter. The company’s domestic wholesale business remained a drag in the quarter. Nevertheless, Skechers remains optimistic about its top line performance in first-quarter 2017.”

Telefonica SA (NYSE:TEF) was upgraded by analysts at Zacks Investment Research from a sell rating to a buy rating. Zacks Investment Research currently has $11.00 target price on the stock. According to Zacks, “Shares of Telefonica have outshined the Zacks-categorized ‘Diversified Communication Services’ industry over the past three months. We further beleive that Telefonica should benefit from the launch of video services in several Latin-American markets, widespread adoption of broadband and data services, pricing revision, network enhancement and strategic collaborations, continued focus on organic growth and portfolio optimization. Telefonica is successfully capitalizing on the opportunities in the digital world through several growth strategies. Acquisition of E-Plus also bode well. However, the company continues to face stiff competition in the domestic and Latin-American markets and has a debt laden balance sheet. Moreover, Telefonica was downgraded by Moody' Investors Service following its debt-reduction advice to the company by the end of 2016. The fallout of the company’s IPO plans was also a major setback.”

Terex Corporation (NYSE:TEX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $36.00 price target on the stock. According to Zacks, “Terex has completed the previously announced sale of its German compact construction business and and its Material Handling & Port Solutions business. This will aid the company to focus on its product portfolio. Terex will benefit from its cost-saving initiatives and product development. Additionally, its transition into a more focused and simpler company will boost result. Terex's performance is likely to be bolstered by continued traction in new, innovative products. The stock has also outperformed the Zacks categorized industry. Terex's estimates have gone up ahead of its fourth quarter earnings.”

TELUS Corporation (NYSE:TU) (TSE:T) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “TELUS posted weak financial results in the fourth quarter of 2016. Also, TELUS faces fierce competition in both the wireless and wireline segments. At the wireless segment, it competes against Rogers Communications and Bell Canada and also faces threat from small regional carriers. Cable TV operators such as Shaw Communications poses threat on the wireline side. However, shares of TELUS have outperformed the Zacks classified 'Diversified Communication Services' industry over the past three months. TELUS continues to benefit from increased penetration of smartphones, higher average revenue per unit, accelerating wireless data services and an increasing number of wireline fiber optic networks. The company has also consolidated its foothold in the IoT market  and is focusing on its PureFibre network business.”

Universal Health Services (NYSE:UHS) was upgraded by analysts at Wolfe Research from a market perform rating to an outperform rating.

Viad Corp (NYSE:VVI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others. “

WebMD Health Corp (NASDAQ:WBMD) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing. “

Western Gas Partners, (NYSE:WES) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “

Worthington Industries (NYSE:WOR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Worthington Industries is one of the leading diversified metal processing companies. The company is one of North America’s premier value-added steel processors and one of the leaders in manufactured metal products such as automotive aftermarket stampings, pressure cylinders, metal framing, metal ceiling grid systems and laser welded blanks. (Company Press Release) “

Westell Technologies (NASDAQ:WSTL) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $1.00 target price on the stock. According to Zacks, “Westell Technologies Inc. designs, manufactures, markets and services a broad range of digital and analog products used by telcos to deliver services primarily over existing copper telephone wires that connect end users to a telco’s central office. The company also markets its products and services to other telecommunications and information service providers seeking direct access to end-user customers. The company’s customers include all the Regional Bell Operating Companies as well as GTE and other carriers. “

Yelp (NYSE:YELP) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “

Zillow Group (NASDAQ:ZG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Zillow Group, Inc. provides real estate and home-related brands on the Web and mobile. The company focuses on home lifecycle which include renting, buying, selling, financing and home improvement. Its portfolio of consumer brands consists of Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company’s business brands includes ActiveRain(R), Diverse Solutions(R), Market Leader(R), Mortech(R), Postlets(R) and Retsly(TM). Zillow Group Inc., formerly known as Zillow Inc., is headquartered in Seattle. “

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