Equities Research Analysts’ Updated EPS Estimates for March, 20th (ALK, APA, ARE, ARII, BC, BOX, BRK.A, CAL, CRZO, DISH)

Equities Research Analysts’ updated eps estimates for Monday, March 20th:

Alaska Air Group (NYSE:ALK) had its in-line rating reiterated by analysts at Imperial Capital.

Apache (NYSE:APA) had its buy rating reiterated by analysts at KLR Group. They currently have a $79.00 target price on the stock.

Alexandria Real Estate Equities (NYSE:ARE) had its buy rating reiterated by analysts at Mizuho. They currently have a $125.00 price target on the stock.

American Railcar Industries (NDAQ:ARII) was upgraded by analysts at Cowen and Company from a market perform rating to an outperform rating. Cowen and Company currently has $4.00 target price on the stock.

Brunswick (NYSE:BC) had its buy rating reaffirmed by analysts at BMO Capital Markets. They currently have a $72.00 price target on the stock.

Box (NYSE:BOX) had its buy rating reissued by analysts at Drexel Hamilton.

Morgan Stanley initiated coverage on shares of Berkshire Hathaway (NYSE:BRK.A). Morgan Stanley issued an equal weight rating on the stock.

Caleres (NYSE:CAL) had its neutral rating reiterated by analysts at Susquehanna Bancshares Inc. The firm currently has a $31.00 target price on the stock.

Williams Capital started coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO). The firm issued a buy rating and a $44.00 price target on the stock.

DISH Network Corp (NASDAQ:DISH) had its outperform rating reaffirmed by analysts at Wells Fargo & Co.

FedEx (NYSE:FDX) had its overweight rating reiterated by analysts at Barclays PLC.

FedEx (NYSE:FDX) had its outperform rating reaffirmed by analysts at JPMorgan Chase & Co..

Hovde Group began coverage on shares of Financial Institutions (NASDAQ:FISI). Hovde Group issued an outperform rating on the stock.

Fifth Third Bancorp (NASDAQ:FITB) was upgraded by analysts at Hilliard Lyons from an underperform rating to a neutral rating.

Foot Locker (NYSE:FL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $85.00 price target on the stock. According to Zacks, “Foot Locker has outperformed the Zacks categorized industry in the past one year by a wide margin. Sturdy comparable sales performance, cost containment efforts and strategic initiatives have helped the company to post third straight quarter of positive earnings surprise, when it reported fourth-quarter fiscal 2016 results. The company also registered year-over-year growth in both the top and bottom lines. Management now projects mid-single-digit increase in comparable sales in fiscal 2017. Further, it envisions double-digit growth in earnings per share for the fiscal year. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, will benefit the company in the long run. However, a competitive retail landscape, fashion obsolescence and foreign currency headwinds remain concerns.”

1-800-Flowers.Com (NASDAQ:FLWS) had its buy rating reissued by analysts at Benchmark Co.. The firm currently has a $15.00 target price on the stock.

General Electric Company (NYSE:GE) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “General Electric’s multi-billion deal with Baker Hughes is likely to boost the Oil & Gas segment revenues. General Electric further aims to grow its 3D manufacturing business to $1 billion by 2020 through opportune acquisitions. The company has almost completed the GE Capital exit plan about one year ahead of the schedule to focus on core industrial operations with a digital edge. With a healthy ROI from the Alstom deal, the company has offered a bullish guidance for 2017 and expects a steady rise in operating profits. However, for a company as large as General Electric, the additional revenues needed for growth are quite large, posing a challenge in developing businesses on such a vast scale. Significant order backlog, high operating risks related to the Brexit referendum and foreign currency volatility remain other headwinds. The company has also underperformed the industry in the last three months on macroeconomic and currency woes.”

Alphabet (NASDAQ:GOOGL) was downgraded by analysts at Pivotal Research from a buy rating to a hold rating.

INC Research Holdings (NDAQ:INCR) was downgraded by analysts at SunTrust Banks, Inc. from a buy rating to a hold rating.

Infosys (NYSE:INFY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $18.00 price target on the stock. According to Zacks, “Infosys’ Renew New strategy has helped it reap multiple benefits including the renewal of traditional services, winning of deals, introduction of services and monetization from key initiatives. Also, initiatives such as the Zero Distance Program are expected to boost growth. Additionally, most of Infosys’ businesses, namely, Finacle, Edge Verve, and Panaya performed well during the reported quarter. Also, the company’s alliance strategy with leading technology providers is likely to unlock multiple growth opportunities. Moreover, robust performance of the data analytics, testing and enterprise system segments are proving conducive to growth. Despite these positives, Infosys’ shares have recorded an average negative return over the past six months, comparing unfavorably to the Zacks categorized IT Services industry average. President Trump’s anti-immigration stance is likely to exert pressure on Infosys' margins.”

Tigress Financial initiated coverage on shares of Korn/Ferry International (NYSE:KFY). The firm issued a neutral rating on the stock.

Kansas City Southern (NYSE:KSU) had its equal weight rating reissued by analysts at Morgan Stanley. The firm currently has a $88.00 price target on the stock.

William Blair initiated coverage on shares of Laureate Education (NASDAQ:LAUR). The firm issued a market perform rating on the stock.

Deutsche Lufthansa AG (ETR:LHA) had its sell rating reissued by analysts at DZ Bank AG.

Legg Mason (NYSE:LM) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Legg Mason’s shares underperformed the Zacks categorized Investment Management industry over the last six months. Regulatory pressure and strict regulations may hinder the company's money market fund business. Though the company’s strategic acquisitions over the last few years, including the acquisition of Financial Guard in Aug 2016, should boost top-line growth, absence of significant improvement in its investment management performance may result in continuation of equity AUM outflows in the coming years. Notably, the company has recorded reduction in AUM all through the December quarter though increased in January and February.”

Malibu Boats (NASDAQ:MBUU) had its hold rating reissued by analysts at BMO Capital Markets. The firm currently has a $22.00 target price on the stock.

Vail Resorts (NYSE:MTN) had its outperform rating reiterated by analysts at Wells Fargo & Co.

Oracle (NYSE:ORCL) had its hold rating reiterated by analysts at Wunderlich. They currently have a $46.00 price target on the stock, up from their previous price target of $43.00.

Progressive Corp (NYSE:PGR) was upgraded by analysts at Bank of America Corp from a neutral rating to a buy rating.

Regeneron Pharmaceuticals (NASDAQ:REGN) had its buy rating reaffirmed by analysts at BTIG Research. The firm currently has a $460.00 target price on the stock.

Stifel Financial Corp (NYSE:SF) had its neutral rating reaffirmed by analysts at Goldman Sachs Group Inc. They currently have a $59.00 price target on the stock, up from their previous price target of $58.00.

Simon Property Group (NYSE:SPG) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Recently, Simon Property extended & amended its $4 billion unsecured revolving credit facility. Also, the company extended its $2 billion stock repurchase program by 2 years. In Jan, the company reported better-than-expected fourth-quarter 2016 adjusted funds from operations (FFO) per share. It also declared a sequential dividend hike of 6.1%, which is encouraging. Notably, with exposure to various retail assets, adoption of omni-channel policies, portfolio-restructuring moves and a robust balance sheet, the company is expected to ride the growth curve amid a recovering economy. But, rise in online sales is a concern as it cuts the demand for retail real estate space, affecting occupancy and rent growth. Also, hike in the interest rate is a concern. Shares of the company underperformed the Zacks-categorized REIT and Equity Trust – Retail industry over the past 3 months. Its FFO estimate for 2017 moved down over the last 30 days.”

Sunoco (NYSE:SUN) was downgraded by analysts at Stephens from an overweight rating to an equal weight rating.

Skyworks Solutions (NASDAQ:SWKS) had its buy rating reissued by analysts at Charter Equity.

Target (NYSE:TGT) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Target, which has underperformed the industry in the past six months, has been witnessing a downtrend in estimates post fourth-quarter fiscal 2016 results. After three straight quarters of earnings beat, the company succumbed to a negative earnings surprise in the final quarter. Total sales also fell short of expectations, after surpassing the same in the preceding quarter. Moreover, it continues to decline year over year. The sale of the pharmacy and clinic businesses to CVS Health, stiff competition and sluggish traffic impacted the top line. The dismal performance compelled management to provide a bleak outlook for fiscal 2017. Nevertheless, we believe that the initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores, bode well. The company intends to launch new brands and will try to be more competitive in terms of price.”

Bank of America Corp started coverage on shares of Workday (NYSE:WDAY). They issued a buy rating and a $96.00 price target on the stock.

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