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JPMorgan: Stocks To Watch Out For

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Analyst Ann Duignan at JPMorgan maintained a Neutral rating on Deere & Co (NYSE: DE) after the USDA updated its 10-year outlook for farm cash receipts. The outlook indicates that the agriculture downtrend may extend much beyond 2015. Corn prices are unlikely to cross the $4 mark through 2024, while livestock and dairy prices could be mixed.

Analyst Christopher Turnure of JPMorgan maintained a Neutral rating on AES Corp (NYSE: AES). The analyst expects the company to announce a cut in its EPS guidance for 2015-2017 when it reports its 4Q results next week on account of weaker hydrology, Brazilian economic conditions and PJM power prices. The analyst reduced the 2015 estimate $0.11 to $1.26.

Analyst Christopher Turnure of JPMorgan maintained an Overweight rating on Duke (NYSE: DUK) after the company announced that it intends to keep the international generation segment and repatriating cash over time. These proceeds, along with those from the Midwest Generation sale, would be used to repurchase shares and pay down parent debt.

Analyst Sterling Auty of JPMorgan maintained an Overweight rating on Wix.com (NASDAQ: WIX). "We believe Wix is one of the most under appreciated high growth software names," Auty wrote. The company continues to generate positive cash flow, the shares are likely to outperform over the next twelve months.

Analyst Philip Cusick downgraded Intelsat (NYSE: I) to an Underweight rating, with the price target set at $12. The company reported mixed results for 4Q14, while announcing its 2015 guidance lower than the recently reduced estimates of the analyst. The company projected a 3.7-5.7% y/y decline in its revenue.

Analyst Kevin Milota of JPMorgan upgraded Norwegian Cruise Line (NASDAQ: NCLH) to an Overweight rating, with the price target set at $58. The company is likely to deliver revenue, EBITDA and EPS growth going ahead, given its smaller ship footprint, strong new order book, and the integration efforts of the Prestige brands. "Guidance is compelling," Milota added.

Milota of JPMorgan maintained an Overweight rating on Avis Budget Group, Inc (NASDAQ: CAR), after the company reported its adjusted EPS for 4Q14 ahead of expectations on account of lower-than-expected expenses and taxes, partly offset by lower revenues.

Latest Ratings for DE

DateFirmActionFromTo
Jan 2017BerenbergInitiates Coverage OnSell
Dec 2016Aegis CapitalInitiates Coverage OnHold
Dec 2016Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for DE
View the Latest Analyst Ratings

Posted-In: JPMorganAnalyst Color Upgrades Downgrades Price Target Analyst Ratings

 

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