DA Davidson Tweaks Estimates For 6 Stocks

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Analyst JB Groh at DA Davidson maintained a Buy rating on
Astronics CorpATRO
, while raising the price target from $65 to $78. The company announced Q4 adjusted EPS ahead of expectations. "Aerospace growth should exceed the overall aero market as penetration of in-seat power increases. Additionally, the revelation of AAPL as the test business customer is an incremental positive," Groh wrote. The EPS estimates for 2015 and 2016 have been raised from $3.20 to $3.30 and from $3.60 to $3.70, respectively. Analyst Steve Chercover at DA Davidson maintained a Neutral rating on
Boise Cascade Company BCC
, with a price target of $40. "2015 will be good, just not as good as previously thought…we think it's increasingly likely that Boise initiates a dividend in 2015, since the company is arguably under-levered and cash is piling up," Chercover added. The EPS estimate for 2015 has been reduced from $2.73 to $2.15. Analyst Gary P. Tenner at DA Davidson maintained a Buy rating on
CoBiz Financial, IncCOBZ
, with a price target of $14. The company will focus on the fee-based business and recurring revenue. The closing of its investment banking business "is a positive, given the earnings volatility inherent in the line item with little benefit, in our opinion, to the value of the overall franchise," Tenner wrote. The EPS estimates for 2015 and 2016 have been reduced from $0.78 to $0.75 and from $0.95 to $0.93, respectively. Analyst James Moorman at DA Davidson maintained a Buy rating on
EarthLink, IncELNK
, while raising the price target from $5.00 to $5.50. The company has projected a strong EBITDA forecast for 2015. "In November, ELNK amended its credit agreement that allows it to repurchase from its cash position up to $30 million of its 8.875% notes and/or its 7.375% notes, up until March 31, 2015; we expect this to occur given the cash balance," Moorman wrote. The EPS estimates for 2015 and 2016 have been reduced from $(0.53) to $(0.65) and from $(0.47) to $(0.63), respectively. Analyst John B. Rogers at DA Davidson maintained a Buy rating on
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Quanta Services, IncPWR
, with a price target of $35. The company reported flat Q4 results. "Near-term growth prospects for the company appear to be less optimistic than we had anticipated," Rogers added. The EPS estimates for 2015 and 2016 have been reduced from $2.25 to $2.01 and from $2.50 to $2.30, respectively. Analyst Steve Chercover at DA Davidson maintained a Buy rating on
Universal Forest Products, Inc UFPI
, while raising the price target to $66. "We expect continued earnings momentum going forwards," Chercover added. The EPS estimate for 2015 has been reduced from $3.74 to $3.65.
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