Equity Insights June 6th: Mobile Mini, Grand Canyon Education, JPMorgan, Goldman Sachs
Mobile Mini, Inc. (NASDAQ:MINI): After meeting with Mobile Mini’s CFO, Oppenheimer expects the company’s revenue and EBITDA to increase through the end of the year.
Grand Canyon Education, Inc. (NASDAQ:LOPE): William Blair believes Grand Canyon is the front-runner to receive a campus free of charge in Northfield, Massachusetts, as the family in charge would prefer an educational institution. The firm thinks Grand Canyon could begin enrolling students by 2013 if it’s chosen and says the stock remains one of its favorite picks for 2012.
JPMorgan Chase & Co. (NYSE:JPM): Barclays lowered JPMorgan estimates to reflect the weaker than expected capital market environment, reduced share repurchases, and CIO profitability. Shares are Overweight rated.
Oxford Industries Inc. (NYSE:OXM): Brean Murray raised its price target following Q1 results citing strong performances from its leading brands Tommy Bahama and Lilly Pulitzer. The firm raised its estimates on increased guidance, strong sales and improved margins. Shares are Buy rated.
The Goldman Sachs Group, Inc. (NYSE:GS): Wells Fargo sharply reduced its Q2 EPS estimates for several large banks, and the firm also significantly lowered its 2012 and 2013 EPS estimates for these banks. Wells lowered its estimates as it believes that deteriorating market trends have likely depressed trading revenue. The firm reduced its Q2 EPS estimate for Goldman Sachs (NYSE:GS) by 68% to 82c, for Morgan Stanley (NYSE:MS) by 40% to 30c, for Bank of America (NYSE:BAC) by 24% to (18c), and for Citigroup (NYSE:C) by 14% to 81c. The firm maintains an Outperform rating on Citigroup and Market Perform rating on the other stocks mentioned.
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