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Range Resources Corporation (NYSE:RRC) price target has been increased by Brean Murray after announcements regarding firm contracts for the shipment of the company’s liquid natural gas from the wet gas portion of the Marcellus. The contracts allow for the separation of ethane and propane adding up to $5 in incremental value to the shares. Shares have a Buy rating.
Skechers USA Inc. (NYSE:SKX) price target has been reduced by Susquehanna due to slowing sales in Europe, accounting for 30 percent of revenues. Additionally, the firm minimized its gross margins and earnings estimates until Europe picks back up but stated that the company continues to progress following the fallout from its toning lawsuit. Shares have a Neutral rating.
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Tornier N.V. (NASDAQ:TRNX): BMO Capital thinks that the medtech sector’s recent outperformance has the ability to continue, and the firm has reported that medical equipment and supplies companies have the tendency to outperform during the 12 months after troughs in estimate revision ratios. The firm does not believe that medtech companies will see effects due to the election, and it believes that the sector will see benefits from cost reduction and consolidation.
Walgreen Co. (NYSE:WAG): Susquehanna has stated that the company’s fundamentals are positioned to show improvement to Q4 results due to the idea of an early flu season, its loyalty card launch, and the return of Express Scripts (NASDAQ:ESRX)customers. The firm gives the stock a Positive rating and a $50 price target.
Magna International, Inc. (NYSE:MGA): According to Canaccord, the possible loss of the BMW Mini assembly business will have a minimal effect on EPS, and it believes that valuation is attractive. The firm keeps its Buy rating and a $56 price target on the stock.
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