New York & Co. REPORTS Booming Q2 and 4 Fresh Stock Analyses
McDonald’s Corp. (NYSE:MCD) estimates were reduced by Bernstein because of decreased comp forecasts in Europe. Shares have an Outperform rating.
New York & Company Inc. (NYSE:NWY) estimates were increased due to the company’s Q2 results surpassing expectations. The firm noted better margins, continued store base optimization, and consistent focus on management. Shares have a Buy rating and a $4.50 price target.
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Darden Restaurants, Inc.’s (NYSE:DRI) acquisition of Yard House is bullish for its shares, says Cowen, adding that the concept is one of the best positioned polished-casual-dining chains. The firm noted Darden’s potential for unit growth and future earnings accretion. Shares have an Outperform rating.
Agrium Inc. (NYSE:AGU): According to BMO Capital’s expectations, the U.S. drought will keep allowing fertilizer stocks to continue their rally. The firm expects continued outperformance for Agrium and that CF Industries (NYSE:CF) will also perform well, but the firm states that the latter should face headwinds. The firm suggests Potash (NYSE:POT) for investors focused on value. The firm keeps an Outperform rating on all three companies.
Charles Schwab Corp. (NYSE:SCHW) earnings estimates have been decreased by BGB Securities due to continuing margin pressure from the rate environment as well as retail investor apprehension. The firm maintains a Sell rating but lowers its price target to $10.25 from $11 on the stock.
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