Analysts’ Updated EPS Estimates for February, 11th (ACA, ASYS, AVAP, BEZ, BSE, CTC.A, ECM, EPM, HLMA, MTNB)

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Analysts’ updated eps estimates for Monday, February 11th:

Acacia Mining (LON:ACA) had its not rated rating reissued by analysts at Shore Capital.

Amtech Systems (NASDAQ:ASYS) had its neutral rating reaffirmed by analysts at Roth Capital. They currently have a $5.50 target price on the stock.

Avation (LON:AVAP) had its buy rating reissued by analysts at Canaccord Genuity. Canaccord Genuity currently has a GBX 335 ($4.38) target price on the stock.

Beazley (LON:BEZ) had its buy rating reissued by analysts at Canaccord Genuity. Canaccord Genuity currently has a GBX 610 ($7.97) price target on the stock.

Base Resources (LON:BSE) had its buy rating reaffirmed by analysts at Berenberg Bank. They currently have a GBX 23 ($0.30) price target on the stock.

Canadian Tire (TSE:CTC.A) was downgraded by analysts at Barclays PLC from an overweight rating to an equal weight rating. The firm currently has C$166.00 target price on the stock, down from their previous target price of C$193.00.

Electrocomponents (LON:ECM) had its buy rating reissued by analysts at Berenberg Bank. They currently have a GBX 650 ($8.49) price target on the stock.

Evolution Petroleum (NYSEAMERICAN:EPM) was upgraded by analysts at Roth Capital from a neutral rating to a buy rating.

Halma (LON:HLMA) had its hold rating reaffirmed by analysts at Numis Securities Ltd. Numis Securities Ltd currently has a GBX 1,400 ($18.29) target price on the stock.

Roth Capital assumed coverage on shares of Matinas BioPharma (NYSEAMERICAN:MTNB). They issued a buy rating on the stock.

Rosslyn Data Technologies (LON:RDT) had its not rated rating reissued by analysts at Shore Capital.

Solo Oil (LON:SOLO) had its house stock rating reiterated by analysts at Shore Capital.

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “On account of several headwinds, the investment thesis on Suncor has been downgraded to ‘Strong Sell’. With crude prices taking a beating and Canadian oil differential widening, Suncor delivered a dull show in the last quarter.  As it is, pipeline construction in Canada has failed to keep pace with the rising domestic oil, forcing the company to sell their products at a discounted rate. Moreover, Suncor’s major focus is on the production of crude from the Alberta oil sands. This is a high-risk strategy considering the extra costs associated with the extraction of oil from the oil sands compared to production from conventional oil wells. Amid the uncertain oil prices, the company has decided to hike its 2019 spending program which may hurt its cash flows. As such the stock is viewed as a risky bet.  “

Solium Capital (TSE:SUM) was downgraded by analysts at Laurentian from a buy rating to a tender rating. They currently have C$19.15 target price on the stock, up from their previous target price of C$14.00.

Theravance Biopharma (NASDAQ:TBPH) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Theravance received a huge boost when the FDA approved Yupelri, the first once daily nebulized LAMA option for COPD, in November. The company plans to launch the drug by 2018 end. Meanwhile, the agreement to divest its only marketed drug, Vibativ, will enable Theravance to focus solely on the launch efforts of Yupelri. Moreover, its pipeline programs target highly competitive therapeutic areas. The company's collaboration agreements are a consistent source of funds. However, any agreement termination might be a huge setback for the company as was the case in the past. Shares of the company have outperformed the industry in 2018. Estimates looks stable ahead of the Q4 earnings release. Theravance has a positive record of earnings surprises in recent quarters.”

Telford Homes (LON:TEF) had its house stock rating reissued by analysts at Shore Capital.

Triumph Group (NYSE:TGI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Triumph Group ended the third quarter of fiscal 2019 on a mixed note. While its earnings surpassed the Zacks Consensus Estimate, revenues failed to meet the consensus mark. The company’s focus on improving its organic growth has been reasonably strong, based on the addition of products and services as well as expansion of operating capacity. It is conducting vigorous divestiture of its non-core operations to help strengthen the company’s balance sheet. The company’s shares outperformed its industry in past one month. However, a large portion of Triumph Group’s aftermarket sales comes from third-party repair and overhaul, thus exposing it to tough competition from OEMs. Moreover, volatile energy and commodity prices can put pressure on the company’s margins. With the current U.S. economy being in favor of expanding interest rate, the credit market may not turn out to be much favorable for Triumph Group.”

TJX Companies (NYSE:TJX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “TJX Companies has outperformed the industry in a year, courtesy of its impressive comps record. Comps have been gaining from continued rise in consumer traffic and strong merchandising policies. These factors along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its store and online performance. This was visible in the company’s third-quarter fiscal 2019 results, wherein the top and bottom lines grew year over year and beat estimates, and customer traffic rose for the 17th straight time. The company began the fourth quarter on a strong note, which along with its constant sales-driving efforts, solid holiday season prospects and expected market share gains led to a raised view. However, the company has long been witnessing high wage costs, which along with elevated freight costs are expected to hurt margins in fiscal 2019. Also, currency woes pose threats.”

Tyson Foods (NYSE:TSN) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Tyson Foods is gaining from rising demand for protein packed offerings. In fact, during the first quarter of fiscal 2019, the Chicken and Beef categories continued to perform well. Moreover, the company expects net sales in fiscal 2019 to reach $43 million, primarily backed by growth in the Chicken unit. Additionally, the company is gaining from acquisitions. It recently announced a deal to acquire Thai and European operations of BRF S.A. The company also expects to gain from the buyout of Keystone. However, the stock has declined in the past three months and is witnessing lower sales volumes in the Pork and Prepared Foods categories. While the Pork category has been negatively impacted by adverse demand-supply conditions, the Prepared Foods segment was hurt by divestitures. Further, the company is experiencing input cost pressures. Also, it is exposed to volatility in prices and supply of livestock.”

UP Global Sourcing (LON:UPGS) had its house stock rating reissued by analysts at Shore Capital.

Valmont Industries (NYSE:VMI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Earnings estimates for Valmont for the fourth quarter have been stable lately. Valmont is looking to improve productivity and its overall cost structure through restructuring actions. It also remains focused on pursuing acquisitions and expand capacity to boost growth. The company has also outperformed the industry over the past three months. However, Valmont faces certain challenges in its irrigation business. Uncertainties surrounding the potential impacts of tariffs and trade policies along with low net farm income levels continue to cloud the outlook. The company's utility business also faces headwinds from a challenging wind market environment in Northern Europe and unfavorable product mix in North America.”

Verisign (NASDAQ:VRSN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “VeriSign reported solid fourth-quarter 2018 results. Both revenues and earnings increased on a year-over-year basis. Revenue growth was driven by growth in .com and .net domain name registrations. Notably, per the recently amended cooperative agreement between the company and the U.S. Commerce Department, VeriSign has the flexibility to pursue with ICANN an up to 7% increase in prices for .com domain names in each of the last four years of each six-year period of the registry agreement. Moreover, the divestiture of customer contracts of its Security Services business to NeuStar will help VeriSign to focus on core operations. Shares have outperformed the industry in the past year.”

Weir Group (LON:WEIR) had its hold rating reissued by analysts at Numis Securities Ltd. Numis Securities Ltd currently has a GBX 1,450 ($18.95) price target on the stock.

Zayo Group (NYSE:ZAYO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $29.00 target price on the stock. According to Zacks, “Zayo’s extensive network footprint, diversified product portfolio and ability to penetrate in different markets are laudable. The company continues to extend global reach by expanding its fiber footprint and forging strategic partnerships with local providers. Zayo remains bullish about additional E-Rate opportunities in the upcoming quarters and is well poised to benefit from the growing need for cloud adoption and high-performance bandwidth throughout the world. The company has announced plans to separate into two publicly traded companies to better focus on its businesses. The stock has outperformed the industry on average in the past year. However, Zayo reported lackluster second-quarter fiscal 2019 results, wherein both the top line and bottom line missed the respective Zacks Consensus Estimate. In addition, rising cost of goods sold has remained a major concern for Zayo, which may continue to hurt its margins.”

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