Equities Research Analysts’ Updated EPS Estimates for October, 30th (ADIL, ALXN, AXGN, CMI, CZWI, EAT, EGHT, ELVT, ERJ, ESTC)

Equities Research Analysts’ updated eps estimates for Tuesday, October 30th:

Maxim Group assumed coverage on shares of Adial Pharmaceuticals (NASDAQ:ADIL). The firm issued a buy rating and a $5.00 target price on the stock.

Alexion Pharmaceuticals (NASDAQ:ALXN) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. The firm currently has $134.00 target price on the stock. According to Zacks, “Alexion beat on earnings but marginally missed sales estimates in third-quarter 2018. Nevertheless, Alexion's blockbuster drug, Soliris continues to perform well. The FDA approval for the generalized myasthenia gravis indication has boosted sales significantly, leading to an increase in annual guidance. In the meantime, Strensiq and Kanuma — are doing well and will boost revenues. Alexion’s application for Ultomiris is under review in the United States, EU and Japan. The prospects of the candidate looks good, given the positive data from the switch study and in treatment-naïve patients. Shares have outperformed the industry so far in 2018. Alexion has been quite active on the acquisition front as the company is looking to diversify its portfolio and reduce dependence on Soliris. Alexion acquired Wilson Therapeutics and entered into an agreement to acquire Syntimmune. However, pricing is likely to impact sales.”



AxoGen (NASDAQ:AXGN) had its outperform rating reiterated by analysts at Leerink Swann. Leerink Swann currently has a $55.00 price target on the stock.

Cummins (NYSE:CMI) had its buy rating reiterated by analysts at Oppenheimer Holdings Inc..

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by analysts at Sandler O’Neill to a hold rating. They currently have $14.00 price target on the stock.

Brinker International (NYSE:EAT) had its buy rating reissued by analysts at Maxim Group. They currently have a $55.00 price target on the stock. The analysts wrote, “Brinker International (EAT) reported pro forma F1Q19 (September) pro forma EPS of $0.47, which beat the $0.45 Street mean, but were below our $0.48 estimate.””

Summit Insights assumed coverage on shares of 8X8 (NASDAQ:EGHT). Summit Insights issued a hold rating on the stock.

Elevate Credit (NYSE:ELVT) had its market perform rating reissued by analysts at JMP Securities.

Elevate Credit (NYSE:ELVT) had its market perform rating reaffirmed by analysts at William Blair.

Embraer (NYSE:ERJ) had its hold rating reiterated by analysts at Cowen Inc. They currently have a $28.00 target price on the stock.

Citigroup Inc initiated coverage on shares of Elastic (NYSE:ESTC). They issued a neutral rating on the stock.

Canaccord Genuity assumed coverage on shares of Elastic (NYSE:ESTC). They issued a hold rating on the stock.

Bank of America Corp began coverage on shares of Elastic (NYSE:ESTC). Bank of America Corp issued a buy rating on the stock.

Royal Bank of Canada assumed coverage on shares of Elastic (NYSE:ESTC). Royal Bank of Canada issued an outperform rating on the stock.

Ford Motor (NYSE:F) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “In third-quarter 2018, Ford’s adjusted earnings were in line with the Zacks Consensus Estimate while revenues surpassed estimates. Compared with the year-ago quarter, earnings per share witnessed a decline, while revenues observed growth. Increased sales of F-Series trucks and SUVs in North America drove its EBIT with nearly $2 billion. This encouraged Ford to offer various versions of crossovers, SUVs and pickup trucks across all the major markets. It has also been working on bringing autonomous vehicle technology to the marketby 2021. Further, to reduce costs the company has announced that it is restructuring its business over a period of three to five years. However, frequent vehicle recalls are adding to its expenses and tarnishing the brand name. Further, weakening sales in China and Europe, along with higher costs, are major concerns for the company. Over the past year, shares of Ford have underperformed the industry it belongs to.”

Fortune Brands Home & Security (NYSE:FBHS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Over the past three months, Fortune Brands’ shares have underperformed the industry. The company’s third-quarter 2018 adjusted earnings of 93 cents per share missed the Zacks Consensus Estimate by 11.4%. On the other hand, quarterly revenues missed the Zacks Consensus Estimate by 4%. The company noted that a slower summer market demand and adverse impact of Hurricane Florence dampened revenues and profitability in the reported quarter. Material price inflation and flaring up freight charges have been escalating Fortune Brands' aggregate costs, of late. The company perceives that inflationary pressure, integration costs associated with the Fiberon acquisition, impact of bond financing and inefficiencies existing within Security operations will weigh over its near-term profitability. Notably, the company lowered its earnings view for 2018 from $3.62-$3.72 per share to $3.41-$3.49 per share.”

Intevac (NASDAQ:IVAC) had its hold rating reaffirmed by analysts at Maxim Group. The analysts wrote, “Sept Q slightly ahead of guidance on HDD tool upgrade activity, some risk to Dec Q guidance cited. Vertex progress remains the big opportunity, but timing and shape of ramp remains highly uncertain, in our view. Maintaining Hold Rating.””

Jefferies Financial Group Inc assumed coverage on shares of Kalvista Pharmaceuticals (NASDAQ:KALV). The firm issued a buy rating and a $30.00 price target on the stock.

Reliant Bancorp (NASDAQ:RBNC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $26.00 price target on the stock. According to Zacks, “Reliant Bancorp Inc. is a commercial bank which offers deposit, lending and mortgage products and services to business and consumer customers. It operates primarily in Davidson, Robertson, Sumner, Williamson, Maury and Hickman counties. Reliant Bancorp Inc., formerly known as Commerce Union Bancshares Inc., is based in TN, United States. “

Resources Connection (NASDAQ:RECN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Resources Connection, Inc. is a multinational professional services firm that helps business leaders execute internal initiatives. The company provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. Partnering with business leaders, Resources Connection drives internal change across all parts of a global enterprise – accounting, finance, risk management and internal audit, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, healthcare solutions, and legal and regulatory services. “

Red Hat (NYSE:RHT) was downgraded by analysts at Citigroup Inc from a buy rating to a neutral rating.

Red Hat (NYSE:RHT) was downgraded by analysts at Nomura to a hold rating. The firm currently has $190.00 price target on the stock.

Jefferies Financial Group Inc started coverage on shares of Retrophin (NASDAQ:RTRX). They issued a buy rating on the stock.

Saratoga Investment (NYSE:SAR) was upgraded by analysts at LADENBURG THALM/SH SH from a neutral rating to a buy rating.

Scor (OTCMKTS:SCRYY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SCOR ADR is in the reinsurance business. “

SouthCrest Financial Group (OTCMKTS:SCSG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SouthCrest Financial Group, Inc., through its subsidiaries, provides commercial and community-banking products and services. It is the parent company of four bank subsidiaries, Bank of Upson, The First National Bank of Polk County, Peachtree and Bank of Chickamauga. It offers various deposit products, consumer loans to individuals; commercial loans to small and medium-sized businesses, and professional organizations; and secured real estate loans, including residential and commercial construction loans, and first and second mortgage loans for the acquisition and improvement of personal residences. In addition, it provides traveler’s checks; brokerage services for stocks, bonds, mutual funds, IRA’s, 529 plans, retirement plans, certificates of deposit, and insurance products; and estate analysis, consultation, and estate and agency accounts, as well as non-profit agency services. The company is headquartered in Fayetteville, Georgia. “

SoftBank Group (OTCMKTS:SFTBY) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “SOFTBANK CORP. is engaged in providing telecommunication services. The Company’s business segments include: Mobile Communication, Broadband Infrastructure, Fixed-line Communication, Internet Culture and Others. It provides mobile communication services and sells attached cellular phone terminals, high-speed Internet access services, Internet protocol (IP) phone services and contents, fixed communication service, Internet advertising business, operation of various electronic commerce sites, provision of membership services, distribution of software and peripheral devices for personal computers and the operation of Fukuoka SoftBank Hawks-related business. SOFTBANK CORP. is headquartered in Tokyo, Japan. “

Select Interior Concepts (NYSE:SIC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $11.00 target price on the stock. According to Zacks, “Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States. “

Summit Financial Group (NASDAQ:SMMF) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Summit Financial Group operates thirteen banking locations through its three wholly owned subsidiary banks, Summit Community Bank headquartered in Moorefield, West Virginia, Capital State Bank, Inc. headquartered in Charleston, West Virginia, and Shenandoah Valley National Bank in Winchester, Virginia. Summit also operates Summit Financial, LLC, a residential mortgage loan originator located in Herndon, Virginia. “

SenesTech (NASDAQ:SNES) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “SenesTech, Inc. developed technology for managing animal pest populations through fertility control as opposed to a lethal approach. The Company’s fertility control product candidate, ContraPest(R), will be marketed for use initially in controlling rat infestations. SenesTech, Inc. is based in Flagstaff, Arizona. “

SUMITOMO Chem C/ADR (OTCMKTS:SOMMY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $27.00 target price on the stock. According to Zacks, “Sumitomo Chemical Co., Ltd. engages in the manufacture and sale of chemicals. Its operating segments consists of Basic Chemicals, Petrochemicals and Plastics, Information Technology related Chemicals, Health and Crop Sciences, Pharmaceuticals and Others. Basic Chemicals segment produces organic and inorganic chemicals, synthetic fiber raw materials, methyl methacrylate products, alumina products, additives and dyestuffs. Petrochemicals and Plastics segment consists of synthetic resin, rubber and other resin processed products. IT-Related Chemicals segment sells optical products, color filters, semiconductor processing materials, compound semiconductor materials and battery components. Health and Crop Sciences segment distributes fertilizers, pesticides, insecticides, tropical infectious disease control materials and feed additives. Pharmaceuticals segment develops and sells ethical pharmaceuticals, radiopharmaceutical and radiation therapy equipment. Others segment provides supply of electrical power and stea “

Sonos (NASDAQ:SONO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $14.00 target price on the stock. According to Zacks, “Sonos, Inc. designs, develops and produces audio products. It offers charging cradles, music players, alternating current adapters, controllers, wireless speakers and loudspeakers. The company offers its products through third-party retail stores and e-commerce retailers, as well as through its sonos.com website. Sonos, Inc. is headquartered in Santa Barbara, California. “

Spotify (NASDAQ:SPOT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $164.00 price target on the stock. According to Zacks, “Spotify Technology S.A. provides music streaming services. The Company offers commercial free music and ad-supported services to subscribers. Spotify Technology S.A. is based in Sweden. “

Simpson Manufacturing (NYSE:SSD) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Simpson Manufacturing Company Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products and software solutions, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. “

Tower Semiconductor (NASDAQ:TSEM) had its buy rating reiterated by analysts at Craig Hallum. The firm currently has a $21.00 target price on the stock, down from their previous target price of $29.00.

Tower Semiconductor (NASDAQ:TSEM) had its buy rating reissued by analysts at Needham & Company LLC. The firm currently has a $20.00 price target on the stock. The analysts wrote, “We clearly underestimated the impact to TSEM of the general slowdown in China affecting 4Q, but equally importantly, the adverse impact to revenue due to supply shortages at specific customers. This year has been one of bad timing – a mismatch of supply/demand – combined with a market slowdown. Despite the numerous hiccups, we believe the company is now in position to fully ramp its high margin SiGe products, benefit from several product ramps on 300m and continue its win-win” arrangement with Panasonic.””

Xylem (NYSE:XYL) had its buy rating reaffirmed by analysts at Oppenheimer Holdings Inc..

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