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Top Stock Reports for Raytheon, Simon Property Group & Anthem

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Thursday, September 14, 2017

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Raytheon , Simon Property Group (SPG - Free Report) , and Anthem . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Buy-rated Raytheon shares have risen around +28.4% year-to-date, outperforming the Zacks Defense Equipment industry, which has increased +22.9% over the same period. The Zacks analyst thinks Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus.

Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately.

Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon.

(You can read the full research report on Raytheon here >>>).

Shares of Simon Property Group have been under pressure recently and have underperformed the Zacks Retail REIT industry in the year-to-date period (-6.6% vs. -2.3%). Simon Property recently announced that Flying Tiger Copenhagen — the Danish brand — will open outlets in four of its shopping centers. The company also sued Starbucks refraining it from closing 78 of its Teavana stores in Simon’s malls.

The Zacks analyst likes Simon’s efforts to support omni-channel retailing as well as its portfolio-restructuring initiatives and healthy balance sheet. However, mall traffic has been facing challenges due to a shift in shopping patterns, with online shopping taking precedence over in-store purchase.

Though the company is making efforts to counter the pressure through various initiatives, implementation of such measures is anticipated to limit any robust growth in its profit margin in the near term. Also, the Fed’s rate hike has added to its woes.

(You can read the full research report on Simon Property Group here >>>).

Buy-rated Anthem’s shares have gained +54.7% over the last one year, outperforming the Zacks Health Maintenance Organization industry’s increase of +47.6%. The Zacks analyst likes the company’s diverse product portfolio, which has helped in improving underwriting results.

Anthem’s strategic acquisitions, divestitures and ACO arrangements further pave the way for long-term growth. Its rising level of medical membership continues to boost its top line. The company’s strong capital position backs effective capital deployment. Its frequent share buyback programs and regular dividend payments primarily aim at enhancing shareholders’ value.

The company has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 60 days. Followed by strong results in first half of 2017, the company has raised the earnings and revenue guidance for 2017.

(You can read the full research report on Anthem here >>>).

Other noteworthy reports we are featuring today include Public Service Enterprise (PEG - Free Report) , Adobe (ADBE - Free Report) and Travelers (TRV - Free Report) .

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Mark Vickery

Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

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