Today's Must Read
Blackstone (BX) Beats on Q2 Earnings, Cost Concerns Linger
Target's (TGT) Strategic Efforts Bode Well for the Long Run
Tuesday, July 26, 2016
Today's Research Daily write-up features 16 research reports issued by our team of analysts this morning, including reports on Target (TGT), Netflix (NFLX), Blackstone (BX) and Johnson Controls (JCI).
Johnson Controls is getting closer to completing its 'inversion' deal with Tyco, following which it will relocate to Ireland. The market clearly likes the deal - the stock is up more than 16% year-to-date. But the gains aren't soley a response to the Tyco deal, the company has a stable and improving earnings picture as reflected in the latest quaterly report, where it beat on the bottom line, but modestly missed on revenues. The analyst likes this Buy-rated stock for its market expansion and acquisitions opportunties that is making transforming this company into a leading global multi-industrial player. (You can read the full research report on JCI here.)
Target shares have lagged the peers lately, largely reflecting concerns about the impact of stiff competitive environment on its margins. But the analyst likes the retailer's initiatives, including the development of omni-channel capacities, diversification and localization of assortments along with emphasis on smaller format stores. The analyst discusses the pros & cons of investing in Target shares at present in the updated reseach report issued today. (You can read the full research report on TGT here.)
Blackstone, the alternative asseet management giant, came out with better than expected Q2 results, with lower operating expenses and a rise in total investment income were partly offset by lower performance fees. The analyst likes the Blackstone’s diversified product offerings and revenue mix. Further, the company’s fund raising ability amid a challenging operating environment remains robust. (You can read the full research report on BX here.)
Other noteworthy reports we are featuring today include Moody’s Corp (MCO), Netflix (NFLX) and Honda (HMC).
- Moody’s Corp’s (MCO) Q2 Earnings Impress
- Netflix (NFLX), 20th Century Fox Ink SVOD Deal
- Crown Castle (CCI) Up to Zacks Rank # 1 (Strong Buy)
- Honda (HMC) Down to Zacks Rank # 5 (Strong Sell)
You can find all of today's stock research reports here.
Director of Research
Note: Sheraz Mian regularly provides earnings analysis on Zacks.com and appears frequently in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview. He also provides weekly commentary to Zacks Premium subscribers and manages the Zacks Focus List and Top 10 portfolios. If you want an email notification each time Sheraz publishes a new article, please click here.