For Immediate Release
Chicago, IL – November 16, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include McDonald’s (NYSE:(MCD - Free Report) –Free Report),Bank of New York Mellon (NYSE:(BK - Free Report) –Free Report), 3M (NYSE:(MMM - Free Report) –Free Report),Constellation Brands (NYSE:(STZ - Free Report) –Free Report) and Viacom (NASDAQ:(VIAB - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Today: MCD, BK, MMM, STZ, VIAB
Today's Research Daily features new research reports on 16 major stocks, including McDonald’s (NYSE:(MCD - Free Report) – Free Report), Bank of New York Mellon (NYSE:(BK - Free Report) –Free Report) and 3M (NYSE:(MMM - Free Report) – Free Report).
Buy-ranked McDonald’s’ shares have struggled lately as a result of the tough operating environment for the restaurant space in general; the entire space has been struggling lately. However, the fast food giant reported encouraging third-quarter adjusted earnings on the back of strong comps growth.
The analyst likes the manner in which the company is trying to strengthen its position via various sales and digital initiatives like menu innovation and introduction of value meals. However, higher labor costs, along with currency headwinds, might hurt profits. (You canread the full research report on McDonald’s here .)
Bank of New York Mellon’ s shares have also struggled recently. The Buy ranked stock’s third-quarter earnings easily outpaced expectations. Rise in revenues, lower expenses and benefit from provisions were partially offset by a fall in financing-related fees.
The analyst likes the company’s dedicated global reach, which, accompanied by a diversified product mix and inorganic growth opportunities will improve profitability going forward. Further, cost-saving initiatives will help sustain earnings momentum. However, pressure on margins owing to the persistent low-rate environment is expected to continue in the near term. (You can read the full research report on Bank of New York Mellon here.)
3M ’s shares have increased by more than 15% year-to-date but have struggled over the last quarter. Weak revenue growth and intense competition are likely to peg back 3M’s profitability to some extent. 3M is facing increased pension expenses as its workforce begins to retire. Nevertheless, 3M managed to beat third-quarter earnings by a cent.
The analyst likes the company’s focused roadmap on its broad financial objectives for the next five years. 3M is continuing with its portfolio restructuring efforts by divesting non-core assets and making investments in other lucrative markets. 3M expects its restructuring efforts to yield $500–$700 million in annual operational savings by 2020. (You can read the full research report on 3M here.)
Other noteworthy reports we are featuring today include Constellation Brands (NYSE:(STZ - Free Report) –Free Report) and Viacom (NASDAQ:(VIAB - Free Report) – Free Report).
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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