Equities Research Analysts’ Updated EPS Estimates for July, 19th (ACCO, AHH, AMT, AMWD, APC, BLT, CCI, CTRP, HES, HZD)

Equities Research Analysts’ updated eps estimates for Wednesday, July 19th:

ACCO Brands (NYSE:ACCO) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “

Armada Hoffler Properties (NYSE:AHH) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Armada Hoffler Properties, Inc. is a real estate investment trust. It is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the United States. Its properties are situated in Virginia and North Carolina. Armada Hoffler Properties, Inc. is based in Virginia Beach, United States. “

American Tower Corporation (REIT) (NYSE:AMT) had its buy rating reiterated by analysts at Cowen and Company. They currently have a $155.00 price target on the stock.

American Woodmark Corporation (NASDAQ:AMWD) was downgraded by analysts at Zelman & Associates from a buy rating to a hold rating.

Anadarko Petroleum Corporation (NYSE:APC) had its buy rating reiterated by analysts at Cowen and Company. The firm currently has a $60.00 target price on the stock.

BHP Billiton plc (LON:BLT) had its not rated rating reissued by analysts at Shore Capital.

Crown Castle International Corporation (NYSE:CCI) had its buy rating reissued by analysts at Macquarie. They currently have a $107.00 price target on the stock. The analysts wrote, “We remain constructive on Crown’s long-term position to capitalize on the growth of small cells and a fiber footprint that will span 60k+ miles. Upcoming network investments and a focus on densification bode well for Crown, particularly with buildouts slated for ‘18/’19. However, much of the growth will be long-tailed and fiber portfolios carry different profiles. In addition, leverage of 5.9x is above its 4-5x target leaving little room for financial flexibility. Our target goes slightly lower to US$107 based on 20x ‘18E AFFO/sh to reflect revised Wilcon estimates now in guidance. Impact The US$7.1bn Lightower deal doubles Crown’s fiber footprint in top metro markets. With 32k+ miles of fiber in top cities including Boston, NYC, and Philadelphia as well as minimal overlap with Crown’s current footprint, the combined company will own/have rights to 60k+ miles of fiber. Crown’s fiber footprint will cover the top 10 markets and 23 out of the top 25 metro markets. This all-cash deal values Lightower at 13.5x adj. EBITDA (vs. Sunesys at ~16x and CCI currently trading at ~20x) and should close by year-end ’17. Within its first full year of operation, Lightower is projected to contribute: 1) US$850- 870m in site rental revenues; 2) US$163-213m in net income; 3) US$510-530m in adj. EBITDA; and 4) US$465-485m in AFFO before financing costs. Management also expects to increase the dividend by US$0.15-0.20/sh p.a; our US$107 target implies a ~4% yield with the proposed increase. The long-term dividend growth target is now 7-8% from 6-7% previously.””

Ctrip.com International (NASDAQ:CTRP) had its buy rating reissued by analysts at Cowen and Company. They currently have a $60.00 price target on the stock.

Hess Corporation (NYSE:HES) had its hold rating reiterated by analysts at Cowen and Company. Cowen and Company currently has a $50.00 target price on the stock.

Horizon Discovery Group PLC (LON:HZD) had its not rated rating reiterated by analysts at Shore Capital.

K2M Group Holdings (NASDAQ:KTWO) had its buy rating reiterated by analysts at Cowen and Company. The firm currently has a $26.00 price target on the stock.

LegacyTexas Financial Group (NASDAQ:LTXB) had its hold rating reiterated by analysts at Stephens. They currently have a $42.00 price target on the stock.

ArcelorMittal (NYSE:MT) had its buy rating reissued by analysts at Cowen and Company. Cowen and Company currently has a $32.00 price target on the stock.

Murphy Oil Corporation (NYSE:MUR) had its hold rating reiterated by analysts at Cowen and Company. They currently have a $30.00 price target on the stock.

Nike (NYSE:NKE) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

Oasis Petroleum (NYSE:OAS) had its buy rating reaffirmed by analysts at Cowen and Company. Cowen and Company currently has a $10.00 target price on the stock.

Occidental Petroleum Corporation (NYSE:OXY) had its buy rating reiterated by analysts at Cowen and Company. Cowen and Company currently has a $75.00 price target on the stock.

Pioneer Natural Resources (NYSE:PXD) had its buy rating reissued by analysts at Cowen and Company. Cowen and Company currently has a $210.00 price target on the stock.

QEP Resources (NYSE:QEP) had its buy rating reaffirmed by analysts at Cowen and Company. The firm currently has a $12.00 target price on the stock.

Rice Energy (NYSE:RICE) had its buy rating reissued by analysts at Cowen and Company. Cowen and Company currently has a $30.00 price target on the stock.

Sprint Corporation (NYSE:S) had its hold rating reiterated by analysts at Cowen and Company. They currently have a $6.50 price target on the stock.

Signature Bank (NASDAQ:SBNY) had its buy rating reaffirmed by analysts at Maxim Group. The firm currently has a $175.00 target price on the stock.

Southern Copper Corporation (NYSE:SCCO) had its hold rating reiterated by analysts at Cowen and Company. The firm currently has a $39.00 price target on the stock.

Shanta Gold Limited (LON:SHG) had its not rated rating reissued by analysts at Shore Capital.

UBS AG assumed coverage on shares of Solaris Oilfield Infrastructure (NYSE:SOI). UBS AG issued an outperform rating on the stock.

Stratasys (NASDAQ:SSYS) had its buy rating reiterated by analysts at FBR & Co.

Steel Dynamics (NASDAQ:STLD) had its buy rating reissued by analysts at Cowen and Company. They currently have a $42.00 price target on the stock.

Southwestern Energy (NYSE:SWN) had its buy rating reaffirmed by analysts at Cowen and Company. Cowen and Company currently has a $9.00 price target on the stock.

Tlou Energy Limited (LON:TLOU) had its house stock rating reiterated by analysts at Shore Capital.

Loop Capital began coverage on shares of Tile Shop Hldgs (NASDAQ:TTS). Loop Capital issued a hold rating on the stock.

United Parcel Service (NYSE:UPS) had its hold rating reiterated by analysts at Cowen and Company.

Verizon Communications (NYSE:VZ) had its hold rating reissued by analysts at Cowen and Company. The firm currently has a $49.00 price target on the stock.

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