Monday, June 13, 2016
Welcome to the inaugural issue of Zacks Research Daily where we showcase our analyst team's notable research reports published that day. The full list of each day's research reports can be found here.
Today's must-read reports are for Intel (NASDAQ:INTC) (INTC), Bank of America (NYSE:BAC) (BAC) and T.Rowe Price (TROW). While T. Rowe Price has been weighed down by the Dell buyout, Bank of America is busy combating yield and oil troubles. Meanwhile, Intel is hoping for its data center business to offset continued tepid outlook for its core business. We also have reports about Fitbit (FIT), Juniper (JNPR) and many other major stocks today.
Today's Must Read
Featured Reports
Xerox (NYSE:XRX) Looking for Strategic Growth
The analyst highlights the separation of Xerox's BPO business from its Document Technology and DO businesses.
Fitbit (FIT) Has High Hopes from new Launch
The analyst is bullish on the launch, which brings together several Fitbit offerings
NVIDIA (NASDAQ:NVDA) Beats, Guides Well
The analyst underlines NVIDIA's better-than-expected results and encouraging guidance
Boston Scientific's (NYSE:BSX) Global Restructuring Plan Raises Hope
The Zacks analyst thinks that the plan targets the company's margin leverage goals and seeks to achieve above-market EPS growth.
Product innovation to Drive Skyworks (SWKS) Growth
The covering analyst stresses Skyworks' efforts to introduce new products to fend off competition and remain ahead of technological advancements
Cognizant (CTSH) to Ride Analytics Demand Wave
Cognizant has been gaining significant momentum from its analytics offerings.
New Upgrades
National Oilwell (NOV) May Gain From Oil Rebound
The covering analyst believes that since oil remains below a breakeven price, activity levels and orders remain tepid.
Risks Persist though Juniper (JNPR) to Gain From New Initiatives
Sluggish tech spending may hinder benefits from product launches, cost reduction initiatives and improving execution, according to the Zacks analyst.
People's United (PBCT) Reflects Growth Despite Higher Provisions
The covering analyst believes Peoples United (PBCT) growth story has been aided by strong loans and deposit balances, strategic acquisitions and improved credit quality.
New Downgrades
Corporate battle Heightens Viacom (VIAB) Investors' Fears
The Zacks analyst has highlighted that Viacom's Paramount picture division has been struggling for quite some time.
Dismal Sales Trends at Gap (GPS)
In additional to ongoing apparel woes at other retailers, Gap is also dealing with currency issues.
T ROWE PRICE (TROW): Free Stock Analysis Report
JUNIPER NETWRKS (JNPR): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
FITBIT INC (FIT): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
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