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Zacks Research Daily For June 13, 2016

Published 06/13/2016, 02:26 AM
Updated 07/09/2023, 06:31 AM
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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.

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

Original post

Zacks Investment Research

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