-
Blackhawk Gets Its Wings Clipped: Bank Of America Downgrades To Neutral, But Stock Flies Higher
Friday, October 7, 2016 - 2:08pm | 365Bank of America Merrill Lynch has downgraded shares of Blackhawk Network Holdings Inc (NASDAQ: HAWK) from Buy to a Neutral rating on concerns over EMV conversions, which are taking longer than predicted. The firm thinks that it could impact the earnings both in the current year and next year....
-
DeVry Shares Downgraded To Underperform At BofA
Wednesday, April 20, 2016 - 9:25am | 257For Fall 2015, US educational institutes recorded a 1.7 percent y/y decline in enrolment across all higher education courses. BofA Merrill Lynch’s Sara Gubins attributed the decline to weak demand across higher education, a mature online market and increased competition. Analyst Sara...
-
Apollo Education Downgraded By Bank Of America Amid 'Continued Uncertainty'
Tuesday, June 30, 2015 - 10:08am | 253In a report published Tuesday, Bank of America Merrill Lynch analyst Sara Gubins downgraded the rating on Apollo Education Group Inc (NASDAQ: APOL) from Neutral to Underperform, while lowering the price target from $20 to $14. Uncertainties continue with the company in for another year of...
-
UPDATE: Bank Of America Reiterates On ITT Educational Services Following 2Q14 10-Q Filing
Thursday, November 20, 2014 - 9:09am | 126In a report published Thursday, Bank of America analyst Sara Gubins reiterated an Underperform rating on ITT Educational Services (NYSE: ESI), but lowered the price target from $8.00 to $7.00. In the report, Bank of America noted, “After the close, ESI filed its delayed 2Q14 10-Q. 2Q GAAP EPS of $0...
-
UPDATE: Bank Of America Reiterates On ManpowerGroup On Lowered Forecasts
Wednesday, October 22, 2014 - 9:56am | 125In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Buy rating on ManpowerGroup Inc. (NYSE: MAN), but lowered the price target from $82.00 to $80.00. In the report, Bank of America noted, “With MAN shares down 27% YTD, we believe the question is whether European trends...
-
UPDATE: Bank Of America Reiterates On Robert Half International On Continued Broad-Based Strength In Q3
Wednesday, October 22, 2014 - 9:22am | 98In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Buy rating on Robert Half International (NYSE: RHI), and raised the price target from $56.00 to $58.00. In the report, Bank of America noted, “We base our Buy rating on RHI shares on solid demand for professional...
-
UPDATE: Bank Of America Reiterates On ITT Educational Services As Shares Surge But Risks Remain
Monday, October 20, 2014 - 8:58am | 143In a report published Monday, Bank of America analyst Sara Gubins reiterated an Underperform rating on ITT Educational Services, Inc. (NYSE: ESI), and raised the price target from $7.00 to $8.00. In the report, Bank of America noted, “ESI shares rallied 131% over the past two trading days as...
-
UPDATE: Bank of America Raises PT on Blackhawk Network Holdings Inc on Uncertainty Ahead of Holiday Season
Thursday, October 9, 2014 - 8:59am | 157In a report published Thursday, Bank of America analyst Sara Gubins reiterated a Neutral rating on Blackhawk Network Holdings (NASDAQ: HAWK), and raised the price target from $32.00 to $38.00. In the report, Bank of America noted, “Ex $2.1mn pre-tax benefit for early contract amendments, 3Q14 adj....
-
Bank Of America Sees Accenture PLC Growing With Newer Offerings
Wednesday, October 8, 2014 - 8:22am | 135In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Neutral rating and $85.00 price target on Accenture PLC (NYSE: ACN). In the report, Bank of America noted, “ACN's investor day was well attended, and management's tone was upbeat.Management sees pricing as stable-to-...
-
UPDATE: Bank Of America Reiterates On Cintas Corporation As Improving Trends Are Reflected In Shares
Tuesday, September 30, 2014 - 8:11am | 118In a report published Tuesday, Bank of America analyst Sara Gubins reiterated an Underperform rating on Cintas Corporation (NASDAQ: CTAS), and raised the price target from $59.00 to $60.00. In the report, Bank of America noted, “1QF15 (Aug) EPS of $0.93 (includes a $0.04 incremental shredding...
-
UPDATE: Bank Of America Reiterates On Paychex, Inc. On Multiple Positive Factors
Thursday, September 25, 2014 - 8:06am | 109In a report published Thursday, Bank of America analyst Sara Gubins reiterated a Neutral rating on Paychex, Inc. (NASDAQ: PAYX), and raised the price target from $44.00 to $45.00. In the report, Bank of America noted, “1Q EPS of $0.47 was $0.01 above our estimate and consensus, largely due to a...
-
Bank Of America Sees Good Things From CoStar Group Inc Investor Meetings
Tuesday, September 23, 2014 - 11:15am | 138In a report published Tuesday, Bank of America analyst Sara Gubins reiterated a Buy rating and $195.00 price target on CoStar Group Inc (NASDAQ: CSGP). In the report, Bank of America noted, “We hosted investor meetings with CoStar's CFO Brian Radecki and IR Rich Simonelli. We remain comfortable...
-
Bank Of America Sees Trends Remain Mixed For The Western Union Company
Monday, September 8, 2014 - 9:57am | 135In a report published Monday, Bank of America analyst Sara Gubins reiterated a Neutral rating and $18.00 price target on The Western Union Company (NYSE: WU). In the report, Bank of America noted, “We hosted meetings with CEO Hikmet Ersek & CFO Raj Agrawal. Key takeaways: 1.) money transfer...
-
Bank Of America Sees 4Q Beat And Exchange Trends Boost Shares For Towers Watson & Co.
Wednesday, August 13, 2014 - 10:38am | 104In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Buy rating and $137.00 price target on Towers Watson & Co. (NYSE: TW). In the report, Bank of America noted, “We forecast mid-single-digit revenue growth over the medium-term along with 30-40bp of margin expansion...
-
UPDATE: Bank Of America Downgrades ITT Educational Services Amid Growing Uncertainty
Tuesday, August 5, 2014 - 8:12am | 163In a note released Tuesday morning, Bank of America analyst Sara Gubins downgraded shares of ITT Educational Services (NYSE: ESI) from Neutral to Underperform and lowered the price target from $16 to $7. The downgrade comes after the company announced CEO Kevin Modany will be resigning,...