Mar 31, 2016

Posted by in Stock Reports | 0 Comments

Analysts are Initiating Coverage on 3 Stocks:Atmos Energy Corporation (NYSE:ATO), Paypal Holdings Inc (NASDAQ:PYPL), Medivation Inc (NASDAQ:MDVN)

Analysts are Initiating Coverage on 3 Stocks:Atmos Energy Corporation (NYSE:ATO), Paypal Holdings Inc (NASDAQ:PYPL), Medivation Inc (NASDAQ:MDVN)

Wall Street analysts’ recommendations can move markets. Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time. Analysts also issue projected price targets of where they believe the stock price is going to be 12 months down the road.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

BB&T Capital Mkts announced it was initiating coverage of Atmos Energy Corporation (NYSE:ATO) in a research note on Wednesday. The analysts assigned a Buy rating to the stock. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. 4 maintain strong buy rating, 0 set the stock as buy, 0 give underperform rating and 1 suggests selling.

Bernstein analysts issued their verdict on Paypal Holdings Inc (NASDAQ:PYPL) recently. The rating firm gave anMkt Performrating to this stock in a research note on Wednesday. The stock has a consensus Buy rating, according to Zacks Investment Research. Two analyst has rated the stock with a sell rating, 8 have assigned a hold rating, 2 says it’s a buy, and 8 have assigned a strong buy rating to the company.

In a research note on Wednesday, analysts at Goldman assigned a Neutral rating to Medivation Inc (NASDAQ:MDVN). It has earned a consensus Strong Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 4 have assigned a hold rating, 0 says it’s a buy and 9 have assigned a strong buy rating to the company.

 

 

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