Mar 2, 2016

Posted by in Stock Reports | 0 Comments

Analysts Give Thumbs Up To 3 Stocks: Signet Jewelers Ltd (NYSE:SIG), Koninklijke Philips NV (NYSE:PHG), Helmerich & Payne Inc (NYSE:HP)

Analysts Give Thumbs Up To 3 Stocks: Signet Jewelers Ltd (NYSE:SIG), Koninklijke Philips NV (NYSE:PHG), Helmerich & Payne Inc (NYSE:HP)

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.

CL King upgraded Signet Jewelers Ltd (NYSE:SIG) to Buy from Neutral on Tuesday. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, Zero says it’s a buy, and 9 have assigned a strong buy rating to the company.

In a note to investors, HSBC Securities upgraded Koninklijke Philips NV (NYSE:PHG) to Buy from Hold. It has earned a consensus Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, Zero has assigned a hold rating, Zero says it’s a buy and 2 have assigned a strong buy rating to the company.

According to a research note released on Tuesday, RBC Capital Mkts has upgraded Helmerich & Payne Inc (NYSE:HP) from Sector Perform to Outperform, and has raised the price target from $40 to $65. The average analysts that follow this company have a ‘Buy’ rating, according to Zacks Investment Research. Among analysts covering the stock, 5 maintain strong buy rating, 1 set the stock as buy, 3 give underperform rating and 1 suggests selling.

 

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