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09/27/16 04:00:17 PM
WORD ON THE STREET

Cooper-Standard Holdings Inc., Marriott International, Inc., Rice Energy Inc.

Cooper-Standard Holdings Inc.(CPS) : Buckingham Research downgraded Cooper-Standard Holdings Inc (NYSE: CPS) to Neutral from Buy as it believes the near-term risk/reward is now fairly balanced. Meanwhile, the brokerage's new $105 price target (from $101), implies just about 1 percent upside. "While we continue to believe the company is in the early stages of its operational turnaround with still more benefits to come, the shares have dramatically outperformed those of its peers since our initiation, with the valuation gap versus the group (on 2016 earnings estimates) having narrowed significantly," analyst Glenn Chin wrote in a note. Moreover, the analyst also has reservations about third and fourth quarter results given production volumes for the Ford F-Series, its most important platform, are expected to be down 20.6 percent and 15.5 percent, respectively. "Not that we necessarily see risk of an earnings miss, but merely that because of that headwind, the huge earnings beats that investors have come to expect, may not materialize in these quarters," Chin added.



Marriott International, Inc.(MAR) : Shares of Marriott International Inc (NASDAQ: MAR) have lost more than 7.5 percent over the past month. The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $78.88, which implies a potential return of roughly 17.5 percent from current valuations. Related Link: Here's How Crowdsourced Ratings Can Beat The Market Seeking to better reflect the larger upside potential, the Vetr crowd has upgraded its rating on shares of Marriott on Tuesday, from 4.0 Stars (Buy) to 5.0 Stars (Strong Buy) - out of a possible 5 Stars rating. It should be noted that, in accordance with the new score, 100 percent of the crowd's ratings are bullish at the time.



Rice Energy Inc.(RICE) : Rice Energy Inc(NYSE: RICE) shares are steeply lower Tuesday after it announced it's pricing its underwritten public offering of 40 million of its common stock at $25.50 per share. The stock, which closed Monday's session at $27.14, is down 7.4 percent at $25.11 on three times its average volume. Jeffries noted the company has agreed to acquire privately-held Vantage Energy for $2.7 billion, with the deal expected to add 85,000 adjacent development acres in its core Marcellus development area. Rice is set to acquire Vantage's upstream assets for $2.1 billion and its RMP mid-stream subsidiary will buy the associated midstream/processing rights for $600 million. The deal is structured to be paid $1.72 billion in cash and 39.1 million in shares. Analyst Jonathan Wolff highlighted the fact that Vantage had twice planned IPOs and had to shelve the plans. The analyst noted that the company's second quarter production was 399 MMcfe/d. This, the analyst believes, would have dipped due to low reinvestment. Commenting on the acquisition, Jeffries said it has an initial positive view, given the extended duration of upstream/MLP growth and the seemingly reasonable price. The firm, however, was seeking additional information from the call on potential margin enhancement through improved transport and plans for the Barnett. View More Analyst Ratings for RICEView the Latest Analyst Ratings Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved.



 

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