Wells Fargo Underestimated These 10 Companies

In a new report, analysts at Wells Fargo took a closer look at companies within their coverage universe and decided to raise 2015 earnings estimates for 10 names.

Here’s a breakdown of the changes they made.

Philip Morris International Inc. (NYSE: PM)

Analysts raised 2015 EPS estimates from $4.24 to $4.43 and see recovery in the company’s European business on track.

Unilever N.V. (NYSE: UN)

Analysts raised 2015 EPS estimates from €1.79 to €1.87 on higher sales predictions and growing forex flow through.

BlackRock, Inc. (NYSE: BLK)

Analysts raised 2015 EPS estimates from $19.85 to $20.40 on strong growth expectations.

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First Republic Bank (NYSE: FRC)

Analysts raised 2015 EPS estimates from $2.92 to $3.02 on the strength of record-level Q1 originations.

PrivateBancorp Inc (NASDAQ: PVTB)

Analysts raised 2015 EPS estimates from $2.10 to $2.15 in anticipation of the benefits of higher rates.

The Goldman Sachs Group Inc (NYSE: GS)

Analysts raised 2015 EPS estimates from $17.50 to $18.50 on the strength of the company’s Q1 numbers and the increasing clarity of the post-crisis “new normal.”

AutoNation, Inc. (NYSE: AN)

Analysts raised 2015 EPS estimates from $3.90 to $3.93 on strong auto sales and favorable truck mix so far this year.

Sonoco Products Co (NYSE: SON)

Analysts raised 2015 EPS estimates from $2.60 to $2.62 on strong growth projections.

International Game Technology (NYSE: IGT)

Analysts raised 2015 EPS estimates from $0.90 to $1.92 on the strength of the company’s free cash flow generation, favorable industry position and product diversification.

Alliance Data Systems Corporation (NYSE: ADS)

Analysts raised 2015 EPS estimates from $14.92 to $14.94 on the strength of Q1 earnings and upward revisions in the company’s latest guidance for the remainder of 2015.