Avondale Partners

Earnings season is a busy time for investors, traders and especially Wall Street analysts. Here is a selection of some of the more notable Wall Street analyst calls from Thursday. U.S. Steel: Analysts Are Mixed Analysts at Bank of America downgraded United States Steel Corporation (NYSE: X) to...

Avondale Partners lifted McKesson Corporation (NYSE: MCK)'s price target from $172 to $197. In its report published Tuesday, the analysts stated they believe the company is stabilizing, noting that it is still too early to make a conclusion because of macro factors. "Operational excellence was the...

Shares of ManpowerGroup Inc. (NYSE: MAN) have plummeted on Brexit related uncertainties. Avondale Partners’ Randle G. Reece downgraded the rating on the company to Market Perform, while reducing the price target from $96 to $74. The analyst commented that the expectations for the company...

Avondale Partners said the shareholders of SolarCity Corp (NASDAQ: SCTY) will likely approve the merger deal with Tesla Motors Inc (NASDAQ: TSLA), despite being "surprised" with the timing of the deal. "We believe it is likely SCTY shareholders approve the transaction, which approaches our fair...

Avondale Partners has cut the price target of Kindred Healthcare, Inc. (NYSE: KND) to $14 from $17 citing near-term headwinds in the hospital division (HD). "We continue to believe that 2H headwinds from criteria in the HD as well as skepticism surrounding cash flow generation may continue to...

Avondale Partners sees continued headwinds for Navistar International Corp (NYSE: NAV) in the second half of 2016 and into 2017, despite the truck maker recording its first quarterly profit since the third quarter of 2012. "The cost cutting measures have been successful yet we believe end markets...

Randle Reece of Avondale Partners recommended LinkedIn Corp (NYSE: LNKD) shareholders should take the money and run after the company agreed to sell itself to Microsoft Corporation (NASDAQ: MSFT) for $196 per share. Reece pointed out that shares of LinkedIn were trading within 2 percent of the...

Although RBC Bearings Incorporated (NASDAQ: ROLL) has not provided its full-year guidance, Avondale Partners’ Lawrence R. Pfeffer expects the usual quarterly revenue ‘nudge,’ and noted consensus expectations for 1Q17 were mostly in line with historic seasonal trends. Pfeffer...

Quorum Health Corp (NYSE: QHC) is a recent spinoff from Community Health Systems (NYSE: CYH) and comprises 38 rural hospitals and a management team and board with years of experience in the rural markets. Avondale Partners’ Paula Torch initiated coverage of Quorum Health with a Market Perform...

Avondale Partners maintains its Market Perform rating and $14 price target on Quality Systems, Inc. (NASDAQ: QSII), saying the company faces many challenges despite commencing turnaround efforts. "We remain neutral on QSII's ability to elevate HealthFusion above the price war at the bottom of the...

On May 12, LSB Industries, Inc. (NYSE: LXU) announced the planned divestiture of its climate control business. Avondale Partners’ Daniel J. Mannes maintained a Market Outperform rating on the company, while raising the price target from $15 to $17. Off The Conviction List Mannes removed LSB...

SolarCity Corp (NASDAQ: SCTY) reported its 1Q16 results with the revenues ahead of the consensus and estimate and the non-GAAP EPS missing expectations. Avondale Partners’ Michael Morosi maintains a Market Outperform rating on the company, with a price target of $40. There Is A Silver Lining...

Avondale Partners has upgraded Matrix Service Co (NASDAQ: MTRX) to Market Outperform, despite weak third-quarter results and a guidance cut. The firm cited attractive valuation on the new guidance as justification for the upgrade. The shares rose 7 percent in Friday's morning trade. The brokerage...