Companies in the Services sector have received a lot of coverage today as analysts weigh in on MYnd Analytics Inc (MYND) and Darden (DRI).
MYnd Analytics Inc (MYND)
Maxim Group analyst Anthony Vendetti maintained a Buy rating on MYnd Analytics Inc today and set a price target of $5. The company’s shares closed yesterday at $1.28, close to its 52-week low of $1.15.
Vendetti observed:
“Market close, MYND reported mixed F4Q18 (Sep) results, including a narrower-than-expected net loss per share on lower revenue. MYND awarded an HHS subcontract for suicide prevention. Effective today, MYND appointed the position of CEO. Carpenter, will retain his role as President and also assume the role of Chief Innovation Officer.”
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 5.4% and a 47.5% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Ra Medical Systems Inc.
Currently, the analyst consensus on MYnd Analytics Inc is a Moderate Buy with an average price target of $5.
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Darden (DRI)
In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Darden, with a price target of $119. The company’s shares closed yesterday at $105.31.
Anderson commented:
“We maintain our Hold rating and $119 price target on Darden Restaurants (DRI) ahead of the release of F2Q19 (November) results on the open. We have a positive bias on DRI shares heading into results, in which we estimate $0.95 (unchanged), vs. consensus $0.91, based on our estimate of a +2.4% blended comp (unchanged), vs. +2.1% consensus. We expect upside to long-term margin growth of 10bps-30bps in FY19. However, we are reluctant to increase our valuation multiples amid a slow turnaround at Cheddar’s.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 12.2% and a 68.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Darden with a $119.71 average price target.
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