Analysts Offer Insights on Services Companies: Wal-Mart Stores Inc (WMT), JC Penney (JCP) and Adtalem Global Education Inc (ATGE)


Companies in the Services sector have received a lot of coverage today as analysts weigh in on Wal-Mart Stores Inc (NYSE:WMT), JC Penney (NYSE:JCP) and Adtalem Global Education Inc (NYSE:ATGE).

Wal-Mart Stores Inc (WMT)

Cowen & Co. analyst Oliver Chen reiterated a Buy rating on Wal-Mart Stores Inc on August 16 and set a price target of $115. The company’s shares closed yesterday at $97.85.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.8% and a 53.4% success rate. Chen covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Signet Jewelers Limited.

Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $104.79, a 7.1% upside from current levels. In a report issued on August 16, Guggenheim also maintained a Buy rating on the stock with a $110 price target.

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JC Penney (JCP)

In a report issued on August 16, Mark Altschwager from Robert W. Baird reiterated a Hold rating on JC Penney, with a price target of $2. The company’s shares closed yesterday at $1.79, close to its 52-week low of $1.60.

According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 8.2% and a 45.7% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Urban Outfitters, and Tapestry Inc.

JC Penney has an analyst consensus of Hold, with a price target consensus of $1.88, representing a 5.0% upside. In a report issued on August 16, Guggenheim also maintained a Hold rating on the stock.

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Adtalem Global Education Inc (ATGE)

In a report released yesterday, Peter Appert from Piper Jaffray reiterated a Buy rating on Adtalem Global Education Inc, with a price target of $59. The company’s shares closed yesterday at $47.20.

According to TipRanks.com, Appert is a 5-star analyst with an average return of 21.4% and a 78.5% success rate. Appert covers the Services sector, focusing on stocks such as Universal Technical Institute Inc, American Public Education, and Grand Canyon Education.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adtalem Global Education Inc with a $56.60 average price target, representing a 19.9% upside. In a report issued on August 14, Barrington also reiterated a Buy rating on the stock with a $60 price target.

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