There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Hoegh LNG Partners (NYSE: HMLP) and Michael Kors (NYSE: KORS) with bullish sentiments.
Hoegh LNG Partners (NYSE: HMLP)
B.Riley FBR analyst Robert Balsamo maintained a Buy rating on Hoegh LNG Partners (NYSE: HMLP) on June 8 and set a price target of $21. The company’s shares closed on Friday at $17.65.
According to TipRanks.com, Balsamo has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 46.6% success rate. Balsamo covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, EnLink Midstream LLC, and NuStar GP Holdings.
Hoegh LNG Partners has an analyst consensus of Moderate Buy, with a price target consensus of $21.
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Michael Kors (NYSE: KORS)
Oppenheimer analyst Anna Andreeva reiterated a Buy rating on Michael Kors (NYSE: KORS) yesterday and set a price target of $90. The company’s shares closed on Friday at $64.65, close to its 52-week high of $70.
Andreeva noted:
“KORS saw profit taking post F4Q18 results (-13% that week, our universe +1%) given 1) high expectations; 2) magnitude of the beat seemed less than historically (adjusting for higher taxes, company still beat EPS by 30%+); 3) CHOO came in short with FY19 profitability expectations reined in (albeit sales maintained); 4) questions around timeline for growth at Kors brand. Importantly, within FY19 flat comp guide, North America is expected positive (starting Easter shift as discounting is apples-to-apples and innovation well above LY) and Europe still a drag (albeit should improve throughout FY19). 19.7% EBIT margins at Kors brand are already trending ahead of 2020 plans; restoring market share to ’15 levels (23% vs. ~19% currently) drives 2-3 points to North America comps.”
According to TipRanks.com, Andreeva is a 4-star analyst with an average return of 7.1% and a 52.3% success rate. Andreeva covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Children’s Place, and Urban Outfitters.
Currently, the analyst consensus on Michael Kors is Moderate Buy and the average price target is $76.27, representing a 18.0% upside.
In a report issued on May 31, Canaccord Genuity also maintained a Buy rating on the stock with a $84 price target.
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