Wall Street Analysts Are Bullish on Top Services Picks


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Habit Restaurants (HABT) and Cigna Corp (CI) with bullish sentiments.

Habit Restaurants (HABT)

In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Habit Restaurants, with a price target of $17. The company’s shares closed yesterday at $10.89.

Anderson wrote:

“We maintain our Buy rating and $17 price target on The Habit Restaurants (HABT) following yesterday’s release of better-than-expected 1Q19 (March) results.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.9% and a 68.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

Habit Restaurants has an analyst consensus of Moderate Buy, with a price target consensus of $16.40, implying a 50.6% upside from current levels. In a report issued on April 17, Wedbush also maintained a Buy rating on the stock with a $20 price target.

See today’s analyst top recommended stocks >>

Cigna Corp (CI)

Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on Cigna Corp today and set a price target of $254. The company’s shares closed yesterday at $162.

Wiederhorn wrote:

“CI reported $3.90 (GAAP: $3.56), which topped Street consensus of $3.75. Adjusted results exclude gains of $1.31 for transitioning clients and $0.10 for investments, offset by $1.47 amortization and $0.28 of integration/transaction costs. The beat was driven by strong Health Services ($994M vs. OPCO $895M) and Integrated Medical ($1,170M vs. OPCO $965M) results, slightly offset by Group D&L softness ($84M vs. OPCO $114M). Cigna also highlighted that the new Health Services segment had strong organic pharmacy growth as ESRX is performing well. Following the quarter, Cigna raised FY2019 EPS guidance to $16.25-16.65 from $16.00-16.50. Overall, the strong results, and momentum in the pharmacy segment are an encouraging way to start the year.”

According to TipRanks.com, Wiederhorn is a 5-star analyst with an average return of 13.2% and a 63.1% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and The Ensign Group.

Currently, the analyst consensus on Cigna Corp is a Strong Buy with an average price target of $229.50, representing a 41.7% upside. In a report issued on April 23, UBS also initiated coverage with a Buy rating on the stock with a $185 price target.

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