Top Analyst Reports for Adobe, Abbott & Barrick Gold

 | Aug 07, 2020 02:25AM ET

Friday, August 7, 2020

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Systems (ADBE), Abbott Laboratories (NYSE:ABT) (ABT) and Barrick Gold (NYSE:GOLD) (GOLD). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see

Today's Must Read/h6

Featured Reports/h6

Per the Zacks analyst, HSBC Holdings is poised for growth given its efforts to reshape business and reduce costs.

Per the Zacks analyst, Stryker continues to gain from solid prospects of its core MedSurg arm.

Per the Zacks analyst, Square is benefiting from strong Cash App engagement and its growing active customer base.

Per the Zacks analyst, Micron is growing on solid memory-chip demand from data-center operators as the coronavirus crisis has boosted the work-and-learn-from-home and online services trends.

Per the Zacks analyst, synergies from acquisitions and efforts to diversify revenues will likely aid Moody's. Yet, mounting operating costs and pricing pressure due to stiff competition are concerns.

The Zacks analyst is impressed by Republic Services' operational efficiency move to shift to compressed natural gas collection vehicles and convert rear-loading trucks to automated-side loaders.

Per the Zacks Analyst, gabocom acquisition has enhanced Aptiv's position in the telecommunications market. However, coronavirus-led weak global vehicle production remains a concern.

New Upgrades/h6

Per the Zacks analyst, Tyson Foods (TSN) is gaining from burgeoning demand in its retail channel amid COVID-19. Notably, core retail line volumes rose more than 26% in fiscal third-quarter.

The Zacks Analyst appreciates Rayonier's geographical diversity and strategic buyouts. Rebound in housing construction activity and rise in wood products prices will likely drive log prices.

Per the Zacks analyst, Central Garden & Pet has been gaining from its recent acquisitions. Notably, acquisitions contributed about $10 million of sales during the third quarter of fiscal 2020.

New Downgrades/h6

Per the Zacks analyst, Diageo's soft volume in second-half fiscal 2020 due to the widespread closure of bars and restaurants (on-trade channel) worldwide and disruption to global travel hurt revenues.

Per the Zacks analyst, sales of key drugs in BioDelivery's portfolio, Belbuca and Symproic, were hurt due to stay-in-home and travel restrictions during the second quarter.

The Zacks analyst believes that Gulfport Energy (NASDAQ:GPOR)'s high debt-to-capitalization of 89.2% is a concern. Further, a recent reduction in the company's borrowing base has left it with little liquidity.


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