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Two Stock Upgraded To Buy:FireEye By BofAMerrill Lynch And CF Industries By Goldman Sachs

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BofAMerrill Lynchh upgraded FireEye, Inc (FEYE) from Neutral to Buy with a price target of $18.00 (from $13.50).

Goldman Sachs upgraded CF Industries (CF) from Neutral to Buy with a price target of $36.00.

“FireEye’s core value proposition is centered around having some of the most advanced threat intelligence that lends its value to three areas of innovation: dealing with network threats, strong position in endpoint protection and above all is the value of analytics and threat management. In addition, FireEye’s incident response and remediation service both stand on its own merits, yet also helps source new solution sales. We identify three key drivers for growth, serving as potential catalysts for the stock: There are 6000 appliances that are due a refresh, representing $200mn of market opportunity. New products: cloud MVX, Smart grid, Helix, enhancements to FireEye-as-a-Service and the next gen endpoints. Third, improvements to its go-to-market, recently adding new sales leadership, removing sales capacity constraints, and substantially reducing the channel partner conflict. We think the Street largely ignores management’s guidance for growth resumption in 2H17, which is an opportunity for a positive surprise.”Analyst commented .

“We view CF as a FCF winner in a cyclically improving Nitrogen environment following the completion of its Donaldsonville and Port Neal capacity expansions in 2016. Following 7% share underperformance YTD and 15% in the past month, we believe the recent turn in sentiment is overdone and see an attractive tactical entry point in shares to play a long-term cyclical N price recovery. We raise our 2017/18/19E EPS by 2%/39%/45%, respectively, to account for stronger medium-term price realizations.”Analyst commented.

 

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