JP Morgan Maintains Overweight on Switch, Raises Price Target to $34
JP Morgan analyst Richard Choe maintains Switch (NYSE:SWCH) with a Overweight and raises the price target from $30 to $34.
Switch Q2 Adj. EPS $0.02 Misses $0.06 Estimate, Sales $168.19M Beat $166.52M Estimate
Switch (NYSE:SWCH) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.06 by 66.67 percent. This is a 50 percent decrease over earnings of $0.04 per share from the same period
Looking Into Switch’s Return On Capital Employed
According to Benzinga Pro, during Q1, Switch (NYSE:SWCH) earned $23.93 million, a 229.65% increase from the preceding quarter. Switch also posted a total of $164.61 million in sales, a 2.0% increase since Q4.
Raymond James Downgrades Switch to Market Perform
Raymond James analyst Frank Louthan downgrades Switch (NYSE:SWCH) from Strong Buy to Market Perform.
Stifel Downgrades Switch to Hold, Raises Price Target to $34.25
Stifel analyst Erik Rasmussen downgrades Switch (NYSE:SWCH) from Buy to Hold and raises the price target from $34 to $34.25.
BMO Capital Downgrades Switch to Market Perform, Raises Price Target to $34.25
BMO Capital analyst Ari Klein downgrades Switch (NYSE:SWCH) from Outperform to Market Perform and raises the price target from $31 to $34.25.
52 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Trecora Resources (NYSE: TREC) shares jumped 26.6% to $9.56 as the company agreed to be acquired by an affiliate of Balmoral Funds at $9.81 per share in cash or an enterprise value of $247 million.
Switch To Be Taken Private By DigitalBridge Investment Management And IFM In $11B Transaction
Switch to be Taken Private by DigitalBridge Investment Management and IFM in $11 Billion Transaction
Switch Common Stockholders to Receive $34.25 Per Share in Cash
Transaction Partners Switch with Preeminent