It’s election day as many Americans across the United States vote for their Representatives. Among the equities that are commanding some attention among investors are Allegheny Technologies Incorporated (NYSE:ATI), e.l.f. Beauty Inc (NYSE:ELF), Frontdoor inc. (NYSE:FTDR), Cohu Inc. (NASDAQ:COHU), and TopBuild Corp. (NYSE:BLD). Let’s analyze further.
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Allegheny Technologies Incorporated (NYSE:ATI) is trending after Chris Olin of Longbow upgraded the stock to ‘Buy’ from ‘Neutral’ due to his channel checks that provide more confidence in the analyst’s bullish view on Allegheny Technologies Incorporated (NYSE:ATI). Specifically, the analyst believes jet engine companies and OEMs can hit their 2018 production targets and potentially issue positive delivery guidance for next year as well. Longbow has a $34 price target.
E.l.f. Beauty Inc (NYSE:ELF) shares soared 19% on Tuesday after the company reported a rather blowout third quarter. EPS for the period was over double the consensus of $0.08 per share, coming in at $0.17 per share. Sales for e.l.f. Beauty Inc (NYSE:ELF) were $63.9 million, exceeding the estimate of $60.09 million. Furthermore, guidance is positive as management sees FY adjusted EPS of $0.59-$0.61 versus the consensus of $0.57 per share.
Frontdoor inc. (NYSE:FTDR) shares sank almost 30% on the second day of the week after the company’s Q3 underwhelmed some estimates specifically related to adjusted EBITDA. For the period, EPS were $0.58 and sales were $377 million, with adjusted EBITDA of $86 million. FY18 guidance is for $1.25-$1.26 billion in sales and adjusted EBITDA of $215-$225 million, a metric lower than some estimates due to unfavorable weather in October among other things. As a result of the report, Ian Zaffino of Oppenheimer trimmed his price target for frontdoor inc. (NYSE:FTDR) to $40 from the previous $48.