this week and it could be a big year for investors of the global food processing and agricultural commodities company if analysts are to be believed.
"We believe the U.S./China Phase 1 trade agreement will gradually aid earnings across F20, but more specifically, during 4Q20 when U.S. crop prices are most competitive on a global basis," analyst Eric Larson said."With the potential aid of several improving 2020 micro/macro fundamentals, and self-help programs, we believe valuation and stock price downside risk is limited," he said.
"High-margin political revenues should provide a few points of incremental revenue growth in 2020. Moreover, core radio advertising could benefit, as well, with political ads crowding out TV inventory availability for non-political advertisers," the analyst said. But the company's growth is still an area for investors to closely monitor when the firm reports earnings in late February.
"Among investors, the fear of sustained core revenue declines, plus relatively high leverage, is likely to remain an obstacle"Despite this mixed outlook for the group, we see a compelling setup for radio's largest player, over the next year.""We upgrade OXM from Hold to Buy as we see lowered 4Q expectations as achievable and believe the company's positive momentum will continue in 2020. OXM reported solid 3Q results but noted a deceleration for 4QTD on Dec.
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