Argus raises their WWAV tgt to $55 from $49 noting co has an impressive record of growth, with a CAGR of 17.2% for sales and 15.4% for net income over the last five years. Looking ahead, firm expects rev to grow at a high single-digit pace and operating earnings to grow at a high-teens rate over the next several years.
These projected growth rates are well above those of other packaged food cos, which have seen slower growth in recent years. Co's valuations are on the rich side, but firm believes the stock deserves a premium given its strong brands in several health and wellness categories, as well as its growth history and outlook.
Zix Corp target raised to $6.25 from $5 at Topeka Capital Markets; Buy (3.79)
Topeka Capital Markets raises their ZIXI tgt to $6.25 from $5 as notable financial metrics from 4Q14 include record New First Year Orders and a record backlog. While still very small rev contributors, the new DLP and BYOD products are gaining significant traction and should begin to move the rev growth needle as we move through 2015 and beyond. Firm has made a modest downward revision to their 2015 rev ests while maintaining their EPS est of $0.20, helped in part by the aforementioned spending cutback. Firm is also initiating 2016 ests which reflect an acceleration in revenue growth as the two new products start to have some impact and the core email encryption business continues to expand its addressable market opportunity.