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Top Analyst Reports for Pfizer, DISH & Micron

Mark Vickery

Tuesday, October 1, 2019

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Pfizer (PFE), DISH Network (DISH) and Micron Technology (MU). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Pfizer’s shares have underperformed the Zacks Large-Cap Pharmaceuticals industry in the past six months (-16.3% vs. -4.7%). The Zacks analyst believes that the Consumer Healthcare joint venture with Glaxo, the Array acquisition and the pending merger of Upjohn unit with Mylan, if successful, will make Pfizer a smaller company with a diversified portfolio of innovative drugs and vaccines.

The smaller Pfizer should see better revenue growth as the Lyrica loss of exclusivity cliff will go away. Pfizer expects continued strong growth of key brands like Ibrance and Eliquis and biosimilars to drive sales in the second half.

However, currency headwinds, Lyrica LOE, weak sales in the sterile injectables portfolio and pricing pressure are top-line headwinds in 2019. Moreover, unfavorable changes in recommendation guidelines for Prevnar 13 and unfavorable FDA updates to the Xeljanz U.S. label may hurt sales of these key drugs in the second half.

(You can read the full research report on Pfizer here >>>)

Shares of DISH Network have gained 36.4% year to date, outperforming the Zacks Cable Television industry’s rise of 30.5% over the same period. The Zacks analyst believes that DISH is suffering from subscriber loss in the Pay-TV business, primarily due to stiff competition and cord-cutting.

Also, increasing programming and content expenses as well as higher retransmission fees are hurting profitability. Nevertheless, the company’s efforts to diversify its business from being a pure-play satellite-TV operator to an Internet TV operator are noteworthy. Sling TV subscriber base is also expanding, which is a positive.

Further, the company’s focus on acquiring and retaining subscribers, to boost profits over the long term, is expected to drive growth. Further, DISH announced that it will enter the U.S. wireless market as the fourth, nationwide, facilities-based network competitor.

(You can read the full research report on DISH here >>>).

Micron’s shares have gained 8.2% in the past three months, outperforming the Zacks Semiconductors industry’s rise of 3.7%. The Zacks analyst believes that the company is well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and PC markets.

Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon. Further, introduction of server processors that supports higher memory densities is likely to fuel demand for its solutions. Also, the company’s decision to cut down on capital expenditure will enable it to reach a balanced inventory level.

However, a higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep margins under pressure. Uncertainty hovering over trade and the economy is a concern as well.

 (You can read the full research report on Micron here >>>).

Other noteworthy reports we are featuring today include The Walt Disney Company (DIS), Restaurant Brands International (QSR) and C.H. Robinson Worldwide (CHRW).

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Mark Vickery
Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

Pfizer's (PFE) Business Reorganization Can Aid Sales Growth

Improving Retention Rate, Pay-TV Resizing Aids DISH (DISH)

Micron (MU) Banks on Rebound in Demand for DRAM Solutions

Featured Reports

Restaurant Brands' (QSR) Sales Building Efforts Bode Well

Per the Zacks analyst, Restaurant Brands' solid expansion efforts, various sales building strategies should drive growth in the coming quarters.

Acquisitions Support Hancock Whitney (HWC) Amid Lower Rates

Per the Zacks analyst, Hancock Whitney's inorganic growth strategy and improving loan balance will aid growth.

Growing Top-line Aid Owl Rock (ORCC), Elevated Expenses Hurt

Per the Zacks analyst, its rising revenues driven by high interest income has led to significant growth.

Viasat (VSAT) Buoyed by Robust Government Systems Segment

Per the Zacks analyst, Viasat continues to benefit from compelling growth for products and services within its Government Systems segment.

Productivity Actions Aid Celanese (CE), Weak Demand Ails

Per the Zacks analyst, operational cost savings through productivity actions will drive Celanese's profitability. However, lower global demand will hurt the company's volumes.

New Upgrades

t:slim X2 Rollout, Favorable Market Trends Aid Tandem (TNDM)

The Zacks analyst is bullish about Tandem's strong international rollout of t:slim X2 insulin pump. Huge global demand for diabetes care devices on favourable market trends is another growth driver.

Pilgrim's Pride (PPC) Sales to Gain From Prepared Foods Unit

Per the Zacks analyst, Pilgrim's Pride is gaining from growth in its Prepared Foods unit. Management continues to invest in this unit and expects it to account for a larger portion of sales.

New Downgrades

Disney (DIS) Hurt By Rising Investments & Marketing Costs

Per the Zacks analyst, Disney's ongoing investments on its technology platform and higher marketing costs negatively impacted profitability.

C.H. Robinson (CHRW) Hurt by Freight Weakness & High Costs

The Zacks analyst is worried about the lackluster freight demand that is impeding C.H. Robinson's growth. Moreover, high capital expenditures are hurting the bottom line.

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Restaurant Brands International Inc. (QSR) : Free Stock Analysis Report
Pfizer Inc. (PFE) : Free Stock Analysis Report
Micron Technology, Inc. (MU) : Free Stock Analysis Report
DISH Network Corporation (DISH) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
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