American Campus weakness creates buying opportunity, says Argus Argus believes that American Campus' pricing trends are positive, while the company is poised to benefit from growing university enrollment. The firm reiterates a $53 price target on the shares.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include; American Campus (ACC) downgraded to Sell from Neutral at UBS... Baxter (BAX) downgraded on valuation at BMO Capital... Broadcom (BRCM) downgraded to Perform from Outperform at Oppenheimer... Dillard's (DDS) downgraded to Underperform from Neutral at BofA/Merrill... DineEquity (DIN) downgraded to Neutral following Applebee's checks at Longbow... Grupo Televisa (TV) downgraded to Neutral from Overweight at JPMorgan... Humana (HUM) downgraded to Hold from Buy at Argus... JAKKS Pacific (JAKK) downgraded on valuation at BMO Capital... K+S (KPLUF) downgraded to Underweight from Overweight at JPMorgan... New Gold (NGD) downgraded to Equal Weight from Overweight at Morgan Stanley... Rolls-Royce (RYCEY) downgraded to Underweight from Neutral at JPMorgan... Shake Shack (SHAK) downgraded to Underweight from Equal Weight at Morgan Stanley... Tesla (TSLA) downgraded to Hold from Buy at Deutsche Bank.
American Campus downgraded to Sell from Neutral at UBS UBS downgraded American Campus Communities to Sell saying dilution from equity funding needs and reduced capitalized interest make FY16 FFO estimates too high. The firm its price target for shares to $35 from $41.
American Campus acquires Referral Solutions Group, Taj Media AAC Holdings has acquired Referral Solutions Group and Taj Media for $35M in cash and $25M in stock through its operating subsidiary, American Addiction Centers and its indirect subsidiary, Sober Media Group, officials announced.