Miller Tabak

In a report published Monday, Miller Tabak reiterated its Hold rating on Smithfield Foods (NYSE: SFD), and raised its price target from $22.00 to $24.00. Miller Tabak noted, “Tweaking Q4:FY13 EPS estimate ($0.53 vs. $0.51 prior) upward to reflect lower tax rate, above trendline volume growth in...

Miller Tabak downgraded Texas Roadhouse (NASDAQ: TXRH) from Buy to Hold and maintained a $20.00 price target. Miller Tabak commented, "TXRH has posted six straight quarters of above-consensus EPS, and we think the continuation of above-peer comp growth, management's heightened emphasis on cost...

Miller Tabak maintained Domino's Pizza (NYSE: DPZ) with a Buy rating and raised the price target from $50.00 to $52.00. Miller Tabak noted, "In our view, DPZ's focus on new products—rather than steep discounts—will continue to help the company deliver not only segmentleading comp growth and market...

Miller Tabak maintained Darden Restaurants (NYSE: DRI) with a Buy rating and lowered the price target from $55.00 to $54.00. Miller Tabak commented, "We reiterate our Buy rating on Darden Restaurants (DRI) following this week's investor conference as we argue management is laying the groundwork...

Miller Tabak maintained Brinker International (NYSE: EAT) with a Buy rating and raised the price target from $41.00 to $42.00. Miller Tabak noted, "We maintain our Buy rating on Brinker International (EAT) and raise our price target to $42 (from $41) after a mostly upbeat investor day conference...

Miller Tabak maintained TJX Companies (NYSE: TJX) with a Buy rating and raised the price target from $49.00 to $50.00. Miller Tabak commented, "In our opinion, TJX's off-price model is well-suited for a slow-growth macro environment as its broad range of value-priced branded apparel and home goods...

Miller Tabak downgraded Rosetta Resources (NASDAQ: ROSE) from Hold to Sell and lowered the price target from $44.00 to $41.00. Miller Tabak commented, "We have been wary of Rosetta's lack of oil inventory in the Eagle Ford, and believe the stock should trade at a lower multiple of cash flow as...

Miller Tabak downgraded Red Robin Gourmet Burgers (NASDAQ: RRGB) from Buy to Hold and raised the price target from $40.00 to $46.00. Miller Tabak commented, "We lower our rating to Hold (from Buy) on Red Robin Gourmet Burgers (RRGB) following today's 25% rally after much better-than-expected...

In a report published Wednesday, Miller Tabak reiterated its Hold rating and $84.00 price target on Buffalo Wild Wings (NASDAQ: BWLD). Miller Tabak noted, “We maintain our Hold rating and $84 fair value estimate on Buffalo Wild Wings (BWLD) following a third consecutive disappointing earnings...

Miller Tabak upgraded PDC Energy (NASDAQ: PDCE) from Neutral to Buy and raised the price target to $50.00. Miller Tabak noted, "We believe PDC Energy has one of the most attractive asset bases of any North American E&P company with large acreage positions in both the Wattenberg and Utica shale...

Miller Tabak downgraded Mead Johnson Nutrition Company (NYSE: MJN) from Buy to Neutral and maintained a $76.00 price target. Miller Tabak commented, "[F]ollowing yesterday's 11.5% rally in the stock, we estimate that MJN is currently trading at 23.0x FY 2013 earnings and 15.0x our FY 2013 EBITDA...

Miller Tabak upgraded Ace Limited (NYSE: ACE) from Hold to Buy and initiated a $91.50 price target. Miller Tabak said, "We believe the entire property/casualty stock group is at the beginning of an upward revaluation by investors, and we expect ACE -- with its focus on disciplined underwriting...

Miller Tabak upgraded Panera Bread (NASDAQ: PNRA) from Hold to Buy and raised the price target from $187.00 to $190.00. Miller Tabak commented, "We upgrade shares of Panera Bread (PNRA) to Buy (from Hold) ahead of the company's 4Q12 (December) earnings release on February 5. We still consider...

Miller Tabak reiterated its rating on Home Properties (NYSE: HME) and increased its price target from $70.31 to $71.94. Miller Tabak noted, "Home Properties has one of the most concentrated footprints of any apartment REIT, and that concentration in the Boston-Richmond corridor corresponds with...

Miller Tabak raised its rating on Dunkin' Brands (NASDAQ: DNKN) from Hold to Buy and raised its price target from $34 to $38. Miller Tabak commented, "We upgrade shares of Dunkin' Brands (DNKN) to Buy and raise our fair value estimate to $38 (from $34) given what we think has been a solid 4Q12...