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3 Turnaround Stories Getting Love From Sell-Side Analysts

3 Turnaround Stories Getting Love From Sell-Side Analysts - Coach, Inc. NYSE:COH, iPass Inc. NASDAQ:IPAS

Taking a look back at last week's Benzinga Pro headlines, there are several stocks whose turnaround story have been under the watchful eye of sell-side analysts.

The Headline: "Chardan Analyst Believe iPass Inc. IPAS' Turnaround Strategy Is Working - also upgraded the rating to Buy."

Why It Matters: Shares of iPass, a provider of mobile connectivity solutions, have already gained 56 percent since the start of 2016. The company's turnaround strategy of targeting enterprises attracted the attention of Chardan Capital Markets' James McIlree, who upgraded the stock's rating to Buy from Hold with a $2 price target after the company reported its Q2 earnings results. In fact, for the first time in several years, the company managed to grow revenue on a year-over-year and sequential basis.

The Headline: "Piper Jaffray Says Coach Inc COH 'Is Firmly 'On Plan' With Its Turnaround- For the fourth quarter, the firm sees the company to top estimates."

Why It Matters: Analysts at Piper Jaffray were positive on Coach's stock ahead of the company's Tuesday morning print. The company earned $0.45 per share in the quarter on revenue of $1.14 billion compared to the $0.41 per share and $1.17 billion analysts were expecting. Coach's product offerings appear to be popular again among consumers following the implementation of a turnaround strategy which included the hiring Stuart Vevers as Creative Director.

The Headline: "From Turnaround Story To Industry Powerhouse-Joseph Bonner of Argus Research maintained a Buy rating on T-Mobile US Inc TMUS's stock with a price target boosted to $56 from a previous $49."

Why It Matters: Shares of T-Mobile have already gained more than 20 percent since the start of 2016, but the company may just be in the early stages of disrupting the telecommunication sector. Bonner stated T-Mobile is now an industry powerhouse and its peers are scrambling to mimic its effective marketing strategy and superior offerings.

DateFirmActionFromTo
Aug 2016Telsey Advisory GroupUpgradesMarket PerformOutperform
Jul 2016Credit SuisseUpgradesNeutralOutperform
Jul 2016BairdUpgradesNeutralOutperform

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