The Zacks Analyst Blog Highlights:Broadcom, Target, Flowers Foods, B&G Foods and Omega Protein

 The Zacks Analyst Blog Highlights:Broadcom, Target, Flowers Foods, B&G Foods
                              and Omega Protein

PR Newswire

CHICAGO, June 25, 2013

CHICAGO, June 25, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Broadcom Corporation
(Nasdaq:BRCM-Free Report), Target Corporation (NYSE:TGT-Free Report), Flowers
Foods, Inc. (NYSE:FLO-Free Report), B&G Foods Inc. (NYSE:BGS-Free Report)
andOmega Protein Corp. (NYSE:OME-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Monday's Analyst Blog:

Broadcom 5G WiFi to Be Industry Benchmark

Leading semiconductor solutions provider Broadcom Corporation's
(Nasdaq:BRCM-Free Report) 5G WiFi was selected by Wi-Fi Alliance, an
association that promotes Wi-Fi technology and certifies Wi-Fi products, for
its Wi-Fi CERTIFIED ac test suite. Based on the wireless computing standard
IEEE 802.11ac, Wi-Fi CERTIFIED ac is the latest certification program from
Wi-Fi Alliance. The latest test suite will be using Broadcom's BCM4360 chip
for validating interoperability of various products.

5G WiFi technology is being globally adopted across various product segments.
IEEE 802.11ac standard for 5G WiFi delivers reliable and faster Internet
speeds, faster file transfers and a more effective way of power line
communications. Banking on improved networking solutions, the new technology
supports high-resolution Internet video, online gaming and offers broad
coverage. The higher capacity and improved power management with Wi–Fi
CERTIFIED ac suite is likely to be perfectly suitable for new products and
services.

Broadcom continues to drive innovation and engineering excellence across a
broad range of communication end markets to help its customers enhance device
performance and improve overall power efficiency. The innovative technologies
related to connectivity, bandwidth and content enable the company to capture a
sizeable market share. The 5G WiFi solutions for all product segments include
the BCM4335 combo chip, which is suitable for smartphones and tablets and
other connected devices.

Based in Irvine, Calif., Broadcom is engaged in designing and marketing
semiconductor components of network voice, video, and data traffic for various
applications. In the last reported quarter, Broadcom reported total revenues
of $2.0 billion, up 11.1% year over year.

Bearish View on Target

On Jun 19, we downgraded our long-term recommendation on Target Corporation
(NYSE:TGT-Free Report) to Underperform based on the company's dismal
first-quarter fiscal 2013 performance. The stock currently carries a Zacks
Rank #4 (Sell).

Why the Downgrade?

Estimates of this operator of general merchandise and food discount stores in
the United States have shown a downtrend since the company reported
disappointing first-quarter results on May 22, 2013 that prompted management
to take a conservative stance on its future earnings.

The quarterly earnings, including U.S. and Canadian operations, came in at 81
cents a share that dipped from $1.03 reported in the prior-year quarter.
Target's adjusted earnings of $1.05 per share also fell from $1.11 delivered
in the year-ago quarter. This relates to results from U.S. operations only.
However, it managed to exceed the Zacks Consensus Estimate of 85 cents.

Nevertheless, the bottom-line results came below Target's earlier projection
of $1.10 to $1.20 per share due to lower-than-anticipated sales witnessed
principally in apparel and other seasonal and weather-related categories.
Total revenue edged down 1% to $16,706 million from the prior-year quarter,
and also came below the Zacks Consensus Estimate of $16,897 million.

Following soft first-quarter results, Target now projects fiscal 2013 earnings
between $4.70 and $4.90 per share down from a range of $4.85 to $5.05
forecasted earlier.

Consequently, we are witnessing a fall in the Zacks Consensus Estimate. The
Zacks Consensus Estimate for the second and third quarters of fiscal 2013
dropped 7.7% and 3.3%, to 96 cents and 88 cents a share, respectively, over
the past 60 days. Moreover, the Zacks Consensus Estimate for fiscal 2013 fell
by 3.8% to $4.32 and for 2014 it tumbled 1.6% to $5.46 per share, over the
same time frame.

Cause for Concern

We expect the footfall to be challenging given the near-term headwinds such as
higher payroll taxes, sluggish economic recovery and e-Commerce competition.
The company also lowered its comparable-store sales guidance to 2%–2.5% from
2.7%. We believe that the macro-economic condition is still not favorable and
consumers will tread cautiously against discretionary items. Another factor
that limits the company's upside potential is the greater concentration of
Target's revenue generating capability in a few regions of the United States,
thereby posing a competitive threat.

Other Stocks That Warrant a Look

Not all stocks in the retail sector are performing as disappointingly as
Target. Other stocks worth considering include Flowers Foods, Inc.
(NYSE:FLO-Free Report), B&G Foods Inc. (NYSE:BGS-Free Report) andOmega Protein
Corp. (NYSE:OME-Free Report), all of which hold a Zacks Rank #1 (Strong Buy),
and are expected to continue with their upbeat performance.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978. The later formation of the Zacks Rank, a proprietary stock picking
system; continues to outperform the market by nearly a 3 to 1 margin. The best
way to unlock the profitable stock recommendations and market insights of
Zacks Investment Research is through our free daily email newsletter; Profit
from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED
to be worth your time! Register for your free subscription to Profit from the
Pros.

Get the full Report on BRCM - FREE

Get the full Report on TGT - FREE

Get the full Report on FLO - FREE

Get the full Report on BGS - FREE

Get the full Report on OME - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities
(including a broker-dealer and an investment adviser), which may engage in
transactions involving the foregoing securities for the clients of such
affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment
is the potential for loss. This material is being provided for informational
purposes only and nothing herein constitutes investment, legal, accounting or
tax advice, or a recommendation to buy, sell or hold a security. No
recommendation or advice is being given as to whether any investment is
suitable for a particular investor. It should not be assumedthat any
investments in securities, companies, sectors or markets identified and
described were or will be profitable. All information is current as of the
date of herein andis subject to change without notice. Any views or opinions
expressed may not reflect those of the firm as a whole. Zacks Investment
Research does not engage in investment banking, market making or asset
management activities of any securities. These returns are from hypothetical
portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced
monthly with zero transaction costs. These are not the returns of actual
portfolios of stocks. The S&P 500 is an unmanaged index. Visit
http://www.zacks.com/performance for information about the performance numbers
displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com
 
Press spacebar to pause and continue. Press esc to stop.