The Zacks Analyst Blog features AbbVie, NextEra Energy, ConocoPhillips, Canadian Pacific Railway and Intercontinental Exchange
For Immediate Release
Chicago, IL – March 14, 2023 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events affecting stocks and the financial markets. Stocks recently featured on the blog include: AbbVie Inc. ABBV, NextEra Energy, Inc. NEE, ConocoPhillips COP, Canadian Pacific Railway Ltd. CP and Intercontinental Exchange, Inc. ICE.
Here are the highlights from Monday’s analyst blog:
Top research reports for AbbVie, NextEra and ConocoPhillips
The Zacks Research Daily presents the best research from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks including AbbVie Inc. (ABBV), NextEra Energy, Inc. (NEE) and ConocoPhillips (COP). These research reports have been selected from the approximately 70 reports published today by our team of analysts.
You can All current research reports can be found here >>>
shares of AbbVie underperformed the Zacks large-cap pharma industry over the past year (-1.6% vs. +3.3%). The company is concerned about long-term sales growth as Humira generics enter the US market. Increasing competition from newer therapies is impacting Imbruvica’s sales.
The slowdown in consumer demand due to economic pressures is hurting sales of the aesthetics franchise. However, while sales are expected to decline in 2023, AbbVie expects them to return to robust sales growth in 2025.
However, AbbVie has several new drugs in its portfolio that have the potential to boost sales to make up for lost Humira revenue. Skyrizi and Rinvoq have established excellent go-to-market trajectories, supported by approvals in new indications. It has several early/mid-stage candidates that have blockbuster potential.
(You can Read the full AbbVie research report here >>>)
shares of NextEra Energy are down -7.9% over the past year versus a -9.2% decline in the Zacks Utility – Electric Power industry. The nature of the Company’s business is subject to complex federal, state and other regulations. Risks in the operation of nuclear power plants, unfavorable weather conditions and rising supply costs weigh on the result.
Nonetheless, NextEra Energy continues to grow its business through the efficient execution of organic projects and strategic acquisitions. The company currently has many renewable projects on the backlog and their completion will result in reduced emissions.
Gulf Power and FPL merger strengthens NextEra’s position in Florida. FPL’s client base is growing as Florida’s economy improves and demand for its services continues to increase. NextEra has ample liquidity to meet its near-term debt obligations, and efficient debt management is providing a tailwind.
(You can Read the full NextEra Energy research report here >>>)
shares of ConocoPhillips are up +7.9% over the past year versus +10.4% for the Zacks Oil and Gas – Integrated – United States industry. The Company owns a majority of the acres in the Eagle Ford Shale, Permian Basin and Bakken Shale unconventional deposits. Significant opportunities exist for the Company in the Bakken Shale, where it has approximately 750 undrilled locations that could provide access to vast reserves.
ConocoPhillips forecasts its production in 2023 at 1.76-1.8 MMBoe/d, indicating an increase from 1.74 MMBoe/d last year. COP’s balance sheet is significantly less leveraged than the industry to which it belongs. The company also announced its planned $11 billion return of capital to shareholders in 2023.
However, ConocoPhillips is highly exposed to oil price fluctuations, making things challenging for the company. Also, the company has delivered a lower dividend yield than the industry in recent years. As such, the stock warrants a cautious stance.
(You can Read the full ConocoPhillips research report here >>>)
Other notable reports we feature today are Canadian Pacific Railway Ltd. and Intercontinental Exchange, Inc.
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NextEra Energy, Inc. (NEE): Free Stock Research Report
Intercontinental Exchange Inc. (ICE): Free Stock Research Report
ConocoPhillips (COP): Free Stock Research Report
Canadian Pacific Railway Limited (CP): Free Stock Research Report
AbbVie Inc. (ABBV): Free Stock Research Report
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