Wells Fargo Underestimated These 10 Companies

In a new report, analysts at Wells Fargo took a closer look at companies within their coverage universe and decided to raise 2015 earnings estimates for 10 names. Here’s a breakdown of the changes they made.

Philip Morris International Inc PM
Analysts raised 2015 EPS estimates from $4.24 to $4.43 and see recovery in the company’s European business on track.

Unilever NV UN
Analysts raised 2015 EPS estimates from €1.79 to €1.87 on higher sales predictions and growing forex flow through.

BlackRock Inc BLK
Analysts raised 2015 EPS estimates from $19.85 to $20.40 on strong growth expectations.

First Republic Bank FRC
Analysts raised 2015 EPS estimates from $2.92 to $3.02 on the strength of record-level Q1 originations.

Private Bancorp Inc PVTB
Analysts raised 2015 EPS estimates from $2.10 to $2.15 in anticipation of the benefits of higher rates.

The Goldman Sachs Group Inc GS
Analysts raised 2015 EPS estimates from $17.50 to $18.50 on the strength of the company’s Q1 numbers and the increasing clarity of the post-crisis “new normal.”

AutoNation Inc AN
Analysts raised 2015 EPS estimates from $3.90 to $3.93 on strong auto sales and favorable truck mix so far this year.

Sonoco Products Co SON
Analysts raised 2015 EPS estimates from $2.60 to $2.62 on strong growth projections.

International Game Technology PLC IGT
Analysts raised 2015 EPS estimates from $0.90 to $1.92 on the strength of the company’s free cash flow generation, favorable industry position and product diversification.

Alliance Data Systems Corp ADS
Analysts raised 2015 EPS estimates from $14.92 to $14.94 on the strength of Q1 earnings and upward revisions in the company’s latest guidance for the remainder of 2015.