3 Analysts Reiterate Buy Rating on Splunk

Here are today's top Wall Street analyst ratings where finbox.io's unbiased fair value estimates support the recommendation.

Aegis initiated coverage on Globus Medical (NYSE:GMED) at Buy and set a $31 price target. Ten valuation models conclude an intrinsic value closer to $28 per share which still implies over 25% upside.
<img src='http://res.cloudinary.com/finbox/image/upload/v1480532093/1_-_GMED_ysvdpo.jpg' alt= ‘GMED finbox.io fair value estimate’>
Wells Fargo reiterated Kroger (NYSE:KR) at Outperform and set a $37.50 target. Finbox.io's fair value estimate is even higher at approximately $40 per share.
<img src='http://res.cloudinary.com/finbox/image/upload/v1480532096/2_-_KR_qfx8li.jpg' alt= ‘KR finbox.io fair value estimate’>
Jefferies Group, Wedbush and Pacific Crest all reiterated their Buy rating on Splunk (Nasdaq:SPLK). The company's fundamentals support the ratings. Shares currently have 18% margin of safety.<img src='http://res.cloudinary.com/finbox/image/upload/v1480532094/3_-_SPLK_guncan.jpg' alt= ‘SPLK finbox.io fair value estimate’>

Northcoast Research downgraded Abaxis (Nasdaq:ABAX) from Buy to Neutral. Shares are currently trading at a large premium.
<img src='http://res.cloudinary.com/finbox/image/upload/v1480532096/4_-_ABAX_yfkpny.jpg' alt= ‘ABAX finbox.io fair value estimate’>
US Capital Advisors downgraded South Jersey Industries (NYSE:SJI) from Buy to Hold. Nine free cash flow models imply the stock is 24% overvalued.
<img src='http://res.cloudinary.com/finbox/image/upload/v1480532097/5_-_SJI_s6c9uj.jpg' alt= ‘SJI finbox.io fair value estimate’>
Berenberg Bank downgraded Freeport-McMoRan (NYSE:FCX) from Hold to Sell along with a $10.90 price target. Fundamentals support the rating change.
<img src='http://res.cloudinary.com/finbox/image/upload/v1480532098/6_-_FCX_ruf3xm.jpg' alt= ‘FCX finbox.io fair value estimate’>