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Wells Fargo Upgrading Gap To Outperform (GPS)
Tuesday, August 31, 2010 - 8:51am | 138Wells Fargo Securities is upgrading shares of The Gap Inc. (NYSE: GPS) to Outperform from Market Perform, and a price target of $20-$22. In a note to clients, Wells Fargo writes, "Upgrading GPS to Outperform from Market Perform. At 9x PE and 3.7x EV/EBITDA (trough valuation vs. history), with the...
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Piper Jaffray Downgrading Ross Stores To Neutral (ROST)
Tuesday, August 31, 2010 - 7:16am | 174Piper Jaffray is cutting its rating on shares of Ross Stores, Inc. (NASDAQ: ROST) to Neutral from Overweight, and lowering its price target to $52 from $61. This comes from concerns of a tough environment. In a note to clients, Piper Jaffray writes, "We are downgrading ROST to Neutral as price...
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Wells Fargo Ups GPS To Outperform
Tuesday, August 31, 2010 - 6:38am | 43Analysts at Wells Fargo Securities upgrade The Gap Inc (NYSE: GPS) from "market perform" to "outperform." GPS’ shares fell 0.76% to close at $16.90 yesterday. More Analyst Ratings here
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BMO Capital Upgrades ANF To Outperform
Tuesday, August 31, 2010 - 6:33am | 52Analysts at BMO Capital Markets upgrade Abercrombie & Fitch Co (NYSE: ANF) from "market perform" to "outperform." The target price for ANF is set to $43. ANF’s shares fell 2.64% to close at $35.04 yesterday. More Analyst Ratings here
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AES Adds 16MW Capacity in Turkey - Analyst Blog
Monday, August 30, 2010 - 5:54pm | 462The AES Corporation (AES) began commercial operations at the 16 megawatt (MW) Damlapinar hydro power facility in Turkey. This facility, located on the Goksu River in Karaman, Turkey, is owned and operated by AES-IC Ictas Energy (AES-IC), a joint venture. AES Corp. has a 51% stake in the joint...
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Toyota Motor (TM) “stalls” amid continued recall news
Monday, August 30, 2010 - 1:40pm | 1691The recall drama isn’t over for Toyota Motor (NYSE:TM), which last week announced the recall of 1.1 million 2008 Corolla and Matrix vehicles, citing engine control troubles. The potential flaw may result in stalling, which is ironic given that the automaker’s recent high-profile recall dealt with...
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How To Play DSW’s Earnings (DSW)
Monday, August 30, 2010 - 12:50pm | 317Shares of DSW Inc. (NYSE: DSW) are higher on the session by 0.16%, currently trading at $24.36. The company is scheduled to report earnings tomorrow before the bell. For a full earnings preview, including technical breakdown, earnings estimates, whisper number, and volatility skew, please click...
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Second Solar Deal for Sempra - Analyst Blog
Monday, August 30, 2010 - 12:45pm | 380Sempra Energy (SRE), through one of its subsidiary San Diego Gas & Electric (SDG&E), has signed a 20-year power purchase agreement (PPA) with LS Power to secure additional 45 megawatts (MW) of solar energy from the upcoming Centinela Solar Energy facility. The contract, valid till 2034,...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, August 30, 2010 - 8:34am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aaron's, Inc (AAN) Acorn International, Inc (ATV) Aeropostale, Inc (ARO) AMB Property Corp (AMB) Arrow Financial Corp (AROW) View the entire Zacks #5 Rank List. AARONS INC (AAN): Free Stock Analysis Report AMB...
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Company News for August 27, 2010 - Corporate Summary
Friday, August 27, 2010 - 6:33pm | 631• Toyota (NYSE: TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems • H-P (NYSE: HPQ) sweetened its 3Par (NYSE: PAR) bid, which was followed this morning with Dell's (NASDAQ: DELL) matching the $27 per share bid • Tiffany (NYSE: TIF) posted second-quarter...
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Zacks Releases Four Powerful ''Buy'' Stocks: Federal-Mogul, TransMontaigne Partners L.P, 99c Only Stores and The Finish Line - Press Releases
Friday, August 27, 2010 - 2:36pm | 1335For Immediate Release Chicago, IL – August 27, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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Coldwater Creek rated as Neutral by Sterne (CWTR)
Friday, August 27, 2010 - 11:58am | 120Sterne, Agee & Leach released a research report that continues to rate Coldwater Ceek (NASDAQ: CWTR) as neutral, with a $7 price target. Coldwater Creek, an apparel retailer focusing on female consumers over 35, has worked on refreshing its brand and reducing the number of days it has...
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J.Crew, Tiffany Lead Retail Lower (JCG, TIF)
Friday, August 27, 2010 - 11:00am | 152Retail stocks are lower today after disappointing outlooks from both J. Crew (NYSE: JCG) and Tiffany & Co. (NYSE: TIF). Tiffany reported revenues for its second quarter that missed expectations, citing weaker demand for lower-priced jewelry. The company did raise its full-year profit outlook by...
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News Summary (INTC, TIF, JCG, BEBE, AMR, DAL, CAL, ALK, LUV)
Friday, August 27, 2010 - 10:56am | 235Intel Corp (NASDAQ: INTC) has lowered its revenue projections for the third quarter to reflect the weaker-than-expected demand for consumer PCs "in mature markets." The company is now expecting the sales of $11 billion, plus or minus $200 million, down from the earlier range of $11.2 billion and $...
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URBN’s Investments, Footage Growth To Limit Expense Leverage In 2H
Friday, August 27, 2010 - 9:52am | 290Analysts at JP Morgan reiterate their "overweight" rating on Urban Outfitters Inc (NASDAQ: URBN). The target price for URBN is set to $38. JP Morgan mentions, “Within the quarter, comps were positive every month, the strongest in June followed by July. On a stacked basis, July was the strongest,...