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J. Crew Group, Inc.’s (JCG) Price Target Raised
Wednesday, March 10, 2010 - 4:45pm | 117MKM Partners has raised the price target for J. Crew Group, Inc. (NYSE: JCG) from $52 to $56. The price target has been raised due to an increase in the EPS estimate for 2011. The new price target is based on a multiple of 20x the 2011 EPS estimate of $2.75. The previous EPS estimate for 2011 was...
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Collective Brands, Inc. (PSS) Downgraded To Neutral
Wednesday, March 10, 2010 - 4:39pm | 114MKM Partners has downgraded Collective Brands, Inc. (NYSE: PSS) from a Buy to a Neutral rating. The stock has been downgraded as it has moved closer to the price target of $25 set by MKM Partners. Collective Brands, Inc. reported results for the fourth-quarter on Tuesday. The company reported...
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Benzinga’s Top Downgrades (DKS, XL, AVAV, PSS, BCS)
Wednesday, March 10, 2010 - 2:34pm | 260Dick's Sporting Goods Inc (NYSE: DKS) was downgraded by Sterne Agee from “buy” to “neutral.” DKS’ stock had gained 1.02% to $25.71 by 12:19 a.m. DKS has a 52-week trading range of $10.26 - $26.28. Read more about this company here. Janney Mntgmy Scott downgraded XL Capital Ltd (NYSE: XL) from “buy...
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American Eagle Outfitters Inc. (AEO) Gains Following Robust Q4 Performance
Wednesday, March 10, 2010 - 1:47pm | 128American Eagle Outfitters Inc.'s (NYSE: AEO) Q4 earnings for fiscal soared 81% as both sales and margins improved, and the teen and young-adult clothing retailer saw a major impact of the improved demand from teen and young adults apparel clothing. The same led to a 5.8% gain in stock price of...
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American Eagle (AEO) Reports Sharp Increase In Q4 Profits And Strong Outlook
Wednesday, March 10, 2010 - 1:44pm | 123American Eagle Outfitters Co. (NYSE: AEO) shares jumped 8% in early trading, as it reported a Q4 net income of $59.3 million (29 cents per share), an increase of 81.3% from $32.7 million (16 cents per share), a year earlier. Adjusted profit of 33 cents per share was in-line with analysts’...
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J. Crew Group, Inc. (JCG) Maintains An Outperform Rating
Wednesday, March 10, 2010 - 12:28pm | 108Analysts Adrienne Tennant and Simeon Siegel at FBR Capital Markets have released an update on J. Crew Group, Inc. (NYSE: JCG). The company reported results for the fourth-quarter on Tuesday. J. Crew Group reported EPS of $0.61 for the fourth-quarter, ahead of the consensus estimate of $0.46. The...
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JCG Posted Strong Q4 Results
Wednesday, March 10, 2010 - 10:30am | 63Analysts at BMO Capital Markets reiterate their "outperform" rating on J Crew (NYSE: JCG). The target price for JCG has been raised from $50 to $55. According to BMO Capital Markets, JCG had reported better than expected Q4 EPS. JCG’s shares closed at $46.99 yesterday. More Analyst Ratings here
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Company News for March 10, 2010 - Corporate Summary
Wednesday, March 10, 2010 - 10:28am | 189• Facet Biotech (NASDAQ:FACT) agreed to its purchase by Abbott Labs (NYSE:ABT) for $722 million or $27 per share. • American Eagle Outfitters (NYSE:AEO) announced plans to shutter all 28 Martin & Osa stores. The company is due to report results today, with fourth quarter earnings of 33 cents...
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Children’s Place Retail Stores, Inc. (PLCE) Reports Fourth-Quarter Results
Wednesday, March 10, 2010 - 10:26am | 96Children’s Place Retail Stores, Inc. (NASDAQ: PLCE) has reported results for the fourth-quarter. The company posted profit of $34.1 million, or $1.23 per share for the quarter, compared to a profit of $38.8 million, or $1.31 per share reported for the same period last year. Excluding special items...
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PSS Downgraded To Neutral
Wednesday, March 10, 2010 - 10:21am | 38Analysts at MKM Partners downgrade Collective Brands (NYSE: PSS) from "buy" to "neutral." PSS’ stock closed at $23.99 yesterday. More Analyst Ratings here
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Benzinga’s Top Pre-Market Losers (PSS, NAV, AVAV, RMIX, SLXP)
Wednesday, March 10, 2010 - 9:50am | 285Collective Brands Inc. (NYSE: PSS) decreased 4.96% to $22.80 in the pre-market session. The 52-week trading range for PSS is $7.11 - $24.31. PSS has gained over 38% in the last six months. Collective Brands closed at $23.99 yesterday. Navistar International Corporation (NYSE: NAV) tumbled 6.37% to...
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Benzinga’s Top Pre-Market Gainers (AEO, FACT, ITMN, CYTK)
Wednesday, March 10, 2010 - 9:31am | 311American Eagle Outfitters (NYSE: AEO) increased 6.71% to $18.30 in the pre-market session. American Eagle Outfitters announced yesterday that after an extensive evaluation and review of strategic alternatives, it plans to close its MARTIN+OSA concept, including all 28 stores and the online business...
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Benzinga’s News Roundup (PLCE, ABT, RMIX, CVX)
Wednesday, March 10, 2010 - 9:14am | 294Children's Place Retail Stores, Inc. (NASDAQ: PLCE) reported today a fourth-quarter net income of $34.1 million, or $1.23 per share, as compared to $38.8 million, or $1.31 per share, for the same quarter last year. Revenue increased to $462.8 million from $441.5 million in the year ago period....
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"Mad Money:" Cramer Lists AXP, XOM, IBM, KO, PFE, MSFT, T, AA As Laggards
Wednesday, March 10, 2010 - 8:26am | 551In his "Mad Money" TV show, Jim Cramer said that the markets would be able to breach the highs reached in January only if “laggards start pulling their own weight.” Cramer listed 10 worst performers in the Dow Jones Industrial Average, starting from American Express (NYSE: AXP), which has lost 2%...
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Mad Money Lightning Round: Jim Recommends JCG, RRC, ADSK, UPS, WEN, CMG, DLM, GLD, AEM, AMSC Over SLW, IMAX, WEN, QCOM And EXPD
Wednesday, March 10, 2010 - 8:12am | 394During the "Mad Money Lightning Round," Jim Cramer said that the performance of J Crew (NYSE: JCG) was impressive and its stock should be bought into if there is any weakness. Jim thinks that Range Resources (NYSE: RRC) is a natural takeover target and should be bought at first instance. He...