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Put Buying in Abercrombie
Wednesday, January 6, 2010 - 11:47am | 169Abercrombie and Fitch (NASDAQ: ANF), hot retailer of recent years, may be seeing the full effects of the economy (and what people do when they don’t want $100 ripped jeans). The stock has been on a slow rise over the past six months, but many have been screaming from the rooftops about its rich p/...
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Strong Finish For Retail Sector, (M, BKE)
Wednesday, January 6, 2010 - 9:27am | 115Retailers were able to sell more merchandise without resorting to drastic discounts as many had to in late 2008 during the global financial crisis. Online retailers, jewelers and consumer electronics retailers witnessed sales gains last month. However, sales fell at apparel chains and department...
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American Eagle Outfitters Set To Soar (AEO)
Tuesday, January 5, 2010 - 2:29pm | 92American Eagle Outfitters (NYSE: AEO) was one of the few players in the specialty apparel industry that hit the jackpot during November. According to analysts at FBR Capital Markets, the company is an attractive buy as it is expected to continue product improvement and expand margins. The company...
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Winning Season For Retail Sector (AEO, ANF, BKE, GPS, GYMB)
Monday, January 4, 2010 - 2:05pm | 140Sushquehanna Financial Group provided an update for the retail companies including American Eagle Outfitters (NYSE: AEO), Abercrombie & Fitch (NYSE: ANF), The Buckle Inc. (NYSE: BKE), Gap Inc, (NYSE: GPS) and The Gymboree Corporation (NASDAQ: GYMB). The firm maintained a Positive rating for...
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Urban Outfitters Too Cool for this Valuation?
Wednesday, December 30, 2009 - 11:11am | 145Urban Outfitters (NASDAQ: URBN) has been on a terrific run since last march, bouncing off of a low of $13 and nearly tripling since then. Valuations may be becoming stretched as this growth story slows. The current multiple of 33x and forward multiple of 23x are not outrageous, but the run up in...
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Petrobras Buys Ethanol Plant Stake - Analyst Blog
Tuesday, December 29, 2009 - 5:04pm | 358Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced the purchase of interest in an ethanol plant for 150 million Brazilian reals ($84 million). The acquisition consists of a 40.4% stake in the Total Agroindustria Canavieira-owned ethanol mill located in the...
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Retailers Will Deliver This Holiday Season (JCG, KSS, PLCE)
Tuesday, December 29, 2009 - 3:48pm | 146Analysts at Stifel Nicolaus (NYSE: SF) believe that retailers will deliver this holiday season as promised. Analysts believe that thoughtful, well-planned promotional efforts along with tightly controlled inventory and reduced expenses will contribute to results better than last year for most...
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Retail Stocks Get A Boost (AEO, M, JCP)
Tuesday, December 29, 2009 - 3:14pm | 113With three shopping days still left in 2009, early figures on consumer spending are encouraging. In reaction to the positive news, there was a rise in some retail stocks on Monday. American Eagle Outfitters (NYSE: AEO) shares rose 3% to close at $16.80. Macy’s Inc. (NYSE: M) shares rose 19 cents...
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Can Aeropostale (ARO) Sustain Its EBIT Margin?
Tuesday, December 29, 2009 - 1:38pm | 76Longbow has reduced its price target for Aeropostale, Inc. (NYSE: ARO) from $48 to $42 but retained its Buy rating. Longbow noted that Aeropostale’s fundamentals remain intact and it can achieve continued comp gains and expansion of EBIT margins. However, it feels that there is less chance for...
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Duke Energy Settles with EPA - Analyst Blog
Tuesday, December 29, 2009 - 12:45pm | 485Duke Energy Corporation (DUK) has reached a settlement with the U.S. Environmental Protection Agency, and the U.S. Department of Justice on a lawsuit pertaining to a clean air violation at Duke Energy’s coal-fired power Gallagher plant in southern Indiana. Duke Energy will spend about $93 million...
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FINL Beats 3Q10 Expectations
Tuesday, December 29, 2009 - 10:12am | 118Analysts at Sterne Agee upgrade Finish Line Inc (NASDAQ: FINL) to "buy," while raising their estimates for the company. The target price for FINL is set to $14. Finish Line reported its 3Q10 results significantly ahead of the estimates, with positive comps at both the soft goods and the footwear...
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HOTT’s Traffic and Conversion Rates Improve
Tuesday, December 29, 2009 - 10:10am | 136Analysts at B Riley & Co upgrade Hot Topic Inc (NASDAQ: HOTT) from "sell" to "buy." The target price for HOTT is set to $8.30. According to B Riley & Co, Hot Topic’s traffic and conversion rates were stronger during December, as compared to other teen retailers. HOTT witnessed a significant...
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Two Retailers Upgraded Today (HOTT), (FINL)
Monday, December 28, 2009 - 3:34pm | 90Specialty retailer Hot Topic, Inc. (NASDAQ: HOTT) was upgraded today from neutral to buy at B. Riley & Co. The shares are trading 3.22% higher to $6.41 on the Nasdaq exchange. Finish Line , Inc. (NASDAQ: FINL) was upgraded from neutral to buy at Sterne Agee. Finish Line is a mall-based...
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Actuate Corporation, RAM Energy Resources & The Finish Line Upgraded Today
Monday, December 28, 2009 - 10:17am | 184Actuate Corporation (NASDAQ: ACTU) was today upgraded by Roth Capital from Hold to Buy with a price target of $5.50. Actuate Corporation has increased 9.48% to $4.39 in the pre-market session. The 52-week trading range for ACTU is $2.61 - $6.18. ACTU closed at $4.01 in the previous trading session...
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Specialty Apparel Retailers Expected To Shine (CHS, GAP, PSUN)
Monday, December 28, 2009 - 9:58am | 157Analysts at FBR Capital Markets expect specialty retailers to outperform the market in the coming year. Chico’s Inc (NYSE: CHS) has been assigned an outperform rating. Chico’s Inc, as on December 26, ended its offers of 20% off on entire purchases online and 25% off on purchases in stores as...