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Wedbush Lowers Aeropostale PT to $19, Maintains Neutral
Wednesday, July 6, 2011 - 12:50pm | 104Wedbush lowered its Aeropostale (NYSE: ARO) price target from $20 to $19 in and maintained its Aeropostale Neutral rating in a research report published today. In the report, Wedbush states, "While we believe our Q2 forecasts have appropriately reflected the intense competitive landscape and mixed...
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Call Volume Pops on The Gap
Wednesday, July 6, 2011 - 10:10am | 121Shares of The Gap, Inc. (NYSE: GPS) are trading higher on the session by 0.28%, at $18.22. While the stock has been consolidating for the past two months, following a sharp move lower in mid-May, options traders are turning bullish on the name. Early in the session the July $19.00 strike trade 2,...
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Not Done Yet
Tuesday, July 5, 2011 - 3:24pm | 217Thought the era of $100 torn t-shirts was over? Apparently not… Shares of Abercrombie & Fitch Co. (NYSE: ANF) are popping today, currently higher by 3.75%, trading at $71.30. The stock has been under pressure for the past two months, falling from a high of $77.65, which is touched back in...
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What's Hot On TheStreet
Tuesday, July 5, 2011 - 1:13pm | 300Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 10 Cheap Vacation Splurges Vacations can make us feel rich simply because what we're doing for a week or two is what we might actually be doing if we didn't have to work. But there are plenty of ways to feel...
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Options Brief: Hot Topic, Inc.
Tuesday, July 5, 2011 - 10:19am | 77Shares of Hot Topic, Inc. (NASDAQ: HOTT) are lower on the session by 0.92%, trading at $7.54. Overall call volume is now running at 31.25x the daily average, with 3% of all calls traded being purchases on the offer. 1,500 contracts have traded on the session so far. Hot Topic, Inc. is a mall and...
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Wedbush Maintains Outperform Rating On bebe stores
Tuesday, July 5, 2011 - 9:30am | 111According to Wedbush, bebe stores (NASDAQ: BEBE) shares are poised for appreciation as it expects the company's first positive quarterly same-store sales results in 4 years to support our thesis that a turnaround is underway. Wedbush said that checks during the June quarter suggest traffic...
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UPDATE: Wedbush Lowers PT on Gap to $18
Tuesday, July 5, 2011 - 9:24am | 72Wedbush is out with its report today on Gap (NYSE: GPS), lowering its PT from $19 to $18. In a note to clients, Wedbush writes, "Our new $18 price target is derived by applying a discounted multiple of 11x (vs. GPS' 5-year historical average of ~14x) to our new F12 EPS estimate of $1.60, given...
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Wedbush Neutral On Zumiez
Tuesday, July 5, 2011 - 9:17am | 152Wedbush has a Neutral rating and a $28 price target on shares of Zumiez (NASDAQ: ZUMZ). In a note to clients, Wedbush writes, "Following softer May sales results, we look for June comparable-store sales of +5-7% vs. +10.9% LY to deliver slight upside to consensus estimate of +5.3% and demonstrate...
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Wedbush Lowers PT On Gap To $18
Tuesday, July 5, 2011 - 7:57am | 27Wedbush Securities has lowered the price target on Gap Stores (NYSE: GPS) from $19 to $18 and maintains its Neutral rating.
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UPDATE: J.P. Morgan Raises PT on Men's Wearhouse to $38
Tuesday, July 5, 2011 - 7:47am | 136J.P. Morgan is out with its report today on Men's Wearhouse (NYSE: MW), raising its PT from $36 to $38. In a note to clients, J.P. Morgan writes, "We recently held meetings in NYC with newly appointed CEO, Doug Ewert and CFO, Neil Davis. While shares have been on a tear the past two months (up 27...
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Citi Provides Color on Retailing
Tuesday, July 5, 2011 - 7:28am | 106Citi provides color on retailing. In a research report published today, Citi stressed it estimates that Ross Stores (NASDAQ: ROST) will continue to outperform the TJX Companies (NYSE: TJX). In the report, Citi states, “We expect TJX to again underperform ROST for the month. We are forecasting a +...
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JP Morgan Raises PT On Men's Warehouse To $38
Tuesday, July 5, 2011 - 7:03am | 27JP Morgan has raised the price target on Men's Wearhouse (NYSE: MW) from $36 to $38 and maintains its Overweight rating.
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Sterne Agee Maintains Neutral on Christopher & Banks
Friday, July 1, 2011 - 8:54am | 85Sterne Agee is out with its report today on Christopher & Banks (NYSE: CBK), maintaining Neutral. In a note to clients, Sterne Agee writes, "We continue to rate CBK Neutral with a $7 target based upon 0.5x FY13 sales with its historic average price to sales at 0.8x. CBK ended Q1 with cash and...
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Piper Jaffray Reiterates Neutral on Christopher & Banks
Friday, July 1, 2011 - 7:46am | 136Piper Jaffray is out with its report today on Christopher & Banks (NYSE: CBK), reiterating Neutral. In a note to clients, Piper Jaffray writes, "We are reiterating our Neutral rating on CBK shares following the company's FQ1 earnings report in which management guided to flat to slightly...
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Piper Jaffray Reiterates Overweight and PT of $52 on Guess?
Thursday, June 30, 2011 - 9:47am | 48Piper Jaffray reiterated its Overweight rating on Guess? (NYSE: GES). At the same time, the rating agency decided to leave its price target on the company's stock unchanged at $52. In today's trading, Guess added 1.62% to its value to stand around $42.61.