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Upgrades Downgrades, Stocks to Watch May 23
Monday, May 23, 2011 - 8:25am | 301Foot Locker, Inc. (FL) Great Report Thursday Night - FBR out this AM saying - target raised to $28 from $24 Newmont Mining Corporation (NEM) Gold miners see glimmers of hope, Barron's reports LinkedIn Corp (LNKD) Barron's: Already Tapped Out?-But it looks overvalued, after a jump from $45 at...
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Benzinga's Top Downgrades
Monday, May 23, 2011 - 8:23am | 139Analysts at Bank of America Merrill Lynch downgraded LM Ericsson Telephone Company (NASDAQ: ERIC) from “neutral” to “underperform.” ERIC's shares closed at $15.05 on Friday. Ericsson's PEG ratio is 1.72. Goldman Sachs downgraded Buckle Inc (NYSE: BKE) from “neutral” to “sell.” BKE's shares closed...
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Aeropostale 1Q In Line With Consensus, Below Original Guidance, Morgan Stanley Reports
Monday, May 23, 2011 - 8:17am | 61Aeropostale, Inc. (NYSE: ARO) reported 1Q EPS of $0.20, “in line with our estimate and consensus but well below original guidance of $0.35-0.38. Management guided 2Q EPS $0.11-0.16, below recently reduced MS and consensus estimates at $0.27 and $0.25,” Morgan Stanley reports. “The company did not...
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AnnTaylor 1Q11 Above Morgan Stanley Estimates
Monday, May 23, 2011 - 7:59am | 79AnnTaylor Stores Corp. (NYSE: ANN) reported 1Q EPS of $0.51, “above our estimate and consensus at $0.48. Sales (+9c) grew 3% ahead of guidance and our estimate on controlled SG&A expense (+1c),” Morgan Stanley reports. “Gross margin decreased 210 bps from a record rate LY, driving -7c downside...
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UPDATE: Wall Street Strategies Raising Price Target On Hot Topic
Monday, May 23, 2011 - 7:42am | 141Wall Street Strategies retail analyst Brian Sozzi is raising his price target on shares of Hot Topic Inc. (NASDAQ: HOTT) to $9 from $8, and it has a Buy rating on shares. In a note to clients, Sozzi writes, "The conference call from Hot Topic (HOTT) was music to our ears. As long-time followers of...
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Jefferies is "Optimistic" About Guess 1Q
Monday, May 23, 2011 - 7:12am | 96Jefferies reports that a key part of its investment thesis on shares of Guess (NYSE: GES) has been to “buy global growth names as these names have better revenue visibility and positive margin offsets.” “While this call has largely worked, GES remains one of just a few global consumer...
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UPDATE: China Sunergy Reports Weaker-Than-Expected Q1 Results
Monday, May 23, 2011 - 7:12am | 126China Sunergy Co Ltd (NASDAQ: CSUN) posted weaker-than-expected Q1 results on Monday. China Sunergy reported its quarterly net income at $3.5 million or, $0.09 per American depository share (ADS), down from $7.1 million, or $0.18 per ADS. Its revenue jumped 59% to $165.7 million. However, analysts...
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Goldman Sachs Raises PT On ANN To $30
Monday, May 23, 2011 - 6:23am | 27Goldman Sachs has raised the price target on ANN Inc. (NYSE: ANN) from $29 to $30 and maintains its Neutral rating.
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Goldman Sachs Upgrades Limited Brands To Neutral, Raises PT To $39
Monday, May 23, 2011 - 6:21am | 28Goldman Sachs has upgraded Limited brands (NYSE: LTD) from Sell to Neutral and has raised the price target from $27 to $39.
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Goldman Sachs Downgrades The Buckle To Sell, $35 PT
Monday, May 23, 2011 - 6:19am | 26Goldman Sachs has downgraded The Buckle (NYSE: BKE) from Neutral to Sell and has established a $35 price target.
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Deutsche Bank Upgrades The Gap To Hold, $18 PT
Monday, May 23, 2011 - 6:17am | 25Deutsche Bank has upgraded The Gap (NYSE: GPS) from Sell to Hold and maintains its $18 price target.
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Bank of America Raises PO On Foot Locker To $29
Monday, May 23, 2011 - 6:13am | 28Bank of America has raised the price objective on Foot Locker (NYSE: FL) from $25 to $29 and maintains its Buy rating.
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Earnings Highlights for the Week Ahead
Sunday, May 22, 2011 - 11:19am | 793This week, quarterly results are due from Campbell Soup (NYSE: CPB) and Polo Ralph Lauren (NYSE: RL), which are expected to report that earnings are lower than they were a year ago. From AutoZone (NYSE: AZO), Big Lots (NYSE: BIG), DSW (NYSE: DSW), H.J. Heinz (NYSE: HNZ), Hormel Foods (NYSE: HRL),...
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Identifying Lepidopterans 05-20-2011
Friday, May 20, 2011 - 6:13pm | 1021Cusick's Corner This market just feels like volatility is ready to pounce. While that statement is not very scientific, there are strategic approaches that can take advantage of that volatility. For example, take a look at butterfly spreads which are traditionally done with either all calls or...
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Is Volatility Back? 05-20-2011
Friday, May 20, 2011 - 2:45pm | 937Cusick's Corner This is expiration trade -- move on the open and then slither into the close with most traders covering their trades early. The market looks to be prepared to stay in a tight range, 1330-1336 on the June S&Ps, but if the bulls can break resistance of 1336, the squeeze could be...