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Jefferies & Company Reports on Aeropostale
Friday, May 20, 2011 - 8:10am | 107Jefferies & Company commented on Aeropostale (NYSE: ARO) in a report released earlier today. In the report, Jefferies was negative in its assessment of the company. Jefferies writes, "ARO's 1Q results showed a significant deceleration in fundamentals with sales and margins both down...
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Piper Jaffray Raises PT On ZUMZ To $34
Friday, May 20, 2011 - 8:08am | 137Piper Jaffray, citing another great quarter from the company, has raised its price target from $33 to $34 on Zumiez (NASDAQ: ZUMZ). In the report, Piper Jaffray writes, “Last night, Zumiez reported another very strong quarter with EPS $.04/share ahead of consensus driven by stronger than...
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Update: Piper Jaffray Downgrading Gap
Friday, May 20, 2011 - 7:52am | 149Piper Jaffray is downgrading shares of Gap, Inc. (NYSE: GPS) to Neutral from Overweight, and is lowering the price target to $25 from $19. In a note to clients, Piper Jaffray writes, "We are downgrading shares of Gap from Overweight to Neutral as rising product costs will have a significantly...
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Piper Jaffray Raises PT On Zumiez To $34
Friday, May 20, 2011 - 7:50am | 26Piper Jaffray has raised the price target on Zumiez (NASDAQ: ZUMZ) from $33 to $34 and maintains its Overweight rating.
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Piper Jaffray Raises PT On Wet Seal To $6
Friday, May 20, 2011 - 7:49am | 27Piper Jaffray has raised the price target on Wet Seal (NASDAQ: WTSLA) from $5 to $6 and maintains its Overweight rating.
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ANN INC Q1 Comparable Store Sales up 7.8%
Friday, May 20, 2011 - 7:47am | 86ANN INC. (NYSE: ANN) comparable sales for the quarter increased 7.8% versus the first quarter of 2010. At Ann Taylor, total brand comparable sales increased 15.3%, reflecting increases of 13.7% at Ann Taylor stores, 43.1% in the Ann Taylor e-commerce channel and 9.2% in the Ann Taylor Factory...
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UPDATE: Deutsche Bank Lowers PT on Gap to $18
Friday, May 20, 2011 - 7:44am | 133Deutsche Bank is out with its report today on Gap (NYSE: GPS), lowering its PT from $19 to $18. In a note to clients, Deutsche Bank writes, "We believe that Gap Inc's FY11 EPS plan reduction to $1.40-$1.50 from $1.88-$1.93 is capitulation that the company can not currently produce product for...
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Bank of America Merrill Lynch Maintains Neutral On Gap
Friday, May 20, 2011 - 7:39am | 137Bank of America Merrill Lynch has a Neutral rating and a $23 price target on shares of The Gap (NYSE: GPS) after the company reported earnings. In a note to clients, Bank of America writes, "Gap reported 1Q EPS of $0.40, a penny ahead of recent guidance and our estimate, but the company cut F2011...
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UPDATE: Goldman Sachs Lowers PT on Gap to $17
Friday, May 20, 2011 - 7:36am | 83Goldman Sachs is out with its report today on Gap (NYSE: GPS), lowering its PT from $20 to $17. In a note to clients, Goldman Sachs writes, "We further lower our margin estimates, taking our 2011/12/13 EPS to $1.44/1.45/1.53 from $1.71/$1.73/1.83. We also lower our 6-month target to $17 from $20 (...
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Citigroup Lowers PT On Aeropostale To $22
Friday, May 20, 2011 - 7:31am | 25Citigroup has lowered the price target on Aeropostale (NYSE: ARO) from $24 to $22 and maintains its Hold rating.
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A Peek Into The Market Before The Trading Starts
Friday, May 20, 2011 - 7:29am | 401Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 31 points to 12,560.00 and futures on the S&P 500 stock index fell 3.70 points to 1,338.00. Nasdaq 100 futures dropped 6.25 points to 2,362.75. A Peek Into Global Markets Asian...
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Update: Jefferies Lowering Price Target On Gap
Friday, May 20, 2011 - 7:29am | 125Jefferies & Co. is lowering the price target on shares of The Gap, Inc. (NYSE: GPS) to $18, and is reiterating its Hold rating on shares after the company reported earnings. In a note to clients, Jefferies writes, "GPS reported 1Q EPS of 40c, slightly above JEF/Cons 38c/39c. However, the key...
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UPDATE: Jefferies Lowers PT on The Gap to $18
Friday, May 20, 2011 - 7:27am | 122Jefferies is out with its report today on The Gap (NYSE: GPS), lowering its PT from $20 to $18. In a note to clients, Jefferies writes, "GPS reported 1Q EPS of 40c, slightly above JEF/Cons 38c/39c. However, the key issue here is the 2H outlook, which is significantly worse than expected due to a...
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Bank Of America Lowers PT On ARO To $22
Friday, May 20, 2011 - 7:22am | 154Bank of America has lowered its price target on Aeropostale Inc. (NYSE: ARO) to $22 following weak 1Q results. According to Bank of America, “Aeropostale reported 1Q11 EPS of $0.20, which was in line with our recently lowered estimate and consensus. Guidance for 2Q11 of $0.11-0.16 is significantly...
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UPDATE: Goldman Sachs Lowers PT on Aeropostale to $18
Friday, May 20, 2011 - 7:17am | 82Goldman Sachs is out with its report today on Aeropostale (NYSE: ARO), lowering its PT from $20 to $18. In a note to clients, Goldman Sachs writes, "Based on lower sales and margins, we lower our 2011/2012/2013 EPS to $1.57/1.87/2.13 from $1.83/2.11/2.36. Based on lower forecasts, we lower our 6-...