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Piper Jaffray Reiterates OW Rating on Abercrombie & Fitch
Thursday, May 19, 2011 - 7:37am | 118Piper Jaffray is reiterating its Overweight rating on Abercrombie & Fitch Co. (NYSE: ANF) shares following the company's strong FQ1 results. “EPS of $0.28 far exceeded PJC's estimate of $0.08 and consensus estimates of $0.12,” Piper Jaffray writes. “The large beat came from 230bps of gross...
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Wedbush Raises PT On Abercrombie & Fitch To $82
Thursday, May 19, 2011 - 7:31am | 27Wedbush Securities has raised the price target on Abercrombie & Fitch (NYSE: ANF) from $68 to $82 and maintains its Neutral rating.
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A Peek Into The Market Before The Trading Starts
Thursday, May 19, 2011 - 7:30am | 401Pre-open movers US stock futures are higher this morning, as investors are awaiting data on weekly jobless numbers, existing home sales and leading indicators. Futures on the Dow Jones Industrial Average surged 40 points to 12,572.00 and futures on the S&P 500 stock index rose 4.70 points to 1,...
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Piper Jaffray Slightly Raises PT To $45 On LTD
Thursday, May 19, 2011 - 7:21am | 145Piper Jaffray is raising its price target on Limited Brands Inc. (NYSE: LTD) from $44 to $45 following the company's FQ1 report. According to Piper Jaffray, “We are reiterating our Overweight rating on LTD shares following the company's FQ1 earnings results in which FY12 EPS was raised to $2.25-$...
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JP Morgan Raises PT On Abercrombie & Fitch To $85
Thursday, May 19, 2011 - 6:57am | 27JP Morgan has raised the price target on Abercrombie & Fitch (NYSE: ANF) from $76 to $85 and maintains its Neutral rating.
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UPDATE: Stage Stores Posts Q1 Loss, Lowers 2011 Projections
Thursday, May 19, 2011 - 6:53am | 123Stage Stores Inc (NYSE: SSI) swung to a first-quarter loss from a year-earlier profit. Stage Stores posted a quarterly loss of $461,000, or $0.01 per share, versus a profit of $2.2 million, or $0.06 per share, in the year-earlier period. Its net sales increased 1.9% to $346,483 from $340,042....
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Deutsche Bank Raises PT On Abercrombie & Fitch To $71
Thursday, May 19, 2011 - 6:48am | 27Deutsche Bank has raised the price target on Abercrombie & Fitch (NYSE: ANF) from $70 to $71 and maintains its Hold rating.
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US Stock Futures Slightly Up As Investors Await Economic Data
Thursday, May 19, 2011 - 6:24am | 596US stock futures are slightly higher this morning, as investors are awaiting data on weekly jobless numbers, existing home sales and leading indicators. Futures on the Dow Jones Industrial Average surged 14 points to 12,546.00 and futures on the S&P 500 stock index rose 1.40 points to 1,340.00...
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Crude Run Response to Canadian Wildfires 05-18-2011
Wednesday, May 18, 2011 - 6:34pm | 927Cusick's Corner Equities and commodities bounced into the afternoon but I'm skeptical of this move with the Buck firming and the Euro unable to break out with the market. Now the crude run is more of a fearful response to the wildfires in Canada that may cause a potential slowdown in oil sands-...
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Steve Grasso Thinks Abercrombie Is Overbought
Wednesday, May 18, 2011 - 12:41pm | 82CNBC contributor Steve Grasso thinks that the sharp move that Abercrombie & Fitch (NYSE: ANF) shares have had may lead to an overbought situation, and he would be looking to short the name. Grasso thinks the move from $49 to around $75, where shares are currently trading, has been overdone....
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NASDAQ Stocks Hitting 52-Week Highs (NLCI, DELL, IPAR, JOSB)
Wednesday, May 18, 2011 - 10:08am | 146Nobel Learning Communities Inc (NASDAQ: NLCI) shares surged 33.45% to create a new 52-week high of $11.53. NLCI agreed to be purchased by Leeds Equity Partners for $11.75 per share in cash. Dell Inc (NASDAQ: DELL) shares jumped 6.10% to create a new 52-week high of $16.87. DELL reported upbeat...
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Morning Market Losers (CWTR, CTRN, TA, CLDX)
Wednesday, May 18, 2011 - 9:53am | 113Coldwater Creek Inc (NASDAQ: CWTR) shares moved down 21.92% to $2.28 at 9:52 am. CWTR issued downbeat Q1 projections. Citi Trends Inc (NASDAQ: CTRN) fell 20.18% to $17.09. CTRN reported downbeat Q1 results. TravelCenters of America LLC (AMEX: TA) dipped 14.89% to $6.40. TA initiated a public...
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Abercrombie & Fitch Sexier This Morning As It Beats Estimates
Wednesday, May 18, 2011 - 9:14am | 244Abercrombie & Fitch Co. (NYSE: ANF) beat Wall Street earnings estimates, thanks in large part to increasing profit margins and international product offerings. Shares have risen 91% over the past year, and were up another 3.9% in pre-market on the earnings beat, as the company has continued to...
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Earnings Roundup For May 18 (SPLS, CTRN, DE, BJ, TGT, IAPLY, CHS, ANF, LSGOF, SODA, BRC, EXPGF)
Wednesday, May 18, 2011 - 8:35am | 733Staples Inc (NASDAQ: SPLS) reported downbeat first-quarter results and lowered its profit projections for the year. The group's net profit surged 5% to $198.2 million, or $0.28 per share, from $188.8 million, or $0.26 per share, in the year-earlier period. Its revenue increased 1.9% to $6.17...
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Morgan Stanley Maintains Equal-Weight on TJX Companies (TJX)
Wednesday, May 18, 2011 - 8:33am | 166Morgan Stanley is out with its report today on TJX Companies (NYSE: TJX), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "We believe the share price will rise relative to the industry over the next 60 days. This is because the stock has traded off recently, making short...