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Benzinga's Top Pre-Market NASDAQ Losers (CWTR, SPLS, CLDX, ARMH)
Wednesday, May 18, 2011 - 8:21am | 127Coldwater Creek Inc (NASDAQ: CWTR) dipped 21.23% to $2.30 in the pre-market session. CWTR issued downbeat Q1 projections. Staples Inc (NASDAQ: SPLS) fell 12.47% to $17.20 in the pre-market session. SPLS reported downbeat first-quarter results and lowered its profit projections for the year....
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Sterne Agee Reiterates Buy Rating On Genesco
Wednesday, May 18, 2011 - 8:12am | 130According to Sterne Agee, Genesco (NYSE: GCO) Buy rating is reiterated. Sterne Agee said that it is forecasting 1Q12 EPS of $0.46 versus $0.42 LY and FC of $0.48. “We expect consolidated SSS of +5.1% (versus 5.0% LY). GCO gave FY12 guidance of EPS +12-15% or $2.78-$2.85; SSS+3% and total sales +8-...
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UPDATE: Abercrombie & Fitch Swings To Q1 Profit; Shares Surge In Pre-Market Trading
Wednesday, May 18, 2011 - 7:58am | 107Abercrombie & Fitch Co (NYSE: ANF) swung to a FQ1 profit, from a loss in the year-ago period. The company reported its quarterly profit at $25.1 million, or $0.28 per share, versus a loss of $11.8 million, or $0.13 per share, in the year-earlier period. Its sales surged 22% to $836.7 million...
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UPDATE: Piper Jaffray Lowering Price Target On Coldwater Creek Inc. (CWTR)
Wednesday, May 18, 2011 - 7:51am | 136Piper Jaffray is lowering its price target on shares of Coldwater Creek Inc. (NASDAQ: CWTR) to $2 from $3 after the company lowered its earnings outlook. It has a Neutral rating on shares. In a note to investors, Piper Jaffray writes, "We are lowering our EPS estimate for FQ1 following Coldwater...
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Morgan Stanley Maintains Equal-weight Rating on TJX Companies
Wednesday, May 18, 2011 - 7:44am | 72Morgan Stanley is maintaining its EW rating on The TJX Companies, Inc. (NYSE: TJX). “TJX raised the lower end of 2011 guidance (though high end unchanged),” Morgan Stanley writes. “We see conservative June/July comp guidance positioning TJX to return to its beat and raise story. We think today's...
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Goldman Sachs Raises PT On TJX To $56
Wednesday, May 18, 2011 - 7:40am | 172Goldman Sachs is raising its price target from $55 to $56 on The TJX Companies (NYSE: TJX), keeping with raises in estimates following 1Q2011. Says Goldman Sachs, in its report, “1Q results were mired by AJ Wright conversions that reduced leverage, soft TJX Canada top-line trends due to inclement...
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Deutsche Bank Raises PT On TJX To $58
Wednesday, May 18, 2011 - 6:30am | 28Deutsche Bank has raised the price target on The TJX Companies (NYSE: TJX) from $56 to $58 and maintains its Buy rating.
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US Stock Futures Up After Strong Dell Earnings; Fed In Focus
Wednesday, May 18, 2011 - 6:24am | 683US stock futures are higher this morning, after upbeat earnings from Dell Inc (NASDAQ: DELL). Investors are awaiting the minutes from the meeting of the US Federal Reserve. Futures on the Dow Jones Industrial Average surged 32 points to 12,469.00 and futures on the S&P 500 stock index rose 3.20...
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Piper Jaffray Lowers PT On Coldwater Creek To $2
Wednesday, May 18, 2011 - 6:07am | 27Piper Jaffray has lowered the price target on Coldwater Creek (NYSE: CWTR) from $3 to $2 and maintains its Neutral rating.
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Earnings Scheduled For May 18 (BJ, DE, TGT, AAP, SPLS, ROST, JACK, LTD, CHS, ABMD, PETM, BRC, HOTT, ANF, ALKS, EV, NTES, CCM, SNPS)
Wednesday, May 18, 2011 - 1:16am | 504BJ's Wholesale Club Inc (NYSE: BJ) is estimated to post its Q1 earnings at $0.56 per share on revenue of $2.82 billion. Deere & Company (NYSE: DE) is projected to report its Q2 EPS at $2.06 on revenue of $8.14 billion. Target Corp (NYSE: TGT) is estimated to report its Q1 earnings at $0.94...
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Bath And Body Works Announces Executive Changes
Tuesday, May 17, 2011 - 5:09pm | 149Bath and Body Works, a subsidiary of Limited Brands, Inc. (NYSE: LTD), today announced that Diane Neal, chief executive officer of Bath and Body Works, will remain in her role as chief executive officer through summer and then transition into an advisory role with the company from San Francisco....
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Coldwater Creek Announces Amendment to Its Credit Facility
Tuesday, May 17, 2011 - 4:08pm | 152Coldwater Creek Inc. (Nasdaq: CWTR) today announced that it completed an amendment of its existing credit facility that extends the facility maturity date three years to May 16, 2016, which includes the addition and funding of a $15 million term note. The Company also announced preliminary first...
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Trading Halted In Coldwater Creek (CWTR)
Tuesday, May 17, 2011 - 4:01pm | 18Trading is halted in shares of Coldwater Creek (Nasdaq: CWTR).
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Wall Street Strategies Reiterates Urban Outfitters Sell, $26 PT
Tuesday, May 17, 2011 - 3:04pm | 80Wall Street Strategies reiterated its Urban Outfitters (NASDAQ: URBN) Sell rating and $26 price target in a research report published today. In the report, Wall Street Strategies states, "We think Urban Outfitters shares, which are still valued at a relative premium to comparable peers, become...
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Retail Stocks Flex Muscle Early
Tuesday, May 17, 2011 - 10:12am | 271This morning, the retail sector is the one area of the market that is holding up despite the early stock market declines. Many traders and investors have been buying retail stocks as the price of oil, and gasoline have declined. The Retail Holders Trust(NYSE: RTH) is trading higher this morning by...