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Standpoint Downgrades The Gap To Hold
Tuesday, April 5, 2011 - 8:15am | 21Standpoint Research has downgraded The Gap, Inc. (NYSE: GPS) from Buy to Hold.
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Jefferies Previews Same-Same-Sales (GPS)
Tuesday, April 5, 2011 - 7:30am | 164Jefferies & Co. is previewing March 2011 same-store-sales, which are happening on April 7, from companies like Gap (NYSE: GPS). In a note to clients, Jefferies writes, "March Looks to Be in Line. We expect March results to be largely in line with low expectations in light of the Easter shift....
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Citi Lowering Estimates On Guess (GES)
Tuesday, April 5, 2011 - 7:27am | 215Citi Investment Research is lowering its estimates on Guess (NYSE: GES). It has a Hold rating and a $46 price target on shares. In a note to clients, Citi writes, "We have received a number of questions on GES and thought it would be timely to lay out the business by division, provide updated...
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M&A News: eBay Buys GSI Commerce, Salesforce Picks Up Radian6
Monday, April 4, 2011 - 12:52pm | 878By Damian Thompson No, CSI is not developing a third offshoot of its show to feature Commerce, California. And no David Caruso isn't taking his “talents” away from South Beach. It is GSI not CSI, as eBay (EBAY) purchased GSI Commerce this week in its second-largest acquisition ever and Salesforce...
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Fluor Selected by SunPower to Build 20-Megawatt Arizona Solar Power Plant
Monday, April 4, 2011 - 8:52am | 64Fluor Corporation (NYSE: FLR) announced today that SunPower Corporation awarded the firm the construction of the 20-megawatt (MW) Copper Crossing photovoltaic solar power plant on 144 acres of formerly private agricultural land in Pinal County, Arizona. Fluor will book the undisclosed contract...
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Piper Jaffray Raises CACH PT to $7
Monday, April 4, 2011 - 8:20am | 108Piper Jaffray has raised Cache Inc.'s (NASDAQ: CACH) Price Target from $6 to $7. According to the report, "We are raising our price target to $7 and reiterating our Overweight rating on CACH shares following Cache's FQ4 report. Management guided above prior consensus estimates for FQ1 and FQ2 and...
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Cache Reports Q4 EPS $(0.16) vs $0.09
Friday, April 1, 2011 - 4:07pm | 174Cache Inc., (NASDAQ: CACH) reported results for the thirteen and fifty-two week periods ended January 1, 2011. Net sales decreased 14% to $55.9 million from $65.0 million in the fourth quarter of fiscal 2009. Comparable store sales declined 6%, as compared to a decrease of 7% in the fourth quarter...
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Kaplan Fox Files Securities Class Action on Behalf of Purchasers of Urban Outfitters, Inc. Common Stock
Friday, April 1, 2011 - 3:09pm | 350Kaplan Fox & Kilsheimer LLP has filed a class action suit against Urban Outfitters, Inc. (NASDAQ: URBN) that alleges violations of the Securities Exchange Act of 1934 on behalf of purchasers of Urban Outfitters common stock during the period November 15, 2010 through March 7, 2011, inclusive...
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Markets on the Move after US Employment Data
Friday, April 1, 2011 - 2:46pm | 971Cusick's Corner Jobs, that is what the market was greeted with this morning, Payrolls up over the 200k mark and Unemployment still dropping, 8.8%. The market tore up on the open and has held into the Midday. The question is how you play the rising risk of inflation and growth. One might look at...
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Brian Sozzi Says Buy High & Low End Retailers (TRLG, M, ANF)
Friday, April 1, 2011 - 1:16pm | 151Brian Sozzi of Wall Street Strategies was interviewed by Yahoo Finance's breakout, and he is saying to buy the low and higher end retail names, as he believes they will fare the best. In the interview, Sozzi mentioned names like True Religion (NASDAQ: TRLG), Macy's (NYSE: M) and Abercrombie &...
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Calls Purchased on Foot Locker, Inc. (FL)
Friday, April 1, 2011 - 12:54pm | 139Shares of Foot Locker, Inc. (NYSE: FL) are higher on the session by 1.06%, currently trading at $19.93. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Wall Street Strategies Reiterates Urban Outfitters Sell, Lowers PT (URBN)
Friday, April 1, 2011 - 11:40am | 147Wall Street Strategies reiterated its Urban Outfitters (NASDAQ: URBN) Sell rating and lowered Urban Outfitters' price target from $28 to $26 in a research report published today. In the report, Wall Street Strategies states, "The fashion cycle has not yet swung back in the favor of Urban...
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Zacks Releases Four Powerful ''Buys'' (TJX, MFB, TECD, CWEI)
Friday, April 1, 2011 - 11:02am | 157Zacks has releases four powerful ''Buy'' names. They are Tech Data Corp (NASDAQ: TECD) The TJX Companies (NYSE: TJX), Clayton Williams Energy (NASDAQ: CWEI) and Maidenform Brands (NYSE: MFB). Clayton Williams Energy, Inc., an independent oil and gas company, engages in the exploration for and...
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Sterne Agee Reports Christopher & Banks Pre-Announces Greater Loss Than Projected In 4Q
Friday, April 1, 2011 - 9:03am | 235According to Sterne Agee, Christopher & Banks Corporation (NYSE: CBK) pre-announced greater loss than projected in 4Q. Sterne Agee reported that CBK released preliminary results for the 4Q (end February). “The company expects its sales to be in the area of $99.6 million (we had been projecting...
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Sterne Agee Reports On GES New Leader
Friday, April 1, 2011 - 8:46am | 111Sterne Agee has issued a report on the Guess? Inc (NYSE: GES) announcement of a new president of North America. According to the report, "Nancy Shachtman, a longtime GES executive, recently in charge of its wholesale division, was appointed President of North America in March. With her expanded...