Apparel Retail

J.P. Morgan Chase & Co. is out with a research report on American Eagle Outfitters (NYSE: AEO) and is lowering its price target to $12 from $14, but is keeping its Neutral rating on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "AEO reported 2Q11 EPS of $0.10 versus the...

Jefferies & Co. is out with a research report on The Gap, Inc. (NYSE: GPS) and it has a Buy rating and a $25 price target on shares. In a note to clients, Jefferies & Co. writes, "We had GPS on the road this week, and based on our conversations and management's tone we believe progress at...

Wedbush Securities has lowered the price target on bebe stores (NASDAQ: BEBE) from $9 to $8 and maintains its Outperform rating.

JP Morgan has lowered the price target on American Eagle Outfitters (NYSE: AEO) from $14 to $12 and maintains its Neutral rating.

Wind power in Brazil now costs less than natural gas. Brazil's National Electric Power Agency held a series of energy auctions last week. During the auctions, 78 wind power projects, out of 92 projects, nabbed contracts. The contracts totaled 1,928 megawatts (MW), and were priced at 99.5 Brazilian...

Urban Outfitters (NASDAQ: URBN) today announced that its Board of Directors has authorized the repurchase of an additional 10 million common shares. Pursuant to this program, the Company, at its discretion, may repurchase shares of its common stock from time to time, subject to market conditions...

Oppenheimer is out with its report today on American Eagle Outfitters (NYSE: AEO), lowering its PT to $14 from $19. In its report, Oppenheimer writes, "We believe that AEO has the talent, initiatives and balance sheet in place to support longer term growth plus an upcoming catalyst with the...

Forbes Energy Services Ltd (NASDAQ: FES) fell 20.04% to $7.42 at 9:50 am. FES' trailing-twelve-month ROE is -16.86%. Park Bancorp Inc (NASDAQ: PFED) shares lost 17.51% to $2.12. PFED's trailing-twelve-month profit margin is -281.83%. Brown Shoe Company Inc (NYSE: BWS) shares dipped 16.09% to $6....

Collective Brands Inc (NYSE: PSS) shares advanced 26.65% to $13.02 at 9:45 am. PSS reported better-than-expected quarterly profit. Bank of America Corporation (NYSE: BAC) climbed 25.18% to $8.75. Warren Buffett's Berkshire Hathaway reported that it would invest $5 billion in Bank of America. John...

Collective Brands (NYSE: PSS) +28.89% on upbeat earnings reported yesterday. Bank of America (NYSE: BAC) +20.17% after the announcement that Berkshire Hathaway will invest $5B in the company. Signet Jewelers (NYSE: SIG) +11.49% on upbeat earnings. Citigroup Inc. (NYSE: C) +9.67% on Bank of...

Wedbush Securities has published a research report on Guess? (NYSE: GES) after the company reported reduced F11 Guidance that Wedbush believes could be indicative of a potential slowdown. In the report, Wedbush writes, "[W]hile we believe the strategy of focusing on gross margin recovery in NA is...

Hormel Foods Corp (NYSE: HRL) reported a 15% rise in its fiscal third-quarter net income and raised its full-year earnings forecast. Hormel reported its quarterly earnings at $98.5 million, or $0.36 per share, up from $85.4 million, or $0.32 per share, in the year-ago period. Its revenue climbed 10...

Brown Shoe Co Inc (NYSE: BWS) swung to a Q2 loss and lowered its full-year profit outlook. Brown Shoe posted a quarterly net loss of $4.6 million, or $0.11 per share, versus a profit of $5.3 million, or $0.12 per share, in the year-ago period. Its revenue climbed 7.2% to $628.1 million. Brown...

According to ISI, Guess? (NYSE: GES) price target is lowered to $37. ISI said that despite another strong quarter with sales +17% and EPS +16%, it looks like the valuation of Guess shares could remain subdued. “We are lowering our 2011 EPS estimate to $3.25 from $3.34, our 2012 estimate to $3.70...

Jefferies has published a research report on Guess (NYSE: GES) lowering the price target by $2. In the report, Jefferies wrote, "An earnings guide down was expected by the Street, which we think was expecting a new range closer to $3 or lower. As such, the revised $3.25-$3.35 range that GES...