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Goldman Sachs Upgrades Nordstrom To Buy
Tuesday, March 22, 2011 - 8:53am | 70In a report published by Goldman Sachs, Nordstrom (NYSE: JWN) is upgraded to Buy. Goldman Sachs said that it is upgrading Nordstrom to Buy from Neutral as it sees 16% upside based on combination of earnings and multiple expansion. “Our 12-month price target of $49 is unchanged and continues to be...
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Benzinga's Top Upgrades (NE, JWN, ATU, OXPS)
Tuesday, March 22, 2011 - 8:11am | 129Noble Corporation (NYSE: NE) was upgraded by BMO Capital from "market perform" to "outperform." NE's shares closed at $45.35 yesterday. Noble's trailing-twelve-month revenue is $2.81 billion. Goldman upgraded Nordstrom Inc (NYSE: JWN) from “neutral” to “buy.” JWN's shares closed at $42.30...
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The Bon-Ton Stores, Inc. Announces Amended and Restated Revolving Credit Facility
Monday, March 21, 2011 - 4:46pm | 52The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced that it has entered into an amended and restated revolving credit facility. The $625 million, 5-year, senior secured asset-based credit facility amends the Company's existing $675 million asset-based revolving credit facility that was...
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Merger Announced 03-21-2011
Monday, March 21, 2011 - 4:02pm | 882Cusick's Corner Earlier this morning optionsXpress and The Charles Schwab Corporation announced that they agreed to merge. I am excited about the new offerings and opportunities that may come from this merger. With that said, M&A is on the rise (see Bullish Flow) and blue chips are under...
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Sterne Agee Maintains Buy On Kohl's While Reflecting On 2010 And Looking Forward Through 2011
Thursday, March 17, 2011 - 9:11am | 178Sterne Agee has published a research report on Kohl's Corporation (NYSE: KSS) after the company hosted management meetings to recap highlights from 2010 and opportunities for 2011. In the report, Sterne Agee writes "SSS guidance of 2-4% is predicated upon growth in transactions, so a lasting...
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Morgan Stanley Reiterates Overweight on Nordstrom (JWN)
Thursday, March 17, 2011 - 8:04am | 111Morgan Stanley is out with its report today on Nordstrom (NYSE: JWN), reiterating Overweight. In a note to clients, Morgan Stanley writes, "We reiterate our Overweight rating on JWN shares. We believe high-end department stores are better positioned than mid-tier peers to combat cost inflation,...
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Morgan Stanley Reiterates Equal-Weight on Saks (SKS)
Thursday, March 17, 2011 - 7:48am | 122Morgan Stanley is out with its report today on Saks (NYSE: SKS), reiterating Equal-weight. In a note to clients, Morgan Stanley writes, "Following meetings with management, we reiterate our Equal-weight rating on SKS shares. While we prefer fundamentals in the high-end department store space to...
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Time To Go Short Low End Retailers? (JCP, KSS, PSUN, HOTT)
Wednesday, March 16, 2011 - 2:37pm | 154A tweet from Blueshift Ideas said that lower end retailers like J.C. Penney (NYSE: JCP), Kohl's (NYSE: KSS), Pacific Sunwear (NASDAQ: PSUN) and Hot Topic are hurting the most from rising costs and inflationary pressures. These names are unable to pass on the costs to their consumers. If you...
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JWN Remains One Of Morgan Stanley's Top Picks
Wednesday, March 16, 2011 - 8:21am | 112Nordstrom Inc. (NYSE: JWN) remains one of Morgan Stanley's top picks in the department store space. “We expect upward earnings revisions to drive the stock higher over the next 12 months,” Morgan Stanley writes. “Our FY11 EPS forecast of $3.24 is 17 cents above the Street. “Our dinner with mgmt...
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Citi Debunking JC Penney Bear Case
Friday, March 11, 2011 - 9:36am | 150In a report published by Citi, JC Penney (NYSE: JCP) is debunking the bear case. Citi said that it is raising its 2011-2014 EPS estimates for JCP, raising its target price to $50, up from $46 previously, and adding the stock to CIRA's Top Picks Live! list. “We believe that JCP has a significant...
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Citigroup Raises PT On JC Penney To $50
Friday, March 11, 2011 - 9:10am | 29Citigroup has raised the price target on JC Penney Company (NYSE: JCP) from $46 to $50 and maintains its Buy rating.
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Bon-Ton Stores Reports Q4 EPS of $4.41
Wednesday, March 9, 2011 - 8:39am | 61Bon-Ton Stores (NASDAQ: BONT) reported its Q4 EPS at $4.41, versus the consensus of $4.30. BONT reported its Q4 revenue at $1.03 billion, versus the consensus of $1.02 billion. BONT shares gained 2.66% to close at $15.42 yesterday. Read more from Benzinga's Company news.
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Bon-Ton Stores, Inc. Announces 4Q EPS Of $4.41 vs. $4.30
Wednesday, March 9, 2011 - 8:35am | 23Bon-Ton Stores, Inc. (NASDAQ: BONT) has announced a 4Q EPS Of $4.41 vs. $4.30 consensus.
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US Stock Futures Slightly Up After Prior Session's Rally, Crude Oil Futures Drop To $104.82 Per Barrel
Wednesday, March 9, 2011 - 7:31am | 569US stock futures are slightly higher this morning, after the prior session's rally. Oil futures dropped to $104.82 a barrel. Futures on the Dow Jones Industrial Average climbed 27 points to 12,226.00 and futures on the S&P 500 stock index gained 2.40 points to 1,322.50. Nasdaq 100 futures rose...
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Earnings Scheduled For March 9 (PLCE, BONT, JAS, MW, CWTR, HRB, KFY, AEO, IDSY, CMN, AIQ, BBEP, SIGA)
Wednesday, March 9, 2011 - 3:48am | 384Children's Place Retail Stores Inc (NASDAQ: PLCE) is projected to report its Q4 EPS at $1.01 on revenue of $468.54 million. Bon-Ton Stores Inc (NASDAQ: BONT) is expected to report its Q4 EPS at $4.30 on revenue of $1.02 billion. Jo-Ann Stores Inc (NYSE: JAS) is estimated to report its Q4 EPS at...