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Bank of America Downgrades Zale, Raises PT To $6.75
Friday, June 10, 2011 - 6:56am | 29Bank of America has downgraded Zale Corporation (NYSE: ZLC) from Buy to neutral and has increased the price objective from $5.70 to $6.75.
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Is Gingrich Toast (Again)?
Thursday, June 9, 2011 - 3:36pm | 313In a move that surprised everyone in Washington and no one at Benzinga, key members of Newt Gingrich's presidential campaign team have resigned. According to the AP, campaign manager Rob Johnson and press secretary Rick Tyler have both resigned from Team Gingrich. Also resigning today were aides...
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UPDATE: J.P. Morgan Raises PT on Ulta Salon, Cosmetics & Fragrance to $60
Thursday, June 9, 2011 - 8:06am | 140J.P. Morgan is out with its report today on Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA), raising its PT from $50 to $60. In a note to clients, J.P. Morgan writes, "Our Dec 2011 price target of $60 is based on 29-30x our 2012 EPS estimate – in line with its growth peer group (UA, LULU, VRA...
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JP Morgan Raises PT On Ulta Salon To $60
Thursday, June 9, 2011 - 7:00am | 27JP Morgan has raised the price target on Ulta Salon (NASDAQ: ULTA) from $50 to $60 and maintains its Overweight rating.
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Mad Money Lightning Round: Cramer Likes Berkshire Hathaway
Thursday, June 9, 2011 - 12:32am | 178On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Berkshire Hathaway (NYSE: BRK-B) is “owned by stock sage Warren Buffett.” He added, “I want to stick behind the Oracle of Omaha, so I remain bullish on this stock. For Baidu.com (NASDAQ: BIDU), he said, "This whole market is way...
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Why Hasn't VIX Moved? Here's My Response 06-08-2011
Wednesday, June 8, 2011 - 6:31pm | 879Cusick's Corner The shorts are in control but traders are still preparing for at least one session run up. If the market does muster some sort of upside stance, while I would not be surprised, I would only use this as an opportunity in the short-term to mend long fences or look at some potential...
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Calls Purchased on Office Depot, Inc.
Wednesday, June 8, 2011 - 12:52pm | 124Shares of Office Depot, Inc. (NYSE: ODP) are lower on the session by 1.67%, currently trading at $3.54. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago...
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Benzinga's Volume Movers
Wednesday, June 8, 2011 - 10:18am | 152Ulta Salon, Cosmetics & Fragrance, Inc (NASDAQ: ULTA) shares surged 9.19% to $54.17 at 10:17 am. The volume of ULTA shares traded was 721% higher than normal. ULTA reported upbeat Q1 results and issued stronger-than-expected Q2 earnings forecast. Pharmasset Inc (NASDAQ: VRUS) shares moved up...
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Morning Market Movers
Wednesday, June 8, 2011 - 9:50am | 123FiberTower Corporation (NASDAQ: FTWR) shares advanced 23.53% to $1.47 at 9:45 am. FTWR shares have dropped 65.20% over the past 52 weeks, while the S&P 500 index has gained 20.99% in the same period.. Pharmasset Inc (NASDAQ: VRUS) shares surged 19.34% to $129.24. VRUS expanded its study of...
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Jefferies Reiterates Hold on Ulta Salon, Raises PT to $55
Wednesday, June 8, 2011 - 9:05am | 97Jefferies reiterated its Hold rating on Ulta Salon (NASDAQ: ULTA). At the same time, Jefferies raised its price target on the company's stock from $50 to $55. In a research report published today, Jefferies states, "ULTA continues to defy gravity, posting strong results quarter after quarter, thus...
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Benzinga's Top Pre-Market NASDAQ Gainers
Wednesday, June 8, 2011 - 8:15am | 144Cytori Therapeutics Inc (NASDAQ: CYTX) shares advanced 15.32% to $5.87 in the pre-market session. CYTX announced sustained benefits at 18 months in cardiac cell therapy heart attack trial. Ulta Salon, Cosmetics & Fragrance, Inc (NASDAQ: ULTA) shares advanced 13.73% to $56.42 in the pre-market...
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Piper Jaffray Increases EPS and Raises PT on Ulta
Wednesday, June 8, 2011 - 7:25am | 108According to a recent report, Piper Jaffray has increased the price target on Ulta (NASDAQ: ULTA) from $48.00 to $60.00 and raised the EPS estimates from $0.29 to $0.33 in FQ2, from $1.52 to $1.61 in FY12 and from $1.90 to $2.00 in FY13. Piper Jaffray maintains an Overweight rating on Ulta. In...
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Oppenheimer Raises PT On Ulta Salon To $62
Wednesday, June 8, 2011 - 6:27am | 26Oppenheimer has raised the price target on Ulta Salon (NASDAQ: ULTA) from $60 to $62 and maintains its Outperform rating.
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Piper Jaffray Lowers PT On Ulta Salon To $48
Wednesday, June 8, 2011 - 6:01am | 27Piper Jaffray has raised the price target on Ulta Salon (NASDAQ: ULTA) from $48 to $60 and maintains its Overweight rating.
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Jefferies Raises PT On Ulta Salon To $55
Wednesday, June 8, 2011 - 5:57am | 27Jefferies & Company has raised the price target on Ulta Salon (NASDAQ: ULTA) from $50 to $55 and maintains its Hold rating.