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Wedbush Raises PT on PetSmart To $54
Thursday, May 19, 2011 - 8:13am | 26Wedbush Securities has raised the price target on PetSmart (NASDAQ: PETM) from $51 to $54 and maintains its Outperform rating.
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UPDATE: Citi Lowers PT on Staples to $20
Thursday, May 19, 2011 - 8:11am | 96Citi is out with its report today on Staples (NASDAQ: SPLS), lowering its PT from $27 to $20. In a note to clients, Citi writes, "We lowered our PT to $20 from $27 based on 12x our new FY13 estimate of $1.65. Our FY12 estimates went to $1.40 from $1.60. On a forward NTM basis, SPLS has traded at...
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Deutsche Bank Raises PT On PetSmart To $46
Thursday, May 19, 2011 - 8:03am | 26Deutsche Bank has raised the price target on PetSmart (NASDAQ: PETM) from $42 to $46 and maintains its Hold rating.
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Oppenheimer Has Perform Rating On PetSmart
Thursday, May 19, 2011 - 7:54am | 105Oppenheimer & Co. has a Perform rating on shares of PetSmart, Inc. (NASDAQ: PETM). In a note to investors, Oppenheimer writes, "We look favorably upon the better than expected 1Q (Apr.) results and upbeat guidance provided by PETM. Above plan sales (+5%) together with strong margin improvement...
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JP Morgan Raises PT On PetSmart To $45
Thursday, May 19, 2011 - 7:43am | 26JP Morgan has raised the price target on PetSmart (NASDAQ: PETM) from $43 to $45 and maintains its Neutral rating.
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Deutsche Bank Previews Tiffany & Co. Q1 Results
Thursday, May 19, 2011 - 7:35am | 96Deutsche Bank is previewing Tiffany & Co.'s (NYSE: TIF) Q1 results. “Our sales growth forecasts (+9% reported, ow 3% FX) are based on a very healthy trends in US (+9% ow 5% comps), Europe (23% ow 7% comps) and Asia ex Japan (+36% ow 20% comps), while we expect Japan to be down 29% yoy as a...
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Piper Jaffray Reiterates Overweight and PT of $35 on Cabela's
Thursday, May 19, 2011 - 7:27am | 112Piper Jaffray reiterated its Overweight rating on Cabela's (NYSE: CAB) after attending its analyst day. At the same time, Piper Jaffray left its price target unchanged at $35. In a research report published today, Piper Jaffray states, "Management focused the presentations on merchandise margin...
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Goldman Sachs Raises PT On PetSmart To $50
Thursday, May 19, 2011 - 7:03am | 26Goldman Sachs has raised the price target on PetSmart (NASDAQ: PETM) from $49 to $50 and maintains its Buy rating.
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Crude Run Response to Canadian Wildfires 05-18-2011
Wednesday, May 18, 2011 - 6:34pm | 927Cusick's Corner Equities and commodities bounced into the afternoon but I'm skeptical of this move with the Buck firming and the Euro unable to break out with the market. Now the crude run is more of a fearful response to the wildfires in Canada that may cause a potential slowdown in oil sands-...
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Expiration Unwind 05-18-2011
Wednesday, May 18, 2011 - 3:14pm | 957Cusick's Corner The market has held into this expiration week. We are at critical levels and the bulls need to break 1333 on the S&P June futures. It's Wednesday, a critical point in the week because there are institutions that are starting to unwind monthly trades which often creates volume...
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News Summary
Wednesday, May 18, 2011 - 9:54am | 205Shares of Hewlett-Packard Company (NYSE: HPQ) fell about 1.7% after analysts at JP Morgan downgraded Hewlett-Packard from “overweight” to “neutral.” The target price for HPQ has been lowered from $55 to $42. Shares of Staples Inc (NASDAQ: SPLS) dropped about 14.3% after the company reported...
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J.P. Morgan Maintains Overweight on Staples (SPLS)
Wednesday, May 18, 2011 - 9:42am | 111J.P. Morgan released its report yesterday on Staples (NASDAQ: SPLS), maintaining Overweight after a Q1 11 miss. In a note to clients, J.P. Morgan writes, "While a miss was clearly being priced into the stock and many expected guidance to be lowered, today's results were worse than the median...
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Deutsche Bank Maintains Buy on Staples
Wednesday, May 18, 2011 - 8:44am | 153Deutsche Bank is out with its report today on Staples (NASDAQ: SPLS), maintaining Buy. In a note to clients, Deutsche Bank writes, "It appears as if Staples needed to promote and invest costs to drive sales, leading to gross margins down 22 bps and expense ratios up 47 for a total margin decline...
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Earnings Roundup For May 18 (SPLS, CTRN, DE, BJ, TGT, IAPLY, CHS, ANF, LSGOF, SODA, BRC, EXPGF)
Wednesday, May 18, 2011 - 8:35am | 733Staples Inc (NASDAQ: SPLS) reported downbeat first-quarter results and lowered its profit projections for the year. The group's net profit surged 5% to $198.2 million, or $0.28 per share, from $188.8 million, or $0.26 per share, in the year-earlier period. Its revenue increased 1.9% to $6.17...
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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....