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Goldman Sachs Maintains $57 PT On COH
Tuesday, March 22, 2011 - 9:11am | 196Goldman Sachs is maintaining its $57 PT on shares of Coach, Inc. (NYSE: COH). “Tiffany & Co. (NYSE: TIF) reported 4Q results, and framed the expected near-term impact to their sales and earnings from events in Japan,” Goldman Sachs writes. “For 1Q, TIF expects Japan sales to decline mid-teens...
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Trading Barnes & Noble Amidst Microsoft Lawsuit (MSFT, BKS, MMI, BGP, AAPL, NOK, ORCL)
Tuesday, March 22, 2011 - 8:03am | 483Microsoft (NASDAQ: MSFT) has unleashed more legal vendettas, this time against Barnes & Noble (NYSE: BKS) for patent infringement. Microsoft claims that the Barnes & Noble Nook electronic reader runs on Google's (NASDAQ: GOOG) Android operating system. Barnes & Noble is not the first...
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Deutsche Bank Raises EPS Estimate For TIF
Tuesday, March 22, 2011 - 8:01am | 108Despite the effects of the earthquake in Japan, Deutsche Bank has reported that they are raising their EPS estimate for Tiffany & Co. (NYSE: TIF). According to Deutsche Bank, "We reflect strong operational results in our model and have slightly upgraded our forecasts (ex-Japan) as a result....
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Goldman Sachs Comments On Impressive Growth For Tiffany
Tuesday, March 22, 2011 - 7:50am | 78Goldman Sachs Comments On Impressive Growth For Tiffany In a report published by Goldman Sachs, Tiffany & Co (NYSE: TIF) is showing impressive growth but guidance limits top-line upside. Goldman Sachs said that following 4Q results, it is adjusting its EPS estimates. “We raise our 2011/2012...
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Morgan Stanley Has Buy Rating On Tiffany (TIF)
Tuesday, March 22, 2011 - 7:47am | 135Morgan Stanley Has Buy Rating On Tiffany (TIF) Morgan Stanley has a Buy rating and a $70 price target on shares of Tiffany (NYSE: TIF). In a note to clients, Morgan Stanley writes, "4Q results and 2011 guidance demonstrate the power of TIF's well-diversified global sales base. With some detail on...
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Deutsche Bank Raising Estimates On Tiffany (TIF)
Tuesday, March 22, 2011 - 7:28am | 131Deutsche Bank Raising Estimates On Tiffany (TIF) Deutsche Bank is raising its earnings estimates on shares of Tiffany (NYSE: TIF) after it reported earnings yesterday. It has a Buy rating and a $65.50 price target on shares. In a note to investors, Deutsche Bank writes, "We reflect strong...
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Sterne Agee Has Buy Rating On Tiffany & Co
Tuesday, March 22, 2011 - 7:25am | 157Sterne Agee Has Buy Rating On Tiffany & Co. (TIF) Sterne Agee has a Buy rating and a $69 price target on shares of Tiffany & Co. (NYSE: TIF). In a note to investors, Sterne Agee writes, "Our $69 PT is based on a lower multiple of 18.5x our FY12 estimate (vs. 20x previously), in line with...
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Options Brief: Barnes & Noble, Inc. (BKS)
Monday, March 21, 2011 - 3:53pm | 83Shares of Barnes & Noble, Inc. (NYSE: BKS) are lower on the session by 4.39%, trading at $9.28. Overall call volume is now running at 2.02x the daily average, with 73% of all calls traded being purchases on the offer. 2,015 contracts have traded on the session so far. Barnes & Noble, Inc...
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Microsoft Suing Barnes & Noble, Others On Patent Infringement (MSFT, BKS)
Monday, March 21, 2011 - 3:32pm | 122Microsoft Corp. (NASDAQ: MSFT) announced today that it was suing Barnes & Noble (NYSE: BKS), Foxconn International Holdings, and Inventec Corp. for patent infringement on the related to the bookseller's Android-based e-reader and tablet devices. Google (NASDAQ: GOOG) is the provider of the...
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Microsoft Takes Legal Action Against Barnes & Noble, Foxconn and Inventec for Patent Infringement by Android Devices
Monday, March 21, 2011 - 3:15pm | 260Microsoft Corp. (NASDAQ: MSFT) today filed legal actions in the International Trade Commission and the U.S. District Court of the Western District of Washington against Barnes & Noble, Inc. (NYSE: BKS) and its device manufacturers, Foxconn International Holdings Ltd. and Inventec Corporation,...
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Hastings Entertainment Reports Q4 EPs of $0.31 vs. $0.53
Monday, March 21, 2011 - 9:40am | 150Hastings Entertainment, Inc. (Nasdaq: HAST) today reported results for the three months ended January 31, 2011. Net earnings were approximately $3.8 million, or $0.43 per diluted share, for the three months ended January 31, 2011 compared to net earnings of approximately $9.1 million, or $0.94...
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A Peek Into The Market Before The Trading Starts
Monday, March 21, 2011 - 7:36am | 420Pre-open movers US stock futures are higher this morning, after AT&T (NYSE: T) announced its plans to buy T-Mobile USA for around $39 billion. Futures for the Dow Jones Industrial Average surged 105 points to 11,904.00, while those for the S&P 500 stock index climbed 13.60 points to 1,287....
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Tiffany Reports Better-Than-Expected Q4 earnings
Monday, March 21, 2011 - 7:12am | 66Tiffany & Co (NYSE: TIF) reported its Q4 adjusted EPS at $1.44, beating the consensus of $1.39. TIF reported its Q4 revenue at $1.1 billion, versus the consensus of $1.1 billion. TIF reported 8% rise in its Q4 Americas same-store sales. TIF shares gained 1.09% to close at $57.29 on Friday....
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US Stock Futures Signal Higher Start On Wall Street, AT&T To Buy T-Mobile USA For $39 billion
Monday, March 21, 2011 - 6:30am | 315US stock futures are higher this morning, after AT&T (NYSE: T) announced its plans to buy T-Mobile USA for around $39 billion. Futures for the Dow Jones Industrial Average surged 115 points to 11,914.00, while those for the S&P 500 stock index climbed 15.60 points to 1,289.80. Futures for...
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Merger Arbitrage Mondays – March 21, 2011
Monday, March 21, 2011 - 1:24am | 4927Merger activity increased last week with four new deals announced and two deals closing. Over the weekend, AT&T (T) announced that it was buying T-Mobile USA in a deal worth $39 billion. Sprint's (S) stock had trended upwards in recent week on expectations that it would merge with T-Mobile....