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Piper Jaffray Reiterates Overweight Rating On PetSmart
Monday, August 15, 2011 - 7:44am | 60According to Piper Jaffray, PetSmart (NASDAQ: PETM) Overweight rating is reiterated. Piper Jaffray said that it reiterates its OW rating and $53 PT into the Q2 earnings call. “We believe the recent weakness in the stock due to difficult market conditions presents a compelling opportunity to...
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Earnings Scheduled For August 15
Monday, August 15, 2011 - 1:05am | 509Sysco Corporation (NYSE: SYY) is projected to report its Q4 EPS at $0.57 on revenue of $10.36 billion. Estee Lauder Companies Inc (The) (NYSE: EL) is estimated to report its Q4 EPS at $0.24 on revenue of $2.03 billion. 3SBio Inc (NASDAQ: SSRX) is expected to post its Q2 EPS at $0.20 on revenue of...
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UPDATE: J.P. Morgan Lowers PT on Staples to $20
Friday, August 12, 2011 - 8:30am | 138J.P. Morgan is out with its report today on Staples (NASDAQ: SPLS), lowering its PT to $20 from $22. In its report, J.P. Morgan writes, "Our Dec 2011 price target of $20 (previously $22) is based on ~13x PE on our 2012 forecasts, which represents a discount to its historical FY2 average of 16x. We...
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Oppenheimer Upgrades AZO, BBBY, PETM To Outperform
Friday, August 12, 2011 - 7:31am | 41Oppenheimer has upgraded AutoZone (NYSE: AZO), Bed Bath & Beyond (NASDAQ: BBBY) and PetSmart (NASDAQ: PETM) to Outperform.
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JP Morgan Lowers PT On Staples To $20
Friday, August 12, 2011 - 7:02am | 26JP Morgan has lowered the price target on Staples (NASDAQ: SPLS) from $22 to $20 and maintains its Overweight rating.
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Puts Purchased on Dick's Sporting Goods
Thursday, August 11, 2011 - 2:48pm | 115Shares of Dick's Sporting Goods (NYSE: DKS) are higher on the session by 3.33%, currently trading at $30.90. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short...
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Intraday Losers; IntraLinks Down -42.43%
Wednesday, August 10, 2011 - 3:47pm | 140IntraLinks Holdings (NADAQ: IL) -42.43% on downbeat Q3 guidance. Quad/Graphics (NASDAQ: QUAD) -25.40% on disappointing earnings. Velti (NASDAQ: VELT) -18.27 despite in-line EPS and revenues beat. Inter Parfums (NADAQ: IPAR) -16.61% on downbeat earnings. KAR Auction Services (NYSE: KAR) -15....
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Sterne Agee Reiterates Sell and PT of $32 on Dick's Sporting Goods
Wednesday, August 10, 2011 - 9:14am | 44Sterne Agee reiterated its Sell rating on Dick's Sporting Goods (NYSE: DKS). At the same time, the rating agency left its price target on the company's stock unchanged at $32. On Tuesday, DKS closed the day at $31.46.
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Jefferies Downgrades COST, HD, KSS, LOW, PETM, SPLS, TGT, USTR To Hold
Wednesday, August 10, 2011 - 7:27am | 153Jefferies & Company has downgraded the following companies: Costco (NASDAQ: COST) $74.66, from Buy to Hold PT from $93 to $71 Home Depot (NYSE: HD) $30.15, from Buy to Hold, PT from $44 to $33 Kohl's (NYSE: KSS) $46.56, from Buy to Hold, PT from $63 to $50 Lowe's (NYSE: LOW) $19.17, from...
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ISI Group Downgrades OfficeMax To Hold
Tuesday, August 9, 2011 - 8:55am | 19ISI Group has downgraded OfficeMax (NYSE: OMX) from Buy to Hold.
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Gabelli Maintains Buy on Sally Beauty
Monday, August 8, 2011 - 9:38am | 134Gabelli is out with its report today on Sally Beauty (NYSE: SBH), maintaining Buy. In its report, Gabelli writes, "Maintaining Buy; SBH is the leading distributor of professional products in the US and is expanding in other regions, including Canada, Mexico and Europe. Same store sales continue to...
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News Summary for August 8, 2011
Monday, August 8, 2011 - 7:54am | 631This is your Benzinga news summary and traders' outlook for Monday, August 8, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another weak morning as traders mull over the S&P credit downgrade of the...
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Benzinga's Top Downgrades
Monday, August 8, 2011 - 7:42am | 128Texas Instruments Incorporated (NYSE: TXN) was downgraded by FBR Capital from "outperform" to "market perform." TXN's shares closed at $27.19 on Friday. TXN's trailing-twelve-month ROA is 17.73%. JP Morgan downgraded Brocade Communications Systems Inc (NASDAQ: BRCD) from “overweight” to “neutral...
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UPDATE: Goldman Sachs Downgrades OfficeMax to Neutral
Monday, August 8, 2011 - 7:17am | 118Goldman Sachs is out with its report today on OfficeMax (NYSE: OMX), downgrading OMX from Buy to Neutral. In its report, Goldman Sachs writes, "We are downgrading OMX to Neutral from Buy and cutting our 12-month price target to $8.25 from $12.50. We see a challenged firm, in a challenged sector,...
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Goldman Sachs Downgrades OMX To Neutral, Removes From Americas Buy List
Monday, August 8, 2011 - 6:20am | 33Goldman Sachs has downgraded OfficeMax (NYSE: OMX) from Buy to Neutral with an $8.25 price target and has removed the company from its Americas Buy List.