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Cowen & Company Revises Recommendation On Several Drillers
2014 Oct 17, 12:56pmCowen & Company released a note in which it revised it recommendation on a number of players in oil and natural gas services industry. Since the release of the note, a handful of the stocks experienced huge swings. Upgrades Basic Energy Services, Inc. (NYSE: BAS): Market Perform to...
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Canaccord Lowers Rating, Price Target On Advanced Micro Devices
2014 Oct 17, 12:37pmCanaccord lowered its rating from Buy to Hold and reduced its price target from $4.50 to $2.75 on Advanced Micro Devices, Inc. (NYSE: AMD) in a report issued Thursday. The rating change came after Advanced Micro missed quarterly earnings expectations and released news that it will cut 7 percent...
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Macquarie Adjusts Recommendations On Several Retail Stocks
2014 Oct 17, 11:06amOn Thursday, Macquarie Research analyst Laurent Vasilescu adjusted the investment rating and price targets on multiple retail stocks: Tiffany & Co. (NYSE: TIF) upgraded to Outperform from Neutral; maintained $115 price target. Analysts believe the company will face tailwinds heading into...
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Benzinga's Top Downgrades
2014 Oct 17, 9:22am
Analysts at Morgan Stanley downgraded Urban Outfitters (NASDAQ: URBN) from Overweight to Equal-weight. The price target for Urban Outfitters has been lowered from $44 to $31. Urban Outfitters' shares closed at $34.56 yesterday. Analysts at Cowen & Company downgraded Transocean (NYSE: RIG) from...
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Cowen Downgrades CHC Group To Market Perform
2014 Oct 17, 9:01amAnalysts at Cowen & Company downgraded CHC Group (NYSE: HELI) from Outperform to Market Perform. The price target for CHC Group has been lowered from $12 to $9. CHC Group's shares closed at $5.39 yesterday.
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Canaccord Genuity Downgrades AMD To Hold
2014 Oct 17, 8:35amAnalysts at Canaccord Genuity downgraded Advanced Micro Devices (NYSE: AMD) from Buy to Hold. The price target for Advanced Micro Devices has been lowered from $4.50 to $2.75. AMD shares have dropped 25.21% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the same period....
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UPDATE: Morgan Stanley Downgrades Urban Outfitters As Recovery Is Not On Track
2014 Oct 17, 8:14amIn a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger downgraded the rating on Urban Outfitters, Inc. (NASDAQ: URBN) from Overweight to Equal-Weight, and lowered the price target from $44.00 to $31.00. In the report, Morgan Stanley noted, “Our investment thesis was predicated...
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Cowen Downgrades Transocean To Market Perform
2014 Oct 17, 8:00amAnalysts at Cowen & Company downgraded Transocean (NYSE: RIG) from Outperform to Market Perform. The price target for Transocean has been lowered from $39 to $30. Transocean shares have dropped 34.30% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the same period....
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Morgan Stanley Downgrades Urban Outfitters To Equal-weight
2014 Oct 17, 6:43amAnalysts at Morgan Stanley downgraded Urban Outfitters (NASDAQ: URBN) from Overweight to Equal-weight. The price target for Urban Outfitters has been lowered from $44 to $31. Urban Outfitters shares have dropped 6.62% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the...
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Macquarie Downgrades Nordstrom; Sees Dilution From Trunk Buy
2014 Oct 16, 5:16pmNordstrom, Inc. (NYSE: JWN) could face higher-than expected costs to integrate its recent $350 million acquisition of the menswear retailer Trunk Club even as its expansion of discount Rack outlets cuts into profit margins, an analyst said Thursday. Macquarie's Laurent Vasilescu downgraded the...
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UPDATE: Macquarie Downgrades Lululemon Athletica
2014 Oct 16, 3:43pmMacquarie downgraded Lululemon Athletica inc. (NASDAQ: LULU) in a report issued Wednesday from Neutral to Underperform and reduced the price target from $40 to $34. Analysts led by Laurent Vasilescu and Stephanie Wakeham noted "that the company needs to meaningfully ramp up international,...
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UPDATE: Macquarie Downgrades Urban Outfitters Amid Concerns Over More Large Stores
2014 Oct 16, 1:52pmMacquarie downgraded Urban Outfitters, Inc. (NASDAQ: URBN) in a report issued Wednesday from Outperform to Neutral and lowered the price target from $43 to $39. Analysts Laurent Vasilescu and Stephanie Wakeham noted that the company "has traded range bound for the last 2 years. Although we...
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UPDATE: Macquarie Downgrades Francesca's
2014 Oct 16, 1:38pmMacquarie downgraded Francesca’s Holdings Corp (NASDAQ: FRAN) in a report issued Wednesday from Outperform to Underperform and lowered the price target from $16 to $11. Analysts led by Laurent Vasilescu and Stephanie Wakeham were "particularly concerned with the last five...
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New Credit Suisse Coverage Offers Potential Pair Trade
2014 Oct 16, 11:04amOn Thursday, Credit Suisse analyst Allison Landry updated coverage on the railroad sector. Landry upgraded shares of CSX Corporation (NYSE: CSX) to Outperform and downgraded shares of Norfolk Southern Corp (NYSE: NSC) to Neutral.
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Benzinga's Top Downgrades
2014 Oct 16, 10:08am
Analysts at Guggenheim Securities downgraded Walt Disney Company (The) (NYSE: DIS) from Buy to Neutral. The price target for Walt Disney has been lowered from $96.00 to $87.00. Walt Disney shares closed at $82.08 yesterday. Analysts at Credit Suisse downgraded Norfolk Souther (NYSE: NSC) from...
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