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Advanced Micro Devices Analyst Roundup
2014 Oct 17, 4:24pmAdvanced Micro Devices, Inc. (NYSE: AMD) disappointed investors Thursday with its 3Q results and news that it will cut its workforce by 7 percent. Here is what analysts thought after the announcement. Pacific Crest - Sector Perform, No Price Target "Given the significant reset of...
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Deutsche Bank Previews Q3 For VF Corp, Says Fundamentals Intact
2014 Oct 17, 3:42pmDeutsche Bank issued a Q3 preview for VF Corp (NYSE: VFC) on Friday and saw that "fundamentals remain intact." A Buy rating was maintained while the price target was lowered from $75 to $73. Analyst Dave Weiner trimmed the "4Q & 2015 EPS model (3Q remains intact), to...
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UPDATE: Macquarie Upgrades Hyatt Hotels
2014 Oct 17, 3:21pmMacquarie upgraded Hyatt Hotels Corporation (NYSE: H) from Neutral to Outperform and raised its price target from $65 to $68. Analysts Chad Beynon and Jeremy Luskin acknowledged "headline macro risks, but believe the growth story – 3-year estimated EBITDA and EPS CAGR of 14 percent...
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Analysts Trim Outlook For Urban Outfitters
2014 Oct 17, 2:56pmUrban Outfitters, Inc. (NASDAQ: URBN) made its second apology in a month Thursday, this time for falling same-store sales it said will hurt profits in the current quarter. Urban Outfitters fell more than 15 percent Friday to $29.15 per share. The Philadelphia-based company last month issued a...
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Deutsche Bank Ups Auto Suppliers
2014 Oct 17, 1:03pmIn a note released Friday, Deutsche Bank analyst Rod Lache boosted his price targets on auto suppliers across the board, saying that "Given the macro risks, we continue to believe that investors should focus on suppliers that offer secular (above market) growth opportunities, as these...
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Analysts Trim Google Targets On Slowing Growth
2014 Oct 17, 12:59pmGoogle Inc (NASDAQ: GOOGL) shares continued to fall Friday as Wall Street trimmed earnings forecasts in the wake of the company's third-quarter earnings miss. After the bell Thursday the company told investors that its third-quarter "paid clicks" growth slowed to 15 percent from...
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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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UPDATE: Canaccord Initiates Coverage On Zulily
2014 Oct 17, 12:25pmCanaccord initiated a Buy rating and $45 price target on Zulily Inc (NASDAQ: ZU) in a report issued Friday. Analysts led by Michael Graham believed that "zulily is early with its unique value proposition to the affluent but value-conscious mom. [The company] has turned shopping...
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UPDATE: Brean Capital Initiates Coverage On Alibaba, Sees High Growth
2014 Oct 17, 11:40amBrean Capital commented Friday that Alibaba Group Holding Ltd. (NYSE: BABA) is a "unique opportunity with high growth" ahead, according to Bloomberg. Analyst Fawne Jiang gave the company a Buy rating with a $100 price target. The report indicated that Alibaba provides investors with...
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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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UPDATE: Morgan Stanley Reiterates On Danaher Corporation Responding To DHR/A Push Back
2014 Oct 17, 10:52amIn a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Danaher Corporation (NYSE: DHR), but lowered the price target from $83.00 to $82.00. In the report, Morgan Stanley noted, “Following a solid 3Q14, we adjust our PT to $82. We also respond to feedback...
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UPDATE: Bank Of America On CF Industries Holdings Following End Of MOE Discussions
2014 Oct 17, 10:51amIn a report published Friday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on CF Industries Holdings (NYSE: CF), but lowered the price target from $306.00 to $283.00. In the report, Bank of America noted, “CF is settling into a steadier rhythm now following a period of...
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Bank Of America Comments On Apple's Tax Woes
2014 Oct 17, 10:04amIn a report released Friday morning, Bank of America analyst Wamsi Mohan provided some insight into how Ireland's decision to restructure its tax law will affect Apple Inc. (NASDAQ: AAPL). Mohan began by saying investors have taken a worst-case scenario approach, which assumes a 12.5...
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UPDATE: Morgan Stanley Reiterates On Associated Banc-Corp As Lower Provision Offsets Remediation Reserve Build
2014 Oct 17, 9:59amIn a report published Friday, Morgan Stanley analyst Ken A. Zerbe reiterated an Equal-Weight rating on Associated Banc-Corp (NASDAQ: ASBC), but removed the $18.00 price target. In the report, Morgan Stanley noted, “Associated's 3Q14 EPS beat our estimate by a penny but fell short of consensus,...
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