Sterne Agee accounts for Destination Maternity Corp.'s (NASDAQ: DEST) Q2 Retail Comps exceeding previous expectations.
According to Sterne Agee, “DEST reported Q2 retail comps up 3.2%, above our +0.5% estimate and Retail Metrics consensus at +0.8%. Excluding unusual calendar factors, comps were up about 0.7%.
According to Sterne Agee's report on CIT Group Inc. (NYSE: CIT), the company will continue to pay off $500 million in 7.000% notes moving them towards an ROE of 8%+.
Sterne Agee stated, “This will result in the company booking an additional $20 million in FSA related amortization, against interest expense in the second quarter, a non cash item.
Sterne Agee has published a report on OCZ Technology (NASDAQ: OCZ) expressing positive things to come from the Vertex 4 launch with a solid initial sell- through into the channel.
Google (NASDAQ: GOOG) has popped today and subscribers who followed the Cash Generator advice had the potential to make a 46.42% profit.
If you had bought Google when suggested by Benzinga on December 6 and sold now, you would have made the full 46.42%.
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Auriga reiterates its Buy rating and $125 target price on Deckers Outdoor (NASDAQ: DECK) as checks point to strong sell through.
Auriga says, “Following a recent round of channel checks at several local Nordstrom stores (JWN-NR), we are incrementally more bullish on DECK.
Auriga raises its rating on EZchip Semiconductor (NASDAQ: EZCH) to Buy from Hold and raises its price target to $37 from $34 on the company's router product cycle, higher ASP and new customers driving secular growth.
Auriga says, “We expect EZCH to benefit from a strong router product cycle at Cisco in 2012/2013.
Auriga maintains its Hold rating and lowered its target price to $48 from $58 on Columbia Sportswear (NASDAQ: COLM) as it cut estimates given unseasonably warm start to winter in many parts of the country.
Auriga says, “We are cutting our Q4 EPS estimate to $1.07 from $1.13 and 2012 estimate to $3.40 from $3.56.
Oppenheimer maintains its Perform rating on Citrix Systems (NASDAQ: CTXS) as new survey shows secure mobile work styles drive desktop virtualization demand.