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Why This Analyst Sees Care.com Fetching Up To $16/Share In Potential Sale
Monday, October 28, 2019 - 12:18pm | 286Care.com Inc (NYSE: CRCM), an online platform to help people find and manage family care, is reportedly undertaking a strategic review and could sell itself in the $14 to $16 per share range, according to BTIG. The Analyst BTIG analyst Marvin Fong maintains a Buy rating on Care's stock with a $...
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What To Make Of Wendy's Breakfast Expansion
Tuesday, September 10, 2019 - 10:43am | 769Shares of Wendys Co (NASDAQ: WEN) lost more than 12% Tuesday after the company announced a nationwide expansion of its breakfast menu and lowered its guidance. Here is a summary of what some of the Street's top analysts are saying. Stephens: The Launch Wendy's will launch nationwide...
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BTIG: Innovative Industrial Properties 'Uniquely Positioned' For Cannabis Growth
Thursday, June 20, 2019 - 3:32pm | 337Innovative Industrial Properties Inc (NYSE: IIPR), the only NYSE-listed real estate company that focuses on the regulated U.S. cannabis industry, is "uniquely positioned" for future growth in the sector, according to BTIG. The Analyst Thomas Catherwood maintained a Buy rating on...
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2 Papa John's Analysts React To $80M Investment Plan
Thursday, June 20, 2019 - 11:34am | 413Pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA) said Wednesday that it will invest an additional $80 million in royalty relief, marketing campaigns and brand initiatives. The Analyst Stephens' Will Slabaugh maintained an Overweight rating on Papa John's with...
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BTIG: Vintage Capital's Offer To Red Robin Undercooked
Friday, June 14, 2019 - 4:15pm | 394Activist investor Vintage Capital Management sent a letter to Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) urging the board to review strategic alternatives — including a sale to the activist investor. The Analyst BTIG's Peter Saleh maintained a Neutral rating on Red...
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BTIG Drops Bullish MercadoLibre Stance, Says Payments Stock Has Limited Upside After Rally
Tuesday, June 4, 2019 - 11:26am | 361Following a 94-percent year-to-date gain, shares of MercadoLibre Inc (NASDAQ: MELI) seem appropriately valued, with balanced risk-reward, according to BTIG. The Analyst Marvin Fong downgraded MercadoLibre from Buy to Neutral. The Thesis While the fintech business seemed hugely...
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BTIG Says PayPal Remains Undervalued
Monday, May 6, 2019 - 12:54pm | 356Shares of Paypal Holdings Inc (NASDAQ: PYPL) have gained nearly 25 percent over the past year and 45 percent since December, but BTIG says the stock remains undervalued. The Analyst BTIG's Mark Palmer maintains a Buy rating on PayPal with a price target lifted from $114 to $130. The Thesis...
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Upwork Analyst Sees Pullbacks As Buying Opportunities
Friday, April 12, 2019 - 9:03am | 425Online freelancing platform Upwork Inc (NASDAQ: UPWK) is the dominant market leader, with plenty of growth opportunities ahead, according to BTIG. The Analyst Marvin Fong initiated coverage of Upwork with a Buy rating and $24 price target. The Thesis Upwork's market share is eight times...
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BTIG Bullish On GrubHub, Says Company Can Quadruple Restaurant Footprint
Wednesday, April 3, 2019 - 9:05am | 388Online and mobile food ordering and delivery company GrubHub Inc (NYSE: GRUB) could more than quadruple its existing footprint, according to BTIG. The Analyst BTIG's Peter Saleh initiated coverage of GrubHub with a Buy rating and $95 price target. The Thesis GrubHub has partnerships with...
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BTIG Raises Apple's Price Target, But Stock Could Be 'Ripe' For Near-Term Sell-Off
Monday, March 25, 2019 - 7:45am | 339Ahead of Apple Inc. (NASDAQ: AAPL)'s scheduled presentation Monday, BTIG turned more bullish on the stock over the longer term. The Analyst BTIG's Walter Piecyk maintains a Buy rating on Apple with a price target lifted from $189 to $220. The Thesis Apple's event titled "It's...
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Analyst Optimism Pushes Snap Shares Higher
Thursday, March 14, 2019 - 8:07am | 453For the first time since initiating coverage of Snap Inc (NYSE: SNAP)'s stock in 2017, BTIG is comfortable with a bullish stance despite multiple missteps over the past few years. The Analysts BTIG's Richard Greenfield upgraded Snap from Neutral to Buy with a new $15 price target. Jefferies...
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BTIG Likes MercadoLibre's Prospects In Brazil
Wednesday, March 13, 2019 - 1:12pm | 385The fintech industry is booming in Latin America, and one analyst sees a winner in Mercadolibre Inc (NASDAQ: MELI). The Rating BTIG analyst Marvin Fong maintained a Buy rating on MercadoLibre and raised his price target from $395 to $410. The Thesis By BTIG’s assessment, the fintech company...
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BTIG Downgrades Orthofix Medical On M6 Uncertainty
Tuesday, February 26, 2019 - 11:22am | 343Orthofix Medical Inc (NASDAQ: OFIX) reported quarterly results Monday that were broadly in-line with expectations while guiding to higher spending and linear revenue growth. Investors can look past the guidance and the announcement of CEO Brad Mason's retirement during a...
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BTIG Projects Rising Twitter User Numbers, Strong EBITDA
Wednesday, February 13, 2019 - 10:18am | 352Twitter Inc (NYSE: TWTR) reported top- and bottom-line fourth-quarter beats last week to close out the 2018 fiscal year. Between that and a 10-percent increase in monetizable daily active users, or mDAUs, the social media platform has analyst hearts aflutter. The Analyst BTIG analyst...
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BTIG Says Buy The Dip In Medtronic
Tuesday, January 15, 2019 - 3:00pm | 381Shares of medical technology company Medtronic PLC (NYSE: MDT) were flirting with the $100 per share mark for parts of 2018, but have since come down to a level that should be taken advantage of by investors, according to BTIG. The Analyst Analyst Sean Lavin upgraded Medtronic from...