ISI Group

In a research report published this morning by ISI Group, Best Buy's (NYSE: BBY) management is taking the right course of action to right size their business. According to ISI Group, "U.S. sales growth in tablets, mobile phones, eReaders and appliances helped offset declines in notebooks, gaming,...

According to a research report published this morning, ISI Group has increased Urban Outfitters' (NASDAQ: URBN) PT to $28. In the report, ISI Group said, "URBN posted a solid 1Q last night driven by better-than-expected full-price selling, and the market should be even more enthused by management'...

ISI Group maintains its Hold rating and $29 price target on Lowe's Companies (NYSE: LOW). ISI Group says, "1Q EPS was in-line with expectations; gross margins were worse than expected offset by SG&A leverage. US comps were 2.7% vs our 5% (buy-side expectations were likely in the 4% range...

ISI Group reiterates its Buy rating and price target of $40 on Citigroup (NYSE: C) ISI Group notes, "[I]f we assume that Global Markets earns only 60% of what it did over the past 5 quarters (excluding CVA & DVA), C still trades at only 9x its current earnings power of $2.90. That figure...

ISI Group remains rated Buy with a price target of $52 on JP Morgan (NYSE: JPM) as it believes the market is discounting risks too heavily. ISI Group says, "[I]n a scenario where 1) the office of the CIO no longer makes any earnings, 2) a stringent Volcker Rule causes the long-term ROE of JPM's...

Listed below are Benzinga's Top Upgrades: Ladenburg Thalmann Upgrades Keryx Biopharmaceuticals (NASDAQ: KERX) to Buy: Ladenburg Thalmann said, "The importance of the Zerenex program has substantially increased following yesterday's announcement of the perifosine data. Zerenex's Phase III program...

Listed below are today's Top Downgrades at Benzinga: ISI Group Downgrades Staples (NASDAQ: SPLS) to Sell: ISI Group commented, "We are downgrading Staples to Sell from Hold, as the stock has bounced 8% ytd, yet secular fundamentals have not improved, European headwinds remain, and our surveys...

According to a research report published this morning, ISI Group has upgraded Costco (NASDAQ: COST) from Hold to Buy. ISI Group said in the report, "The stock has gone sideways YTD, despite 13% earnings growth, and growing FCF that should be more highly valued in a 2% 10 yr treasury world. ISI's...

According to a research report published this morning, ISI Group has downgraded Staples (NASDAQ: SPLS) from Hold to Sell. In the report, ISI Group commented, "We are downgrading Staples to Sell from Hold, as the stock has bounced 8% ytd, yet secular fundamentals have not improved, European...

Listed below are today's Top Upgrades at Benzinga: ISI Group Upgrades Vertex Pharmaceuticals (NASDAQ: VRTX) to Buy: ISI Group commented, "Some Street observers we've spoken with are bothered by the lack of a sweat chloride response in this trial. We STRONGLY disagree as sweat chloride is just a...