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Benchmark Maintains Buy on InfoSpace After Management Meetings
Tuesday, May 29, 2012 - 7:23amThe Benchmark Company has published a research report on InfoSpace (NASDAQ: INSP) after hosting meetings with company management last week. In the report, Benchmark writes, "InfoSpace recently completed the acquisition of TaxACT. We had previously assumed that the rest of 2012 and possibly...
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Benchmark Initiates Coverage on Exactech with Buy Rating, $21 PT
Friday, May 18, 2012 - 9:39amIn a report published earlier today, the Benchmark Company, LLC initiated coverage on Exactech, Inc. (NASDAQ: EXAC) with a Buy rating and a price target of $21.00. Benchmark went on to say “We believe that the total worldwide market for orthopedic products is in excess of $30 billion. We estimate...
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Thursday, May 10, 2012 - 12:02pm
Benzinga's Top Upgrades with Color for May 10, 2012
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...
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UPDATE: Benchmark Lowers PT on The Dun & Bradstreet Corp
Wednesday, May 9, 2012 - 11:37amAccording to a research report this morning, Benchmark lowers PT from $82 to $68 on The Dun & Bradstreet Corp (NYSE: DNB) to reflect the 10x 2012E EPS. Benchmark stated, “2012 guidance calls for core-revenue growth of 0-3%, down from 3-5% and off a lower base due to divestitures. Operating...
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Benchmark Initiates Coverage on Under Armour
Wednesday, May 9, 2012 - 11:25amAccording to a research report this morning, Benchmark initiates a Buy rating on Under Armour (NYSE: UA), including a $104 PT. Benchmark stated, “We love the Under Armour brand and believe that it has multiple growth opportunities going forward, including an expansion of its core apparel line...
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UPDATE: Benchmark Increase PT on Blue Nile, Inc. to $32
Wednesday, May 9, 2012 - 11:08amAccording to a research report this morning, Benchmark increases its PT on Blue Nile (NASDAQ: NILE) from $28 to $32 to reiterate its in-line revenues for 1Q12. Benchmark stated, “A recovery in core engagement sales, up 3% y/y, including a reacceleration of high end growth at price points below $25...
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UPDATE: Benchmark Upgrades Fossil to Buy Rating; Lowers PT
Wednesday, May 9, 2012 - 10:38amAccording to a research report this morning, Benchmark upgrades Fossil (NASDAQ: FOSL) from Hold to Buy rating and lowers the PT from $130 to $100 following the Skagen acquisition. Benchmark stated, “The Company lowered 2012 guidance by $0.17, or 3%, excluding Skagen, on softness in Europe and a...
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Benchmark: Results In-line for Rackspace Hosting Inc as Preparations are Made for New Product Roll-out
Tuesday, May 8, 2012 - 8:24amAccording to a research report this morning from Benchmark, Rackspace Hosting (NYSE: RAX) reported strong trends from 1Q12 as their results match street expectations. The outlook is positive as the online hosting company prepares to launch OpenStack cloud platform. Benchmark stated, “Rackspace...
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Monday, May 7, 2012 - 3:01pm
Rackspace Earnings Preview: Takeover Candidate?
Rackspace (NYSE: RAX) is set to report Q1 earnings after the market closes today. Consensus analyst expectations for today's earnings release are revenues of approximately 300M and earnings per share of $0.18. Revenue of 300M would represent growth of about 30% from the same quarter last fiscal...
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UPDATE: Benchmark Company Maintains Hold Rating, Lowers PT for Warnaco Group
Friday, May 4, 2012 - 9:33amIn a report released earlier today, The Benchmark Company, LLC maintained its Hold rating for the Warnaco Group, Inc. (NYSE: WRC) but lowered its price target from $60.00 to $55.00. Benchmark went on to say “Warnaco reported EPS from continuing operations declined 18% to $0.90, versus $1.10 last...
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