Wedbush Morgan

Wedbush Morgan has an Outperform rating and a $33 price target on shares of GSI Commerce (NASDAQ: GSIC). In a note to clients, Wedbush writes, "Negative impact from a canceled NFL season not as bad as expected. Management's FY11 ecommerce revenue guidance was purposely conservative to account for...

Analysts at Wedbush Morgan reiterate their "outperform" rating on Aéropostale Inc (NYSE: ARO), while reducing their estimates for the company. The target price for ARO has been reduced from $34 to $32. Wedbush Morgan says, “As we believe management’s below consensus Q3 guidance is primarily priced...

Wedbush Morgan is out with a mid-day research report, where it initiated an Outperform rating on shares of Pegasystems Inc. (NASDAQ: PEGA); it has a $40.00 price target on the stock. The Wedbush analysts said that PEGA is the leading technology vendor in the Business Process Management space and...

Wedbush Morgan is out with a research report this afternoon, where it upgraded shares of Helen of Troy (NASDAQ: HELE) to Neutral from Underperform; its analysts have a $22 price target on the stock. The Wedbush Morgan analysts said, “Since management acknowledged on their earnings call last month...

WellCare (NYSE: WCG) announced a $137.5 million preliminary settlement related to the qui tam investigations. The settlement equates to approximately 12% of the company's market cap. Wedbush Morgan analysts are estimating that the increased settlement expense will result in negative 2Q10 EPS with a...

Analysts at Wedbush Morgan maintain their "neutral" rating on NVIDIA Corp (NASDAQ: NVDA). The target price for NVDA is set to $15. NVDA has posted a “mixed report that featured strong GM trends with seasonally lower revenue guidance and an inventory spike.” The analysts are forecasting a growth in...

Analysts at Wedbush Morgan reiterate their "neutral" rating on Urban Outfitters (NASDAQ: URBN). The target price for URBN is set to $40. URBN posted its Q1 EPS slightly below the estimates “due to higher-than-expected SG&A.” The analysts think that the URBN could be under pressured from “(1)...

At 1:38 pm, Dow plunged 210.25 points, or 1.95%, to 10,572.70, while the broader Standard & Poor's 500 index fell 27.59 points or 2.38%. The Nasdaq composite index has also slipped 63.45 points or 2.65%. While most of the industries are in red today, the top four industries are: Internet...

Analysts at Wedbush Morgan reiterate their "outperform" rating on PetSmart (NASDAQ: PETM). The target price for PETM is set to $35. PetSmart is scheduled to report its Q1 results after the market closes on May 19. Wedbush Morgan expects PETM’s results to be on the better than the “guidance for Q1...

Analysts at Wedbush Morgan maintain their "neutral" rating on Blockbuster (NYSE: BBI), while reducing their estimates for the company. The target price for BBI is set to $0.75. BBI posted Q1 results in-line with the expectations. BBI again has not issued “forward guidance except to say that the...