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Long-Time Clear Channel Bull Drops Sell-Ax On Company, Calls For 40% Downside
Wednesday, February 17, 2016 - 9:30am | 296Shares of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) have plummeted 62.68 percent over the past year, almost down to the 52-week low on Tuesday at $3.53. Topeka Capital’s David W. Miller has downgraded the rating on the company from Buy to Sell, while lowering the price target...
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Yelp, Angie's List Seen As Most Likely Acquisition Candidates In SMID-Cap Internet
Thursday, December 3, 2015 - 11:50am | 518Blake Harper of Topeka Capital Markets reviewed the small-mid cap Internet sector, noting that consolidation in the space is "likely to continue." Harper suggested that potential acquisition targets include companies with mobile user bases, unique assets, and marketplaces with large...
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Forte On Groupon: Turn The Volume Up To $11
Friday, July 31, 2015 - 8:44am | 480In a report published Friday, Brean Capital analyst Tom Forte maintained a Buy rating and price target of $11 on Groupon Inc (NASDAQ: GRPN). The analyst attributes the 42 percent decline in the share price since late February to a “buyer’s strike.” 3 Reasons To Buy...
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Analysts Like Yelp's Treasure Trove, Even If It May Never Be Bought Out
Tuesday, July 28, 2015 - 11:35am | 583Shares of Yelp Inc (NYSE: YELP) fell 2.4 percent on Monday trading, ahead of the announcement of the company’s second-quarter financial results, scheduled for after the market closes on Tuesday. According to Estimize, experts are modeling consensus earnings of $0.01 per share (down 75...
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AMC Networks Downgraded By Topeka: Here's Why
Tuesday, June 23, 2015 - 8:20am | 289In a report published Tuesday, Topeka Capital analyst David W. Miller downgraded the rating on AMC Networks Inc (NASDAQ: AMCX) from Buy to Hold, with an $85 price target. The stock has risen 28.6 percent in 2015 alone, reflecting a drastic shift in sentiment towards it. "In many ways, 2015 thus far...
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Micron Just Upgraded At Topeka Capital, But Why?
Friday, June 19, 2015 - 9:00am | 343In a report published Friday, Topeka Capital analyst Suji Desilva upgraded the rating on Micron Technology, Inc. (NASDAQ: MU) from Hold to Buy, while raising the price target from $30 to $34. The company is expected to benefit from a PC upgrade cycle in C2H15, which should drive stability in DRAM...
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Topeka Initiates Shutterstock, RetailMeNot At Buy
Thursday, May 28, 2015 - 6:41am | 272In separate reports, Topeka Capital Markets analyst Blake T. Harper initiated coverage of two online shopping companies with a Buy rating. The price target of Shutterstock Inc (NYSE: SSTK) was set at $92, while that of RetailMeNot Inc (NASDAQ: SALE) was at $28. "We expect Shutterstock to continue...
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Lululemon Q4 Preview: Analysts See An Earnings Beat
Wednesday, March 25, 2015 - 10:38am | 515Lululemon Athletica inc. (NASDAQ: LULU) is scheduled to report its fourth quarter results on Thursday before market open. Analysts are expecting the company to earn $0.73 per share on revenue of $598.82 million. Deutsche Bank: Remain Sidelined In a report published Tuesday, Deutsche Bank...
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L Brands 'Still Very Sexy' At Topeka, Buy Rating Initiated
Tuesday, March 24, 2015 - 10:03am | 119In a report published Monday, Topeka Capital Markets analyst Dorothy Lakner initiated coverage of L Brands Inc (NYSE: LB) with a Buy rating and $106 price target, as its two powerful brands have plenty of room to grow both domestically and internationally. Lakner argued that Victoria's Secret has a...
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Why Wall Street Is Talking About The Gap
Wednesday, March 18, 2015 - 3:18pm | 406Gap Inc (NYSE: GPS) hosted a sell-side Analyst Meeting in New York City to introduce new CEO Art Peck and was attended by CFO Sabrina Simmons. The company highlighted its plans to put the flagship Gap brand back on track. Barclays analysts maintained an Overweight rating on the company with a price...
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UPDATE: Topeka Initiates Coverage On Premier
Monday, January 26, 2015 - 4:37pm | 107In a mid-day report Monday, analyst Eugene Mannheimer of Topeka Capital Markets gave Premier Inc (NASDAQ: PINC) a Buy rating with a $35.00 price target. On his initial coverage, Mannheimer praised the company's ability to leverage its broad array of data assets as an industry leader in...
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Topeka Suggests eBay Investors 'Remain On The Sidelines On Weak Fundamentals'
Thursday, January 22, 2015 - 8:29am | 145Victor Anthony of Topeka Capital Markets on Thursday reiterated a Hold rating on shares of eBay Inc (NASDAQ: EBAY) with a $57 price target, as shares are likely to remain range-bound until the company finalizes a split of its PayPal segment. “Gross Merchandise Volume growth continues to...
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Topeka Capital Markets Previews Netflix Q4 Earnings
Thursday, January 15, 2015 - 8:25am | 148In a report published Thursday, Topeka Capital Markets analyst David W. Miller reiterated a Buy rating and $494.00 price target on Netflix, Inc. (NASDAQ: NFLX). In the report, Topeka Capital Markets noted, “We are previewing NFLX's Q4 earnings, which will be reported after the close next Tuesday....
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Topeka Capital Markets Sees Strong December Sales for The Gap
Friday, January 9, 2015 - 9:40am | 136In a report published Friday, Topeka Capital Markets analyst Dorothy S. Lakner reiterated a Buy rating and $50.00 price target on Gap Inc (NYSE: GPS). In the report, Topeka Capital Markets noted, “GPS' comps for December were in line with our +1% estimate, led by a stronger than expected Old Navy...
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Topeka Capital Markets Initiates Coverage On Gulfport Energy
Monday, December 29, 2014 - 5:45pm | 195Topeka Capital Markets initiated coverage on Gulfport Energy Corporation (NASDAQ: GPOR) Monday with a Buy rating and $58 price target. Analyst Gabriele Sorbara noted that “with the recent reset of expectations and weakness in natural gas prices, we believe a strong entry point has emerged...