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Why BofA Says GameStop In 'Weaker' Place, Sees Downside To $10
Wednesday, January 27, 2021 - 11:55am | 349Video game retailer GameStop Corp. (NYSE: GME) traded above $350 per share Wednesday amid a massive short-covering bonanza, but the company is in a "weaker" place than it was before the rally, according to BofA Securities. The GameStop Analyst: Curtis Nagle maintains an...
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PlayStation 5, New Xbox Are Headwinds For GameStop: BofA
Monday, October 26, 2020 - 2:11pm | 476GameStop shares have are up 219% in the last six months, but one analyst thinks the gains will be short-lived. The GameStop Analyst: BofA Securities analyst Curtis Nagle reiterated an Underperform rating on GameStop Corp (NYSE: GME) with a $1.60 price target. The GameStop Takeaways: NThe...
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Why BofA Is Turning Bullish On Retailer At Home
Friday, July 31, 2020 - 2:58pm | 273BofA Securities upgraded At Home Group Inc (NYSE: HOME) from Underperform to Buy and raised price target from $5 to $16. Analyst Curtis Nagle said there is sustainability in home-related trends and listed the following as reasons for the upgrade: At Home is going beyond industry...
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The Street Debates Whether Best Buy Investors Should Buy The Dip
Friday, May 22, 2020 - 4:27pm | 1018Electronics retailer Best Buy Co., Inc. (NYSE: BBY) reported Thursday first quarter results, highlighted by a 5.7% year-over-year drop in comps which was still better than expected. EPS also came in better than expected but the stock traded lower as investors debated its outlook in an uncertain...
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GameStop's Short-Term Sales Boost To Power Down Soon, Analyst Says
Tuesday, April 21, 2020 - 12:52pm | 355The recent trend of elevated gaming software and hardware sales is expected to reverse soon, and be replaced by online sales and digital downloads, which spells a limited benefit for GameStop Corp. (NYSE: GME). The GameStop Analyst BofA’s Curtis Nagle maintained an Underperform rating for...
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7 Stocks To Buy On 'Phase One' Trade Deal
Wednesday, January 15, 2020 - 4:21pm | 1095Almost two years to the day that U.S. President Donald Trump first imposed tariffs on imported washing machines and solar panels, the U.S. and China have officially completed a "phase one" trade deal. Since the deal was announced in mid-December, the S&P 500 has rallied 3.4% on hopes...
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Bed Bath & Beyond Hope: Can The Struggling Retailer Turn It Around Soon?
Thursday, January 9, 2020 - 2:00pm | 645Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares continued to free fall on Thursday after a dismal third-quarter report. The results split sell-side analysts, with some convinced a new CEO will get the housewares chain turned around, but others warning they're still waiting for signs the...
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Bank Of America Initiates Purple Innovation With Bullish Rating, Sees Attractive Growth Opportunities
Thursday, December 19, 2019 - 3:16pm | 274Purple Innovation Inc (NASDAQ: PRPL) has executed its turnaround very well, which paves the way for growth over the next few years, according to Bank of America. The Analyst BofA’s Curtis Nagle initiated coverage of Purple Innovation with a Buy rating and a price target of $10. The Thesis...
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Analysts Furnish Portfolios With RH After Beat-And-Raise Quarter
Thursday, December 5, 2019 - 12:01pm | 764Restoration Hardware Holdings (NYSE: RH) surged Thursday after reporting its third consecutive bottom-line beat and raise. “To management’s credit, this is becoming a common theme, as earnings have surprised to the upside multiple times this year,” Raymond James analysts...
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At Home Wrecked: Analysts Break Down Retailer's Disastrous Forecast
Thursday, December 5, 2019 - 10:14am | 768At Home Group Inc (NYSE: HOME) beat top- and bottom-line third-quarter estimates but disappointed analysts with a guidance cut. The store has reduced pricing on Christmas and everyday merchandise as the holiday season rolls slowly. “We expect shares to be weak on the news, but believe...
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Best Buy Soars On Q3 Earnings Beat, But Tariffs Remain A Concern
Wednesday, November 27, 2019 - 12:55pm | 761Best Buy Co Inc (NYSE: BBY) shares hit a 52-week high Tuesday after reporting a third-quarter earnings beat. Tariffs At Front Of Mind For Best Buy Analysts High-quality growth is priced into Best Buy shares, as investors are “increasingly willing to pay a premium” for the...
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Market Loves Bed Bath & Beyond CEO Hire, But Analysts Warn Turnaround Is A Tough Job
Thursday, October 10, 2019 - 11:17am | 674Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares surged 25% Thursday after announcing it has hired Mark Tritton as its new CEO, stealing him from Target Corporation (NYSE: TGT). The move also drew praise from Wall Street analysts who said Tritton is a good fit for the housewares chain as it tries...
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Bed Bath & Beyond Analysts React To Q2 Print, Same-Store Sales Miss
Thursday, October 3, 2019 - 2:54pm | 890Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were volatile Thursday in the wake of the retailer's second-quarter same-store sales miss. Credit Suisse analyst Seth Sigman said the second-quarter results were weak and point to a company still undergoing a transition. “The quarter...
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Bed Bath & Beyond Rallies Ahead Of Q2 Print: 4 Analysts Weigh In
Monday, September 30, 2019 - 3:32pm | 659Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were trading sharply higher Monday, ahead of the retailer's Oct. 2 second-quarter report. The Street weighted in on the stock ahead of the quarterly print. The Analysts Wedbush analyst Jen Redding upgraded bed Bath & Beyond from...
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Analysts Agree: Nothing To Restore With RH Stock
Wednesday, September 11, 2019 - 12:29pm | 726Luxury lifestyle retailer of home goods RH (NYSE: RH) reported second-quarter results that came in above management's own pre-announcement in July. BofA: Another Beat And Raise RH reported a typical beat and raise quarter as results were "much stronger" than expected, Bank of America...