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Jefferies Raises Costco Wholesale Price Target
Friday, December 5, 2014 - 11:31am | 222Jefferies raised its price target on Costco Wholesale Corporation (NASDAQ: COST) Thursday from $118 to $130 and maintained a Hold rating. Analysts led by Daniel Binder noted that “Total reported SSS increased 5 percent, driven by a better-than-expected 9 percent US core performance. There...
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UPDATE: Jefferies Reiterates On PetSmart As Deal Speculation Is Driving Stock
Thursday, November 20, 2014 - 10:01am | 120In a report published Thursday, Jefferies analyst Daniel Binder reiterated a Hold rating on PetSmart, Inc. (NASDAQ: PETM), and raised the price target from $70.00 to $78.00. In the report, Jefferies noted, “PETM beat EPS expectations on expenses as it took 1x charges. PETM has hired lots of...
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UPDATE: Jefferies Reiterates On Office Depot As Business Model Changes Will Take Time
Wednesday, November 5, 2014 - 10:30am | 116In a report published Wednesday, Jefferies analyst Daniel Binder reiterated a Hold rating on Office Depot Inc (NASDAQ: ODP), and raised the price target from $5.25 to $6.50. In the report, Jefferies noted, “Merger synergies are being realized quickly and expectation are in an upward revision cycle...
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Analysts Say Dollar Tree Comps Up, Margin Down On Merchandise Strategy
Friday, August 22, 2014 - 12:00pm | 411Dollar Tree's (NASDAQ: DLTR) relatively robust same-store sales growth of late resulted from a tactic that could get a big boost from its controversial plan to acquire Family Dollar Stores (NYSE: FDO). Same-store sales grew 4.5 percent in the recent quarter, the fastest rate since 2011 and...
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Analysts Reactions Mixed Following Target's Q2 Results
Thursday, August 21, 2014 - 2:57pm | 931By most measures, Target (NYSE: TGT) reported disappointing second quarter results Wednesday. Target pre-announced its second quarter results on August 5. At that time the retailer cut its second quarter earnings to $0.78 from a prior guidance of $0.85 to $1.00. On Wednesday, Target reported...
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The Drama Continues In The Dollar Store Space
Wednesday, August 20, 2014 - 3:07pm | 848Family Dollar (NYSE: FDO) on Monday confirmed it received an offer to be acquired by Dollar General (NYSE: DG) for $8.9 billion. Family Dollar said in a statement hat it "remains subject to the merger agreement with Dollar Tree, and the Company's Board of Directors has not changed its...
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Jefferies Mostly Positive On Retailers Ahead Of Earnings
Tuesday, August 12, 2014 - 11:53am | 1212Jefferies analyst Daniel Binder released an earnings preview ahead of major retailers that are set to announce quarterly results. “We started the second quarter with conservative estimates and early reports have been mixed,” Binder wrote in a note to clients on Tuesday. “We...
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UPDATE: Jefferies Downgrades Wal-Mart On Likely EPS Pressure
Monday, August 11, 2014 - 8:53am | 131In a note published Monday, Jefferies analyst Daniel Binder downgraded shares of Wal-Mart (NYSE: WMT) from Buy to Hold and lowered the price target from $89 to $76. "We think sales expectations are reasonably low for Q2 following management commentary intra quarter about business being no...
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UPDATE: Jefferies Downgrades Lumber Liquidators; Shares Continue To Fall
Thursday, July 10, 2014 - 9:33am | 185After the market closed Wednesday evening, Lumber liquidators (NYSE: LL) announced a significant miss in the second quarter, and the Street has not taken it well. Shares of the company traded down eight percent Wednesday in the run up to the release and have dropped 22 percent Thursday morning...
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Jefferies Thinks Family Dollar And Dollar General Merger Is Likely
Monday, June 9, 2014 - 9:44am | 347Family Dollar (NYSE: FDO) and Dollar General (NYSE: DG) are moving higher Monday morning following Carl Icahn’s 9.39 percent stake in Family Dollar. In his filing, Icahn said he plans to consider strategic alternatives for Family Dollar. Although management teams have pushed against a...
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Analysts See Positive Future Ahead For Home Depot Even Amid First Quarter EPS Miss
Thursday, May 22, 2014 - 2:51pm | 284Home Depot (NYSE: HD) released first quarter results Tuesday to cautious, but overall positive, responses from analysts. Analysts made note that a resurgence in the housing market and strong May sales has Home Depot well positioned after a worse-than-expected first quarter. Home Depot missed...
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UPDATE: Jefferies Reiterates On Lowe's Companies On Muted Stock Reaction
Thursday, May 22, 2014 - 9:31am | 123In a report published Thursday, Jefferies analyst Daniel Binder reiterated a Hold rating on Lowe's Companies (NYSE: LOW), and raised the price target from $45.00 to $47.00. In the report, Jefferies noted, “Despite improvement in May trends, LOW shares saw a muted stock reaction as investors...
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UPDATE: Jefferies Reiterates On PetSmart On Rising Competition, Declining EPS
Thursday, May 22, 2014 - 8:57am | 107In a report published Thursday, Jefferies analyst Daniel Binder reiterated a Hold rating on PetSmart (NASDAQ: PETM), but lowered the price target from $68.00 to $55.00. In the report, Jefferies noted, “Q2 results and guidance were unsettling to say the least as fears of increased competition...
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UPDATE: Jefferies Reiterates On Target On Challenges Ahead
Thursday, May 22, 2014 - 8:56am | 120In a report published Thursday, Jefferies analyst Daniel Binder reiterated a Hold rating on Target (NYSE: TGT), but lowered the price target from $57.00 to $52.00. In the report, Jefferies noted, “Management's sense of urgency is elevated and change is coming in the US, Canada and online. The...
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UPDATE: Jefferies Initiates Coverage on The Container Store Group on Valuation
Tuesday, November 26, 2013 - 10:05am | 116In a report published Tuesday, Jefferies analyst Daniel Binder initiated coverage on The Container Store Group (NYSE: TCS) with a Hold rating and $37.00 price target. In the report, Jefferies noted, “We are upbeat on this company and believe it has a long runway for unit growth ahead. Mgmt. has...