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Advance Auto Parts Sales Trends Could Lengthen Turnaround
Tuesday, May 17, 2016 - 4:17pm | 302Cleveland Research said softer industry trends over the last 30&ndas;45 days pose some risk to the first-quarter comp of Advance Auto Parts, Inc. (NYSE: AAP). Cleveland expects comp at -1.0 percent versus consensus -0.3 percent. The brokerage also slashed its first-quarter EPS estimate more in line...
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Cleveland Research: FTC Blocking Staples/Office Depot Merger 'Most Probable Outcome'
Thursday, July 23, 2015 - 1:40pm | 411In a report published Thursday, Cleveland Research Company analyst Daryl Boehringer detailed why he is taking a "cautious view" on the Office Products sector with a particular focus on Office Depot Inc (NASDAQ: ODP). Boehringer started off by stating that he remains "skeptical...
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'Integration Disruptions Becoming Bigger Concern' For Advance Auto Parts
Wednesday, April 1, 2015 - 5:12pm | 257Cleveland Research commented on Advance Auto Parts, Inc. (NYSE: AAP) Wednesday and said that integration disruptions were becoming a bigger concern. Analysts led by Daryl Boehringer felt that merger-related disruption had lead to a "wider degree of underperformance" and that channel...
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Cleveland Research Raised Estimates on Best Buy Prior to Earnings
Friday, November 15, 2013 - 1:24pm | 88Cleveland Research analyst Daryl Boehringer raised estimates on Best Buy Co., Inc. (NYSE: BBY) assuming market share gains in earnings report next week. Boehringer commented on Best Buy's improved comp/ margin trajectory, ongoing cost savings, and upcoming product introductions tailwinds....