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Shifting Gears On Auto Parts Stores: AutoZone, Advance Auto And O'Reilly's Downgraded
Friday, July 7, 2017 - 12:02pm | 603Read More...The aftermarket auto parts sector isn't a "wreck," according to Bank of America's Denise Chai. Although many stocks are trading near their respective multi-year lows, the sector is suffering from various industry wide trends and entering a period of lower sustained growth after a...
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Lowe's Shares Edge Higher As Bank Of America Adds Stock To 'US1' List
Wednesday, August 24, 2016 - 11:35am | 447Read More...Shares of Lowe's Companies, Inc. (NYSE: LOW) edged higher by nearly 1 percent ahead of Wednesday's market open after the company was added to Bank of America's "US1 list." Bank of America's Denise Chai suggested in a research report that investors take advantage of recent weakness in Lowe's stock...
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BofA Calls Dollar General 'A Stock For All Seasons'; Upgrades To Buy
Wednesday, May 4, 2016 - 12:31pm | 271Read More...Denise Chai of Bank of America Merrill Lynch believes the recent 10 percent pullback in Dollar General Corp. (NYSE: DG)'s share price presents an attractive buying opportunity. Chai upgraded the rating on the company from Neutral to Buy, while raising the price target from $98 to $100. Growth...
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Calls Of Note: The Research Moving Stocks On Friday
Friday, September 4, 2015 - 12:40pm | 841Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Bank Of America Upgrades Dollar Tree To Buy Denise Chai of Bank of America upgraded shares of Dollar Tree, Inc. (NASDAQ: DLTR) to Buy from Neutral...
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AutoZone: A 'Rare Rate Hike Beneficiary'
Thursday, August 27, 2015 - 1:10pm | 334Read More...Bank of America Merrill Lynch added AutoZone, Inc. (NYSE: AZO) to its U.S. 1 list (of top investment ideas) on Thursday. According to the report, analysts Denise Chai and Curtis Nagle give the stock a Buy rating and $865.00 price target “in an environment where S&P 500 earnings growth...
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Why Everyone's Talking About Party City Today
Tuesday, May 26, 2015 - 4:22pm | 607Read More...Analysts initiated coverage on Party City Holdco Inc (NYSE: PRTY) Tuesday following the expiration of the quiet period. The Street was largely bullish on the designer, manufacturer and distributor of decorated party supplies. Amid the new coverage, the stock traded at $21.86, up 0.28 percent...
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Bank Of America: Bed Bath & Beyond EPS Growth Solely From Buybacks
Thursday, April 9, 2015 - 2:38pm | 221Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY)'s share buybacks are the company's sole source of earnings growth and are likely to diminish going forward, an analyst said Thursday. Bank of America's Denise Chai reiterated her Underperform rating on retailer and said online competition and the company's...
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UPDATE: Bank Of America Reiterates On Office Depot On Possible Acquisition By Staples
Friday, December 12, 2014 - 9:18am | 206Read More...In a report published Friday, Bank of America analyst Denise Chai reiterated a Buy rating on Office Depot (NASDAQ: ODP), and raised the price target from $8.00 to $9.50. In the report, Bank of America noted, “We see a possible acquisition of ODP by SPLS as increasingly likely for two reasons: 1)...
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UPDATE: Bank Of America Upgrades Staples On Strengths Magnified By Combination
Friday, December 12, 2014 - 8:55am | 151Read More...In a report published Friday, Bank of America analyst Denise Chai upgraded the rating on Staples, Inc. (NASDAQ: SPLS) from Underperform to Buy, and raised the price target from $10.00 to $20.00. In the report, Bank of America noted, “We are upgrading SPLS to Buy from Underperform and raising our...
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Bank Of America Raises Price Targets On 3 Auto Part Retailers
Wednesday, December 3, 2014 - 12:28pm | 172Read More...On Wednesday, analysts at Bank of America raised the price targets on three auto part retailers. Advance Auto Parts, Inc. (NYSE: AAP) raised price target from $165 to $171, maintained Buy rating. O’Reilly Automotive Inc (NASDAQ: ORLY) raised price target from $181 to $203,...
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Bank Of America Sees More Market Share Gains For Tempur Sealy
Tuesday, November 25, 2014 - 1:21pm | 242Read More...Tempur Sealy International Inc (NYSE: TPX) will continue to take market share from competing mattress makers, even as its short-term profit margins remain under pressure, an analyst said Tuesday. Bank of America's Denise Chai maintained a Buy rating and $61 target on the company, saying it...
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Analysts: Buyout Chatter Overshadows PetSmart Q3
Wednesday, November 19, 2014 - 3:33pm | 254Read More...PetSmart, Inc.'s (NASDAQ: PETM) third-quarter results continued to be overshadowed Wednesday by prospects that the retailer could get bought out, analysts said. Phoenix-based PetSmart gained nearly 6 percent Wednesday to $77.91 per share. Along with beating third-quarter earnings...
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UPDATE: Bank Of America Upgrades PetSmart
Wednesday, November 19, 2014 - 9:26am | 170Read More...Following the company’s financial results, Bank of America upgraded shares of PetSmart, Inc. (NASDAQ: PETM) from Underperform to Neutral and raised the price target from $55 to $80. Analysts feel that the announced cost saving plan to reduce costs by $200 million through 2016 can...
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Bank Of America Believes PetSmart, Inc. Has A Formidable Competitor On Its Tail
Friday, September 26, 2014 - 9:56am | 194Read More...In a report published Friday, Bank of America analyst Denise Chai reiterated an Underperform rating and $55.00 price target on PetSmart, Inc. (NASDAQ: PETM). In the report, Bank of America noted, “On Wednesday, Tractor Supply announced the opening of a new retail concept, Hometown Pet, dedicated to...
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Bank Of America Sees Sunnier Days Ahead For Tractor Supply Company
Friday, September 26, 2014 - 9:32am | 139Read More...In a report published Friday, Bank of America analyst Denise Chai reiterated a Buy rating and $80.00 price target on Tractor Supply Company (NASDAQ: TSCO). In the report, Bank of America noted, “Excluding home furnishings (especially PIR and TCS), Tractor Supply has been the worst performer among...
