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Piper Jaffray Ups Michael Kors To Overweight: Says Brand Is More Stable Than Previously Thought
Wednesday, April 27, 2016 - 10:33am | 305Read More...Piper Jaffray’s Erinn E. Murphy believes that following the recent share buyback and given the 8 percent free cash flow yield, the current valuation for Michael Kors Holdings Ltd (NYSE: KORS) offers an attractive entry point. Murphy upgraded the rating on the company from Neutral to...
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Under Armour: Piper Jaffray Analysts Not Getting Into Stock Before Earnings
Monday, April 18, 2016 - 9:16am | 298Read More...On April 3, Under Armour Inc (NYSE: UA) management reiterated its FY16 guidance, reflecting 25 percent sales growth and 23 percent earnings growth. Piper Jaffray’s Erinn E. Murphy has a Neutral rating for the company, with a price target of $35. The analyst said that the company’s Q1...
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Fitbit Estimates Raised At Piper Jaffray After Gaining 'Material' Mindshare In New Survey
Friday, April 15, 2016 - 10:40am | 317Read More...Fitbit Inc (NYSE: FIT) performed well in a teens survey. Piper Jaffray’s Erinn E. Murphy maintained a Neutral rating for the company, while raising the price target from $14 to $16. The analyst cited the reason for the upward revision as improved brand and category traction. Fitness...
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This Piper Survey Suggests Declining GoPro Demand
Friday, April 15, 2016 - 7:53am | 286Read More...Shares of GoPro Inc (NASDAQ: GPRO) gained 20 percent this week, after the company announced the appointment of Danny Coster, a former design veteran at Apple Inc. (NASDAQ: AAPL). Piper Jaffray’s Erinn E. Murphy maintained an Underweight rating on GoPro, with a price target of $7. The...
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New Survey Data Pushes Piper Jaffray To Upgrade Foot Locker, Downgrade Steve Madden
Wednesday, April 13, 2016 - 9:18am | 402Read More...Piper Jaffray’s semi-annual survey of the brand preferences and shopping behavior of teens revealed that apparel spending is down 12 percent y/y for upper-income females and down 1 percent y/y for upper income males. The survey also showed that accessories spending was down 13 percent y/y...
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The Bulls Leave The Building: Piper's Murphy Downgrades Fitbit
Tuesday, February 23, 2016 - 11:06am | 284Read More...Piper Jaffray's Erinn E. Murphy Fitbit Inc (NYSE: FIT) has downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $24 to $14. The company's Q4 results and Q1 guidance missed expectations. "We were surprised to the downside of the Q1...
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Piper's Murphy: GoPro Has 34% Downside
Monday, February 1, 2016 - 11:26am | 325Read More...GoPro Inc (NASDAQ: GPRO) shares have plunged 82.14 percent over the past six months, to a low of $10.57 on January 28. Piper Jaffray’s Erinn E. Murphy has maintained an Underweight rating on the company, while lowering the price target from $0.00 to $7.50. The company has...
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Piper Jaffray 'Cautious' On Under Armour, Says This Is Number To Watch
Tuesday, January 26, 2016 - 11:49am | 272Read More...Under Armour Inc (NYSE: UA) shares have been on a downward trajectory for three months, and have lost 28 percent since October 27. Piper Jaffray’s Erinn E. Murphy maintained a Neutral rating for the company, while reducing the price target from $88 to $64. While pointing out near...
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Under Armour's CFO Swap Isn't Making Piper Jaffray Buy In...Yet
Wednesday, December 23, 2015 - 10:41am | 305Read More...Under Armour Inc (NYSE: UA) shares have appreciated 18.38 percent year-to-date, rising close to their 52-week high on September 17 at $104.10. Piper Jaffray's Erinn E. Murphy has reiterated a Neutral rating on the company, with a price target of $88. The company has announced that the...
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Why This Noted Analyst Is Expecting A 'Solid' Q4 Report Out Of Fitbit
Monday, December 21, 2015 - 10:17am | 239Read More...Fitbit Inc (NYSE: FIT) shares have lost 32 percent in the last three months, even after rising to a high of $40.80 on November 2. Piper Jaffray’s Erinn E. Murphy maintained an Overweight rating on the company, and a price target of $60. The company could deliver strong conversion...
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Piper Jaffray Shows Continued Concern On GoPro, Warns Of 'Material Pricing Pressure' On HERO Models
Monday, December 21, 2015 - 10:06am | 326Read More...GoPro Inc (NASDAQ: GPRO) shares have lost 45 percent in the last three months, and are trading close to the lower end of their 52-week range of $15.90 - $69.75. Piper Jaffray’s Erinn E. Murphy maintained an Underweight rating on the company, and a price target of $15. The company...
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Piper Jaffray's Erinn Murphy Upgrades Coach To Overweight
Monday, December 14, 2015 - 10:23am | 335Read More...Shares of Coach Inc (NYSE: COH) have appreciated 3.93 percent over the past month, after having dipped close to their 52-week low on September 28. Piper Jaffray’s Erinn E. Murphy has upgraded the rating on the company from Neutral to Overweight, while raising the price target from $33 to $37...
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Piper Jaffray Throws In The Towel On 'Value Trap' Finish Line
Wednesday, December 9, 2015 - 10:27am | 352Read More...The share price of Finish Line Inc (NASDAQ: FINL) has declined 38.44 percent in the past six months, trading almost at the 52-week low on November 17. Piper Jaffray’s Erinn E. Murphy downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $25 to...
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GoPro Sales Forecast Lowered After Ambarella's Guidance Whiff, Piper Jaffray Warns
Friday, December 4, 2015 - 11:36am | 287Read More...Shares of GoPro Inc (NASDAQ: GPRO) are down 71 percent year-to-date, and are trading significantly below their 52-week high of $74.50. Piper Jaffray’s Erinn E. Murphy maintained an Underweight rating on the company, with a price target of $15. Weak guidance by GoPro’ key...
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2016 Could Be Fitbit's First Major Upgrade Cycle; Piper Thinks Stock Will Double
Thursday, December 3, 2015 - 11:28am | 274Read More...Shares of Fitbit Inc (NYSE: FIT) are up 2 percent since June 19, having hit their 52-week high of $51.90 on August 4. Piper Jaffray’s Erinn E. Murphy maintained an Overweight rating on the company, with a price target of $60. New products and expansion into the corporate wellness...
