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Oppenheimer Does Not Like American Express
Friday, April 17, 2015 - 12:38pm | 292In a report published Friday, Oppenheimer analyst Ben Chittenden commented on American Express Company (NYSE: AXP) following its first quarter results in which the company reported better-than-expected earnings on a worse-than-expected revenue. Chittenden noted that American Express reported an...
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Citigroup Says SanDisk's Numbers Will Improve
Thursday, April 9, 2015 - 10:19am | 268In a report published Wednesday, Citigroup analyst Joe Yoo commented that SanDisk Corporation (NASDAQ: SNDK) faces several "troubling" near-term challenges, but this isn't necessarily a bad thing for investors as much of the bad news is already reflected in lowered earning per share estimates....
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What RBC Analysts Are Watching In The Auto Space Ahead Of Earnings
Wednesday, April 8, 2015 - 12:58pm | 504In a report published Tuesday, RBC Capital Markets analyst Joseph Spak previewed the U.S. Auto and Auto Parts sector ahead of earning season, noting that first quarter results should be "fine" but the larger focus will be on the outlook. According to Spak, foreign exchange translation...
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Stifel Upgrades VeriFone, Sees 'Impressive EMV Success Lost In Translation'
Tuesday, April 7, 2015 - 9:11am | 230In a report published Tuesday, Stifel analyst Christopher Brendler upgraded shares of VeriFone Systems Inc (NYSE: PAY) to Buy from hold with an unchanged $42 price target as the company has seen "remarkable" recent success with EMV terminal upgrades that has yet to be fully appreciated by the...
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Deutsche Bank: Time To Sell AGCO Corp
Monday, April 6, 2015 - 3:11pm | 321In a report published Sunday, Deutsche Bank analyst Vishal Shah downgraded AGCO Corporation (NYSE: AGCO) to Sell from Hold with a price target slashed to $40 from a previous $48, as the market is "far too optimistic" over the company's 2015 earnings. "In our view,...
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JPMorgan Cut Its Johnson & Johnson Forecast Before Earnings, But Why?
Monday, April 6, 2015 - 3:00pm | 304In a report published Monday, JPMorgan analyst Michael Weinstein discussed Johnson & Johnson (NYSE: JNJ)'s upcoming first quarter report, scheduled for Tuesday, April 14. Weinstein noted that he is expecting a largely in-line quarter on the top line given an improved pharmaceutical...
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Procter & Gamble Investors Appear To Not Care About This Big Downgrade
Thursday, April 2, 2015 - 11:14am | 151In a report published Thursday, BMO Capital Markets Connie Maneaty downgraded shares of Procter & Gamble Co (NYSE: PG) to Market Perform from Outperform with a price target lowered to $84 from a previous $100, primarily due to revisions tied to foreign exchange. According to Maneaty, the...
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Here's Why Goldman Sachs Doesn't Like Garmin Anymore (Hint: It Has To Do With Fitness)
Thursday, April 2, 2015 - 10:16am | 194In a report published Wednesday, Goldman Sachs analyst Simona Jankowski downgraded shares of Garmin Ltd. (NASDAQ: GRMN) to Neutral from Buy with a price target slashed to $54 from a previous $63 as key catalysts that drove the stock higher have now passed. According to Jankowski, Garmin's fourth...
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EXCLUSIVE: Peter Schiff Says QE4 Is 'Where We Are Headed'
Wednesday, March 18, 2015 - 10:21am | 885Speaking to Benzinga, Euro Pacific Capital CEO Peter Schiff said that he thinks it is "more likely than not" that the Fed will remove the word "patient" from its commentary on Wednesday afternoon -– but it is not a sure thing. "If they remove it," he said,...
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Casino Stocks Lower As 2 Analysts Issue Bearish Comments
Tuesday, March 10, 2015 - 11:33am | 507Casino stocks on Tuesday traded lower as analysts from both Deutsche Bank and Credit Suisse issued bearish comments and a weak outlook for the industry. Shares of Melcro Crown Entertainment Ltd (NASDAQ: MPEL) and MGM Resorts International (NYSE: MGM) were trading lower by around 3 percent...
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MKM Partners Expects Dollar Tree To Report Strong Same-Store Sales, Solid Margins In Q4
Monday, February 23, 2015 - 12:26pm | 352In a report published Monday, MKM Partners analyst Patrick McKeever previewed Dollar Tree, Inc.'s (NASDAQ: DLTR) fourth quarter print and argued the company is set to report another quarter of strong same-store sales and solid margins. McKeever projected that Dollar Tree on Wednesday will...
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Shutterstock Is A 'High Quality Business With A Large Opportunity Ahead'
Friday, February 13, 2015 - 1:06pm | 249In a report published Friday, Jefferies analyst Brian Fitzgerald said that Shutterstock Inc (NYSE: SSTK) showed a "strong finish" to the year and that the company should be viewed as a "high quality business with a large opportunity ahead of it." Fitzgerald noted three key focus point for investors...
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Why Did Stifel Decrease Estimates At 3 Food Companies? (Hint: A Lot Has To Do With FX)
Friday, February 13, 2015 - 1:02pm | 532In a report published Friday, Stifel analyst Christopher Growe lowered his price target on TreeHouse Foods Inc. (NYSE: THS) while also lowering his earnings per share estimate on Kraft Foods Group Inc (NASDAQ: KRFT) and WhiteWave Foods Co.(NYSE: WWAV) TreeHouse Foods: ‘Surprised' By FX Hit To...
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U.S. Dollar Likely A Headwind For Cisco Systems Ahead Of Earnings
Wednesday, February 11, 2015 - 10:07am | 235Rod Hall of JPMorgan on Wednesday commented in a note that Cisco Systems, Inc. (NASDAQ: CSCO) will likely report a "typical" one cent to two cent earnings per share beat when it reports its second quarter results on Wednesday after market close. Despite a projected earnings beat, the analyst...
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Deutsche Bank Previews V.F. Corp Q4 Results And 2015 Outlook
Tuesday, February 10, 2015 - 1:11pm | 257Dave Weiner of Deutsche Bank on Tuesday commented in a note that V.F. Corp (NYSE: VFC) is expected to report strong underlying core trends and a strong finish to the year while facing the potential for "out-sized" foreign exchange pressures. Weiner now expects the company will report an earnings...