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UPDATE: ISI Initiates Coverage on PAREXEL With a Neutral Rating
Tuesday, May 21, 2013 - 9:26am | 232In a report published on Tuesday, International Strategy & Investment Group analyst Ross Muken initiated coverage on PAREXEL (NASDAQ: PRXL) with a Neutral rating and a $50 PT. In the report, ISI noted that, "Impressive top-line growth at PRXL (>20% in FY13E) has been driven by a robust...
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UPDATE: ISI Group Reiterates Charter Communications on Buy-In Speculation from Liberty Media
Tuesday, March 19, 2013 - 9:32am | 160In a report published by ISI Group, analyst Patrick Villani reiterated his Buy rating and $100 price target on Charter (NASDAQ: CHTR). ISI Group reported that, “Charter Communications shares jumped +8.8% on Monday with the market chatter that Liberty Media (LMCA, Buy, PT: $127) might invest $2.5B...
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UPDATE: ISI Group Reiterates $119 PT and Strong Buy Rating on Caterpillar on Solid Performance
Monday, March 18, 2013 - 12:12pm | 155ISI Group analyst David Raso published a report on Caterpillar (NYSE: CAT) that reiterated its Strong Buy rating and lowered the price target from $120 to $119. ISI Group reported that, “Despite the Machinery sector continues to perform fairly well, investors are currently “fearing the calendar” (...
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UPDATE: ISI Group Raises PT on Charter Communications on Subscriber Increase and Acquisition Potential
Monday, March 11, 2013 - 10:49am | 133In a report published Monday, ISI Group reiterated its Buy rating on Chater Communications (NASDAQ: CHTR) and raised its price target from $88 to $100. ISI Group reported that, “Investors are prepared for a 2H13 reacceleration of growth, to be aided in part by 2%-3% rate increase in mid-February...
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UPDATE: ISI Group Raises PT on Deckers Outdoor after Revising EPS Estimates
Friday, March 1, 2013 - 2:07pm | 193In a report published Friday, ISI Group reiterated Deckers Outdoor's (Nasdaq: DECK) Buy rating and sees light emerging at end of tunnel. ISI Group reported that, “While 4Q was a mixed bag (16¢ beat driven by SG&A and share buybacks), key barometers of UGG's health and relevance (flattish U.S....
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UPDATE: ISI Group Maintains Neutral on Best Buy after Static International Comps
Friday, March 1, 2013 - 12:03pm | 100In a report published Friday, ISI Group reiterated Best Buy (NYSE: BBY) at Neutral on weakness in consumer electronics and entertainment. ISI Group reported that, “Domestic EBIT margins, down just 150bp to 5.9% drove the surprise vs our down 240bp estimate. Charges, mostly non-cash, of over $1bn...
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Urban Outfitters Soars as Fossil Drops on Downgrade
Tuesday, August 21, 2012 - 9:04am | 577Struggling for many months leading up to its second quarter earnings call, Urban Outfitters (NASDAQ: URBN) pulled off a beat that had traders frantically snatching up shares on Monday in after-hours trading. Conversely, Fossil (NASDAQ: FOSL) was downgraded from Buy to Hold on Tuesday morning as the...
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UPDATE: ISI Raises Pebblebrook Hotel Trust's PT
Monday, April 30, 2012 - 9:34am | 85According to a research report published this morning, ISI has increased Pebblebrook Hotel Trust's (NYSE: PEB) PT from $23 to $24. In the report, ISI said, "PEB is experiencing better-than-expected results from many recently renovated hotels (Minneapolis Grand, Sir Francis Drake, Affinia Manhattan...
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UPDATE: ISI Raises Dominion Resources' PT
Monday, April 30, 2012 - 9:30am | 130According to a research report published this morning, ISI has increased Dominion Resources' (NYSE: D) PT from $51 to $52. In the report, ISI said, "On April 26th, Dominion announced its intention to move forward with the Cove Point Liquefaction project at its existing re-gasification and storage...
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UPDATE: ISI Lowers CME Group's PT
Friday, April 27, 2012 - 10:20am | 133According to a research report published this morning, ISI has lowered CME Group's (NASDAQ: CME) PT from $285 to $275. In the report, ISI commented, "However, we view core EPS power at ~$3.90 ex a 1-time tax benefit partially offset by ~$0.05 of 1-time expenses. Overall, the quarter was slightly...
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UPDATE: ISI Raises Taubman Centers' PT
Friday, April 27, 2012 - 10:14am | 117According to a research report published this morning, ISI has increased Taubman Centers' (NYSE: TCO) PT from $75 to $82. In the report, ISI commented, "Taubman reported 1Q12 FFO of $0.75 which was $0.04 ahead of our estimate and the Street consensus. NOI basically blew past our estimate, beating...
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UPDATE: ISI Raises Tanger Factory Outlet Centers' PT
Wednesday, April 25, 2012 - 8:31am | 116According to a research report published this morning, ISI has increased Tanger Factory Outlet Centers' (NYSE: SKT) PT to $32. In the report, ISI said, "SKT reported 1Q12 FFO of $0.36, a penny below the street and $0.03 below our estimate. The main variances was $0.02 from dead deal and...
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UPDATE: ISI Raises D.R. Horton's PT
Tuesday, April 24, 2012 - 8:05am | 117According to a research report published this morning, ISI has increased D.R. Horton's (NYSE: DHI) PT from $17 to $17.50. ISI commented in the report, "After turning in an excellent quarter, top to bottom, DHI conducted a fairly typical conference call, which is to say, conservatism abounded....
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UPDATE: ISI Raises Vornado Realty Trust's PT
Tuesday, April 24, 2012 - 7:59am | 126According to a research report published this morning, ISI has increased Vornado Realty Trust's (NYSE: VNO) PT from $79 to $82. ISI commented in the report, "We recently met with Vornado's senior management including Mike Fascitelli (President & CEO), Joe Macnow (CFO), and Cathy Creswell (...
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UPDATE: ISI Raises Hanesbrands' PT
Friday, April 20, 2012 - 10:10am | 66According to a research report published this morning, ISI has increased Hanesbrands' (NYSE: HBI) PT from $25 to $30. In the report, ISI commented, “HBI's $0.08 EPS beat, in-line sales and 2012 guidance reiteration is rightfully giving investors renewed confidence in the company after two quarters...