Longbow

Goodyear Tire & Rubber Co (NASDAQ: GT) struck a new 52-week low Monday after reporting a major earnings miss Friday and suffering an analyst downgrade. The Rating Longbow Research analysts Anthony Deem and Brian Bollenbacher downgraded Goodyear to Underperform with a $14 price target. The...

Shares of Littelfuse, Inc. (NASDAQ: LFUS) came under selling pressure Wednesday after the company reported disappointing EPS results. The company is poised to benefit from content growth from auto circuit protection and vehicle electrification, according to Longbow. Littelfuse’s margins could...

Appliance maker Whirlpool Corporation (NYSE: WHR) reported second-quarter results Monday that prompted Longbow Research to drop its bullish thesis.  The Analyst Longbow's David MacGregor downgraded Whirlpool from Buy to Neutral with no assigned price target. The Thesis...

Now is the time to buy into Western Digital Corp (NASDAQ: WDC), says Longbow analyst Joe Wittine. He reiterated Buy rating on the stock with a $120 price target, representing a near-40 percent upside from Friday’s open. The price target is “just 10x” the company’s calendar...

Longbow Research analyst Joe Wittine began his latest coverage of Western Digital Corp (NASDAQ: WDC) with strong instructions: Do Not Overreact. It’s a response to NAND, a type of flash memory, spot prices topping. Wittine reiterated his Buy rating with a price target of $120 and expects an...

Fitbit Inc (NYSE: FIT)'s stock was trading higher by more than 2 percent Tuesday morning following a bullish report by analysts at Longbow Research. Longbow's Joe Wittine cited Fitbit's international opportunity in his research report, specifically the "Core-5 countries" in Europe (Germany, France...

Longbow Research expects Fitbit Inc (NYSE: FIT) to continue to take share in mainstream $100–$150 wearables. Fitbit reported second-quarter EPS of $0.12, $0.01 above consensus, and its revenue of $586.5 million also topped the Street's view of $578 million. The strong demand for Alta, Blaze...

Longbow said Apple Inc. (NASDAQ: AAPL) shares are "undervalued" and sees 31.5 percent upside in the stock. Subsequently, the firm initiated coverage of the iPhone maker with a Buy rating and $125 target price. Justification For 'Undervalued' Claim "We see AAPL as undervalued against stabilizing...

May dealer checks indicate that Harley-Davidson Inc (NYSE: HOG) may have witnessed a percent decline in retail sales, despite increased credit availability, Longbow's David S MacGregor said in a report. He reiterated a Neutral rating for the company, citing ongoing market share losses due to...

GoPro Inc (NASDAQ: GPRO) is planning a refresh of its HERO5 model in 2H16 besides launching “Karma.” Longbow’s Joe Wittine initiated coverage of the company with a Neutral rating, preferring to remain on the sidelines till visibility improved into the company’s 2H product...

Longbow has slashed its second quarter earnings forecast for ArcBest Corp (NASDAQ: ARCB) and Old Dominion Freight Line (NASDAQ: ODFL) after its Less than Truckload (LTL) carrier contacts indicated May demand ran below their expectations as tonnage trends further decelerated during the second...

Longbow has downgraded EMC Corporation (NYSE: EMC) to Neutral from Buy on valuation as the shares reached the brokerage's target price of $28. "Valuation has expanded as confidence grew in Dell's ability to raise the required capital to acquire EMC, through new debt raises and asset sales....

Restoration Hardware Holdings Inc (NYSE: RH) share have plummeted 53 percent year-to-date, and are currently trading around their 52-week lows of $35. Longbow’s Mark Rupe initiated coverage of the company with a Buy rating and a price target of $55. The analyst mentioned that although...

Wall Street's concerns for NetApp Inc. (NASDAQ: NTAP) are escalating, as Sterne Agee downgraded the stock to Underperform and Longbow sees more sales disappointments from the storage vendor. Legacy vendors such as Sunnyvale, California-based NetApp, EMC Corporation (NYSE: EMC) and Dell are losing...