Nomura Equity Research

In a report published Friday, Nomura Equity Research analyst Simeon Siegel initiated coverage on Michael Kors (NYSE: KORS) with a Buy rating and $116.00 price target. Siegel highlighted the growth of luxury spending, writing, “We expect the company to continue driving best-in-class top-line growth...

Microsoft (NASDAQ: MSFT) on Thursday announced financial results for the third quarter ending March 31, 2014. CEO Satya Nadella commented, “This quarter's results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world. We are making good...

In a report published Thursday, Nomura Equity Research analyst Robert Drbul initiated coverage on 21 retailers. Drbul rates the Retail sector as neutral with 14 Buy, six Neutral, and one Reduce-rated stock. For the sector as a whole, the analyst noted that sales are set to rebound and targeted...

In a report published Wednesday, Nomura Equity Research initiated coverage on Wells Fargo & Company (NYSE: WFC) with a Buy rating and $42.00 price target. Nomura Equity Research noted, “Wells Fargo & Company is a consistently solid performer with a top-shelf franchise (13% ROE and 1.4% ROA...

In a report published Wednesday, Nomura initiated coverage on PNC Financial Services (NYSE: PNC) with a Buy rating and $72.00 price target. Nomura noted, “PNC has evolved into a top 10 U.S. bank (by assets and deposits) through a combination of key acquisitions (e.g., National City in 2008) and...

In a report published Wednesday, Nomura initiated coverage on U.S. Bancorp (NYSE: USB) with a Buy rating and $38.00 price target. Nomura noted, “Initiate with a Buy rating. U.S. Bancorp is a consistently solid performer with a diverse business mix that produces best-in-class returns (16% ROE,...

In a report published Wednesday, Nomura initiated coverage on Regions Financial Corporation (NYSE: RF) with a Buy rating and $9.00 price target. Nomura Equity Research noted, “We think the shares will get a lift this year from continued credit improvement (we are lower than consensus on provision...

In a report published Monday, Nomura Equity Research downgraded its rating on PetSmart (NASDAQ: PETM) from Neutral to Reduce, and lowered its price target from $72.00 to $55.00. Nomura Equity Research noted, “We are lowering our opinion on PETM to Reduce from Neutral. After being staunch...

In a report published Wednesday, Nomura Equity Research reiterated its Neutral rating on Charles Schwab Corp. (NYSE: SCHW), and raised its price target from $13.00 to $15.00. Nomura Equity Research noted, “Despite continued rate pressure and sluggish trading, both SCHW and AMTD grew revenues...

In a report published Wednesday, Nomura Equity Research reiterated its Neutral rating on TD Ameritrade Holding Corp. (NYSE: AMTD), and raised its price target from $17.00 to $19.00. Nomura Equity Research noted, “Despite continued rate pressure and sluggish trading, both SCHW and AMTD grew...

In a report published Friday, Nomura Equity Research reiterated its Neutral rating on Capital One Financial Corp. (NYSE: COF), but lowered its price target from $63.00 to $57.00. Nomura Equity Research noted, “Capital One reported 4Q12 EPS from continuing operations of $1.42 relative to our...

In a report published Friday, Nomura Equity Research reiterated its Buy rating on BlackRock (NYSE: BLK), and raised its price target from $231.00 to $255.00. Nomura Equity Research noted, “In 4Q, BLK saw AUM rise 3% q/q to $3.8T, $47B of net LT flows (~5.5% organic growth), revenues up 9%, adj....

In a report published Friday, Nomura Equity Research reiterated its Buy rating on Google (NASDAQ: GOOG), and raised its price target from $840.00 to $860.00. Nomura Equity Research noted, “Lowering Numbers for MMI Home. Heading into results, we are updating our estimates and removing the Motorola...