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Wall Street Is Still Buying Best Buy
Wednesday, August 26, 2015 - 8:19am | 468Shares of Best Buy Co Inc (NYSE: BBY) surged by more than 12 percent on Tuesday after the company reported its second-quarter results. Here is what a couple of Wall Street's leading analysts thought of the report. Morgan Stanley: Q2 Strength Makes Guidance ‘More Likely' Simeon...
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What Wall Street Is Doing With Target's Stock
Thursday, August 20, 2015 - 1:17pm | 1029Shares of Target Corporation (NYSE: TGT) traded as high as $84.62 after the company reported its second quarter results on Wednesday. By Thursday morning, the stock completely reversed course and dipped below the $80 per share mark as investors and traders were debating the positives and...
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Analysts Don't Hate Home Depot After Earnings
Tuesday, August 18, 2015 - 12:10pm | 750Shares of Home Depot Inc (NYSE: HD) rose to new 52-week highs on Tuesday after the company reported its second-quarter results. Here is a roundup of what some of Wall Street's top analysts are saying after the print. Credit Suisse: ‘Solid' Quarter Seth Sigman of Credit Suisse...
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Will Jet Hurt Amazon Or Costco?
Sunday, August 9, 2015 - 5:55pm | 666A few days ago, Marc Lore, founder and former CEO of Quidsi (owner of famed website Diapers.com) launched a new e-commerce website Jet.com. The site guarantees its subscribers access to the lowest prices across approximately 10 million items. After meeting with Lore, Morgan Stanley analysts...
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Morgan Stanley Still Holding Wal-Mart, Says It's 'Still In Investment Mode'
Monday, June 8, 2015 - 8:04am | 357In a report published Monday, Morgan Stanley analyst Simeon Gutman maintained an Equal-weight rating on Wal-Mart Stores, Inc. (NYSE: WMT), while lowering the price target from $82 to $80. The recent shareholder meeting held by Wal-Mart indicated that management continues to be focused in the medium...
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Morgan Stanley Comments On Leonard Green's Stake In Bed Bath & Beyond, Asks If The Market Overreacted
Monday, May 18, 2015 - 3:08pm | 314In a report published Monday, Morgan Stanley analyst Simeon Gutman commented on Leonard Green & Partners disclosure on Friday that it owns 0.6 percent of Bed Bath & Beyond Inc. (NASDAQ: BBBY) Shares of Bed Bath & Beyond rose more than 5 percent following the disclosure. According to...
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Top-Line Data Is Critical For Lumber Liquidators, Says Morgan Stanley
Friday, April 3, 2015 - 10:40am | 173Morgan Stanley issued a company update on Lumber Liquidators Holdings Inc (NYSE: LL) after the company reported first quarter sales that were "better than feared." Morgan Stanley rates Lumber Liquidators as Equal-Weight while a price target was unavailable. Analysts Simeon Gutman and Joshua Siber...
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Morgan Stanley Sees 'Reasonable Goals' At Wal-Mart But Not Enough To 'Shape A Bull Case'
Thursday, April 2, 2015 - 9:18am | 240In a report published Thursday, Morgan Stanley analyst Simeon Gutman discussed a recent meeting with Wal-Mart Stores, Inc. (NYSE: WMT) management that "left a little to be desired." According to Gutman, expectations heading into the meeting were not high as he was hoping to learn greater detail...
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UPDATE: Morgan Stanley Upgrades GNC Holdings As Regulatory Concerns Are Overblown
Thursday, March 12, 2015 - 9:18am | 109In a report published Thursday, Morgan Stanley analyst Simeon Gutman upgraded the rating on GNC Holdings Inc. (NYSE: GNC) from Equal-Weight to Overweight, and raised the price target from $52.00 to $56.00. In the report, Morgan Stanley noted, "While risk/reward seemed positive when the stock...
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Morgan Stanley Has Positive Outlook For Target
Wednesday, March 4, 2015 - 10:45am | 71In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Underweight rating and $74.00 price target on Target Corporation (NYSE: TGT). In the report, Morgan Stanley noted, "We were impressed by Target's reinvigorated merchandising and marketing plans. We have a couple of...
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Morgan Stanley Reiterates Overweight, Raises PT On Best Buy On Steady Progress
Wednesday, March 4, 2015 - 9:06am | 77In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Best Buy Co Inc (NYSE: BBY), and raised the price target from $40.00 to $43.00. In the report, Morgan Stanley noted, "Raising price target to $43. BBY transformation story continues to make...
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Morgan Stanley Reiterates Equal-Weight, Raises PT On AutoZone On Positive Risk/Reward
Wednesday, March 4, 2015 - 8:17am | 147In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on AutoZone, Inc. (NYSE: AZO), and raised the price target from $620.00 to $680.00. In the report, Morgan Stanley noted, "AZO has been one of the most consistent growth stories in our space over...
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Morgan Stanley Says 'Heightened Uncertainty' A Key Theme In Slashing Lumber Liquidators
Monday, March 2, 2015 - 12:19pm | 292In a report published Monday, Morgan Stanley analyst Simeon Gutman downgraded shares of Lumber Liquidators Holdings Inc (NYSE: LL) to Equal-weight from Overweight while removing an $85 price target due to "heightened uncertainty." See Also: Morgan Stanley: '60 Minutes' Lumber...
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Morgan Stanley: '60 Minutes' Lumber Liquidators Story Suggested 'Short Sellers Have A Stake'
Monday, March 2, 2015 - 11:42am | 325In a report published Monday, Morgan Stanley analyst Simeon Gutman argued that the recent "60 Minutes" episode profiling Lumber Liquidators Holdings Inc (NYSE: LL) showed that short sellers "have a stake in how this situation unfolds." Gutman noted that "60 Minutes...
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Morgan Stanley Reiterates Equal-Weight, Raises Price Target On Tractor Supply Company On Multiple Positive Factors
Wednesday, February 25, 2015 - 11:13am | 137In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Tractor Supply Company (NASDAQ: TSCO), and raised the price target from $84.00 to $92.00. In the report, Morgan Stanley noted, "We regard TSCO as one of the best long-term growth stories in...