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Sterne Agee Downgrades Capital One Financial To Underperform
Wednesday, June 8, 2016 - 10:38am | 272Read More...Sterne Agee CRT analysts, Henry Coffey, Jason Weaver, Pedro Saboia and Yi Fu Lee downgraded Capital One Financial Corp. (NYSE: COF) to Underperform from Neutral. The analysts have established a price target of $67.50. The brokerage cited four issues for believing Capital One's stock will...
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Lululemon Q1 Earnings Preview: 'Getting Better All The Time'
Friday, June 3, 2016 - 9:21am | 254Read More...Despite exiting 4Q15 with elevated inventory levels, Lululemon Athletica inc. (NASDAQ: LULU) is likely to indicate inventory in-line with sales by the end of 1Q16. Sterne Agee CRT’s Sam Poser reiterated a Buy rating for the company, with a price target of $75. The analyst commented that the...
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Sterne Agee CRT Starts Tesla At Buy With $300 Target; Sees $32 Billion In Revenue By 2019
Thursday, June 2, 2016 - 4:52pm | 277Read More...After the close on Thursday, Sterne Agee CRT initiated coverage on Tesla Motors Inc (NYSE: TSLA). Analyst Rob Cihra feels the risk, controversy and expensive nature of the shares is just "the price for nearly open-ended growth in a technology innovator. targeting trillion dollar auto and...
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EMC Downgraded To Neutral At Sterne Agee CRT
Thursday, June 2, 2016 - 10:17am | 242Read More...Alex Kurtz of Sterne Agee CRT expects the acquisition of EMC Corporation (NYSE: EMC) by Dell, worth $67 billion, to close on time, over the next two quarters. Kurtz downgraded the rating on EMC to Neutral, while maintaining the price target at $28. No Concerns For CY16 “We expect no...
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Alcoa Vs. Alumina Limited: Sterne Agee CRT's Take
Tuesday, May 31, 2016 - 6:10pm | 219Read More...Late last week, Bloomberg reported Alcoa Inc (NYSE: AA) joint venture partner Alumina Limited was looking to block Alcoa's split into two companies. Alumina sought "unwarranted" concessions due to the pending Arconic segment split, which Alcoa believes has no impact on the joint...
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Sterne Agee CRT On Intel: We See More Pros Than Cons In China's Server Market, Emerging Competition
Tuesday, May 31, 2016 - 5:50pm | 147Read More...Sterne Agee's Douglas Freedman reiterated Intel Corporation (NASDAQ: INTC)'s Buy rating and $38 price target. "We see more pros than cons in China's server market and emerging competition" said Freedman. Part of this analysis was formed on high barriers of entry in the...
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Stern Agee CRT On Church & Dwight Takeover Speculation: Surprising, But Never Say Never
Wednesday, May 18, 2016 - 10:42am | 237Read More...Stern Agee CRT speculated on rumors of Proctor & Gamble Co (NYSE: PG) acquiring Church & Dwight Co., Inc. (NYSE: CHD) sent shares up to $125 early Wednesday morning, although the firm downplayed the possibility of any acquisition. "A Proctor and Gamble, Church and Dwight deal would...
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PayPal: The Bull Vs. Bear Case
Friday, May 13, 2016 - 2:20pm | 337Read More...Moshe Katri of Sterne Agee CRT hosted 28 attendees to discuss the case for and against owning shares of Paypal Holdings Inc (NASDAQ: PYPL). Katri noted that the bulls outnumbered the bears and were also "more vocal" on their opinion. Topics of conversation included competitive pressure, Venmo usage...
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Amid Weak iPhone Sales, Sterne Agee CRT Cuts Avago's Estimates
Friday, May 13, 2016 - 12:09pm | 353Read More...Avago Technologies Ltd, acquired recently by Broadcom Ltd (NASDAQ: AVGO), is scheduled to report its F2Q16 results on June 2. Douglas Freedman of Sterne Agee CRT maintained a Buy rating on Avago Technologies, with a price target of $185. Estimates Lowered Freedman mentioned that the April...
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Sterne Agee CRT Cuts Nordstrom's Price Target To $39 Following Another Big Miss
Friday, May 13, 2016 - 12:05pm | 306Read More...Nordstrom, Inc. (NYSE: JWN) reported very weak results for 1Q16, while slashing its FY16 RPS guidance by 19 percent. Renato Basanta of Sterne Agee CRT maintained a Neutral rating on the company, while lowering the price target from $49 to $39. Heavy Investment Needed “After another...
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Sterne Agee CRT Sees Crocs China Growth Turning Around, Upgrades Stock To Buy
Tuesday, May 10, 2016 - 1:48pm | 179Read More...Shares of Crocs, Inc. (NASDAQ: CROX) surged over 30 percent following a strong earnings report Tuesday morning. Just after the lunch hour, Sterne Agee CRT upgraded shares from Neutral to Buy citing evidence of a turnaround being underway. Analyst Sam Poser said Crocs management has improved...
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LendingClub's 'Market Place' Funding Model Might Be Broken
Monday, May 9, 2016 - 3:26pm | 276Read More...Shares of LendingClub Corp (NYSE: LC) were trading down more than 27 percent on Monday, following the announcement of the resignation of the company’s CEO and Chairman, Renaud Laplanche. The departure, along with two other senior executives, came after news about the company having...
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Apple Investors: Don't Freak Out About A Slowdown In China
Tuesday, May 3, 2016 - 5:01pm | 585Read More...Investors of Apple Inc. (NASDAQ: AAPL) shouldn't be concerned over slowdown in China, according to a note from Sterne Agee CRT's Rob Cihra. Apple And China Apple revenue from China fell 26 percent in its March quarter versus 71 percent growth a year ago. Cihra added that China...
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On Deck's Problem Isn't Credit
Tuesday, May 3, 2016 - 10:47am | 290Read More...On Deck Capital Inc (NYSE: ONDK) reported weak results for 1Q16. Sterne Agee CRT’s Henry J. Coffey downgraded the rating for the company from Neutral to Underperform, while establishing a price target of $3.50. The analyst commented that although credit has been improving, costs continue to...
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Sunedison Recovery Calculations Just 'Guesswork,' Sterne Agee CRT Warns
Friday, April 22, 2016 - 11:14am | 316Read More...Sunedison Inc (NYSE: SUNE) and 25 of its domestic and international subsidiaries filed for bankruptcy protection in the Southern District of New York. The exceptions were TerraForm Power Inc (NASDAQ: TERP) and TerraForm Global Inc (NASDAQ: GLBL). Sterne Agee CRT’s Kirk Ludtke mentioned...
