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Apple iPhone Declines Will Hit Trough This Quarter, Sterne Agee CRT Predicts
Wednesday, April 20, 2016 - 3:37pm | 419Read More...Rob Cihra of Sterne Agee CRT asks investors to look for trough in year-over-year iPhone declines when Apple Inc. (NASDAQ: AAPL) reports its second quarter results on April 25. "We continue to believe KEY will be marking the Y/Y trough in iPhone declines ~20%Y/Y (we est 49 mil units) vs....
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Boeing Earnings Have Upside: Sterne Agee CRT Sees Buybacks, More Orders Coming
Friday, April 8, 2016 - 9:40am | 275Read More...Despite expectations of softer cash flow during 1Q16, Boeing Co (NYSE: BA) has been retiring stock aggressively through its large share buyback initiative. Peter Arment of Sterne Agee CRT has maintained a Buy rating on the company, with a price target of $196. 1Q16 Expectations In line with the...
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Why Are CIT Group Analysts So Concerned?
Monday, March 28, 2016 - 1:53pm | 338Read More...CIT Group Inc. (NYSE: CIT)’s stock is up more than 26 percent from its February lows, but the company’s recent Strategic Update failed to wow Wall Street. The company’s long path to potential meaningful growth appears to be much longer than many investors had hoped. “...
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CarMax's Upside Is Limited, Says Sterne Agee CRT
Monday, March 28, 2016 - 9:38am | 305Read More...Sterne Agee CRT’s Ali Faghri downgraded the rating on CarMax, Inc (NYSE: KMX) from Buy to Neutral. Near-Term Pressures “While we remain positive on the long-term growth potential, near-term competitive pressures are more pronounced than we initially expected,” Faghri...
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Sterne Agee CRT Initiates Coverage On Distribution Group Amid 'Extremely Low' Expectations
Tuesday, March 22, 2016 - 8:38am | 358Read More...Sterne Agee CRT’s Hamzah Mazar initiated coverage of the Distribution Group, saying that expectations remained “extremely low” since forecasts reflected both secular and cyclical gross margin headwinds. The Group may be helped by operating margin offsets, balance sheet catalysts...
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'Nothing To Fear' In Nike's Earnings, Sterne Agee CRT Says
Thursday, March 17, 2016 - 12:35pm | 429Read More...Nike Inc (NYSE: NKE) is expected to report its third quarter financial results on March 22. Analyst Sam Poser of Sterne Agee CRT says "nothing to fear" about the upcoming quarterly report. Wall Street analysts, on average, expect the athletic footwear and apparel giant to earn $0.49 a...
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March Is Apple's Low Point: Why Rob Cihra Is Buying
Thursday, March 3, 2016 - 10:13am | 265Read More...Rob Cihra of Sterne Agee CRT maintained a Buy rating on Apple Inc. (NASDAQ: AAPL), with a price target of $145. "Apple looks to be planning a media event Mar 21, not yet confirmed but where we'd expect it to intro the mid-cycle revamp of its $450 4-inch iPhone ("SE"?...
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Is Virgin America The Only Airline Worth Shorting?
Wednesday, March 2, 2016 - 11:37am | 607Read More...Sterne Agee CRT’s Michael Derchin has an Overweight stance on the US Airline Industry, and recommended using pullbacks to add to or initiate new positions. The industry had been through 35 years of consolidation and restructuring, which have “dramatically improved” its...
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A Honeywell-United Technologies Merger Makes Sense If The Offer Is $115 Or Higher
Friday, February 26, 2016 - 10:20am | 287Read More...Sterne Agee CRT’s Peter Arment maintained a Neutral rating for United Technologies Corporation (NYSE: UTX), while raising the price target from $100 to $115. He said that it had become clear that Honeywell International Inc. (NYSE: HON) may not back off its pursuit for United Technologies...
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LendingClub Growth Might Not Be What You Thought, Sterne Agee CRT Analyst Warns
Thursday, February 25, 2016 - 10:12am | 177Read More...Sterne Agee CRT's Henry J. Coffey downgraded the rating on LendingClub Corp (NYSE: LC) from Buy to Neutral, while reducing the price target from $10 to $8. "Given the overall size of the potential market for prime-based installment loans, small business products, health care finance,...
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'It's Tough To Get Constructive' On Wal-Mart, Analyst Warns
Wednesday, February 17, 2016 - 8:47am | 346Read More...Wal-Mart Stores, Inc. (NYSE: WMT) shares have appreciated 13.88 percent over the past three months, from $57.87 on November 16. Charles Grom of Sterne Agee CRT has maintained an Neutral rating on the company, while raising the price target from $57 to $58. The steps being taken by the...
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2 Ex GoPro Inc Bulls Downgrade Stock: Now A Broken Stock And A Broken Company?
Thursday, February 4, 2016 - 12:53pm | 451Read More...GoPro Inc (NASDAQ: GPRO) is a broken stock and -- judging by Wednesday's earnings release -- it may be a broken company as well, despite what the bulls say. Some on Wall Street appear to agree. On Thursday morning, analysts at Dougherty & Co and Sterne Agee CRT downgraded the stock to...
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Sterne Agee CRT Defends Boeing And Spirit AeroSystems On 'Refreshed' Forecasts
Tuesday, February 2, 2016 - 11:22am | 381Read More...Boeing Co (NYSE: BA) shares have lost 20 percent since November 3, while shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) are down 24 percent. Sterne Agee CRT’s Peter Arment maintained Buy ratings for both companies, with a price target of $196 for Boeing and of $66 for Spirit...
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Sterne Agee CRT Upgrades DR Horton To Buy, Says This Was Bigger Catalyst Than Expected
Tuesday, January 19, 2016 - 12:26pm | 299Read More...The share price of D.R. Horton, Inc. (NYSE: DHI) has appreciated 13.68 percent over the last year, reaching a high of $32.61 on December 29, 2015. Jay McCanless of Sterne Agee CRT has upgraded the rating on the company from Neutral to Buy, while raising the price target from $28 to $33....
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What Does Wall Street Think Of GoPro Now?
Thursday, January 14, 2016 - 12:04pm | 775Read More...Shares of GoPro Inc (NASDAQ: GPRO) are under pressure on Thursday after the high-definition camera maker released weaker-than-expected fourth quarter guidance and stated that it would cut 7 percent of its workforce. Shares were trading down about 16 percent and have been on a downtrend since...
