btig

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares surged 25 percent on Tuesday, following the company’s Q2 earnings report. BTIG’s Timothy Chiang maintained a Neutral rating on the company. Cautious Stance “While the tone of management seems to have taken a more positive...

Walt Disney Co (NYSE: DIS) is scheduled to report its fiscal Q3 results after market close on August 9. BTIG’s Richard Greenfield mentioned that there were concerns associated with the company’s growth in fiscal 2017 and beyond, and listed key questions for management. Questions For...

Level 3 Communications, Inc. (NYSE: LVLT) shares have declined 12 percent in the two weeks since the company reported disappointing Q2 results. BTIG’s Walter Piecyk initiated coverage of the company with a Buy rating and a price target of $63. Expectations Lowered “Our estimates are...

Square Inc (NYSE: SQ) has silenced critics with its robust 2Q16 results, where the adjusted EBITDA handily beat the estimate and the consensus. BTIG’s Mark Palmer reiterated a Buy rating on the company, with a price target of $12. Critics Answered “With investor doubts about Square Inc...

Snapchat turned down a $3 billion acquisition offer from Facebook Inc (NASDAQ: FB) in 2013. In the two years since then, Snapchat has achieved exponential growth in usage. Although Snapchat remains much smaller than Facebook, it has surpassed Twitter Inc (NYSE: TWTR) in terms of domestic daily...

Although Celgene Corporation’s (NASDAQ: CELG) financial targets for 2020 are higher than consensus expectations, the company may be able to achieve them through new commercial products, label expansion and M&A, BTIG’s Dane Leone said in a report. He upgraded the rating on the...

Peter Saleh of BTIG reiterated his Buy rating on Papa John's Int'l, Inc. (NASDAQ: PZZA) after the pizza restaurant operator's second-quarter earnings handily beat the Street view, leading the company to raise its full-year EPS estimate range by $0.05. Papa John's second-quarter EPS of $0.61 was...

Texas Roadhouse Inc (NASDAQ: TXRH) reported its 2Q16 results, with the EPS ahead of the consensus and the estimate. BTIG’s Peter Saleh maintains a Neutral rating on the company. “We remain impressed with Texas Roadhouse’s consistent sales outperformance given what have been weaker...

T-Mobile US Inc (NASDAQ: TMUS) reported Q2 results mostly in line with estimates. BTIG analysts raised the price target of the company from $50 to $56. 2017 Outlook The analysts expect T-Mobile to generate free cash flow of more than $3 billion in 2017, and mentioned that the company remains on...

As virtual reality (VR) industry sales have been expanding, reaching an estimated $6.00 billion according to Industrial Distribution Group, Best Buy Co Inc (NYSE: BBY) has been referred by some analysts, including BTIG’s Alan Rifkin, to be among a list of companies ready to take advantage of...

NetSuite Inc (NYSE: N) reported robust 2Q16 results, although they were overshadowed by the agreement to be acquired by Oracle Corporation (NYSE: ORCL) for $9.3 billion. BTIG’s Joel P. Fishbein, Jr. maintains a Neutral rating on NetSuite. 2Q Performance “We remain positive on the...

Joel Fishbein of BTIG said Citrix Systems, Inc. (NASDAQ: CTXS) faces new questions regarding its transition to a ratable revenue base and operating margin expansion. Quarter In Review The comments come as Citrix' second-quarter results beat Street estimates on the top and bottom line, and it...