btig

BTIG has downgraded Brinker International, Inc. (NYSE: EAT) to Neutral from Buy, saying that Chili's sales challenges could continue for the next several quarters. Brinker's third quarter adjusted EPS of $1 beat the consensus estimate of $0.98, but the $824.6 million revenue fell short...

BTIG's Timothy Chiang said Shire PLC (ADR) (NASDAQ: SHPG) moved one step closer to satisfying the FDA's request for clinical data with its SHP465 (a three-bead formulation of mixed amphetamine salts) compound for the treatment of ADHD (Attention-Deficit Hyperactivity Disorder). The...

Media reports suggest Medivation Inc (NASDAQ: MDVN) has hired an investment bank to look into acquisition interest from other companies, while it has no plans to sell itself. BTIG’s Hartaj Singh said that the latest media reports had resulted in “frenzied speculation” of...

Square Inc (NYSE: SQ) shares are trading lower by $0.35 at $14.67 in Thursday's session. Before the open, BTIG downgraded the issue from Buy to Neutral and removed the price target of $15, since it was reached in Wednesday's session. After a lower open, it challenged its all-time closing high of $...

Shares of Square Inc (NYSE: SQ) have surged more than 40 percent since the beginning of March. BTIG’s Mark Palmer downgraded the rating for the company from Buy to Neutral, and removed the price target of $15, saying that shares had already reached the price target. Analyst Mark Palmer...

In a new report, BTIG analyst Walter Piecyk takes a look at Verizon Communications Inc. (NYSE: VZ)’s Super Bowl ad for indications of the technological direction that Verizon will be taking in coming years. According to Piecyk, Verizon’s primary talking point of late has been small...

Barracuda Networks Inc (NYSE: CUDA) has received a vote of confidence from BTIG analysts Joel Fishbein, Edward Parker and Abhinav Kapur. Citing an "accelerated shift in the SMB market towards virtual/public cloud deployments," the analysts are upgrading Barracuda to Buy with an attached price...

BTIG’s Mark Palmer downgraded the rating for Green Dot Corporation (NYSE: GDOT) from Buy to Neutral, after the company’s shares surged 25 percent in one month and reached the prior price target of $23. Although Green Dot has significant trapped earnings power, the same is unlikely...

BTIG has downgraded First Data Corp (NYSE: FDC) to Neutral from Buy on valuation, sending its stock down 5 percent. The brokerage also removed the price target of $13 following the achievement of that level. "We believe FDC's shares are now fairly valued following a strong rebound from...

BTIG’s Timothy Chiang mentioned that shares of specialty pharmaceutical companies are down 20 percent year-to-date, as compared to a 5.8 percent decline in the S&P 500. The decline is largely attributable to investor concerns surrounding the sustainability of earnings growth and the...

Shares of Texas Roadhouse Inc (NASDAQ: TXRH) surged more than 12 percent Tuesday after it reported an upbeat earnings for the fourth quarter. The restaurant operator earned $0.32 for the fourth quarter, and the number topped Street view by $0.02. Comparable sales increased 4.5 percent at...