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JPMorgan Likes Home Depot For The Long Term
Monday, August 15, 2016 - 1:47pm | 474Read More...Home Depot Inc (NYSE: HD) has seen its stock gain nearly 15 percent over the past year and has soared around 350 percent over the past five years. Despite the strong outperformance versus the S&P 500 index, which returned 86 percent over the past five years, analysts at JPMorgan think the Dow-...
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Michaels Downgraded To Neutral At JPMorgan; Up 25% In 2016
Tuesday, July 19, 2016 - 8:52am | 310Read More...JPMorgan has downgraded Michaels Companies Inc (NASDAQ: MIK) to Neutral from Overweight, citing risk to sales forecasts of second-half 2016 and 2017 and relatively full valuation considering the expected pace of earnings growth. Moreover, the stock has outperformed substantially this year (+25...
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Tractor Supply's Improving June Results Come Too Late To Save Q2
Thursday, June 30, 2016 - 10:14am | 294Read More...Tractor Supply Company (NASDAQ: TSCO) preannounced disappointing 2Q16 EPS, comps and gross margin. Although performance recovered in June, it was not enough to offset the setback of April and May, JPMorgan’s Christopher Horvers said in a report. He maintained an Overweight rating on the...
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Bed Bath & Beyond: Where Will Profit Erosion Stop?
Thursday, June 23, 2016 - 9:41am | 221Read More...Bed Bath & Beyond Inc. (NASDAQ: BBBY) delivered a 1Q16 EPS miss, with all margin metrics down y/y. JPMorgan’s Christopher Horvers maintained a Neutral rating for the company, while reducing the price target from $51 to $47. The analyst commented that it was “hard to find a silver...
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JPMorgan Lowers Price Target On Target, 'The Election Is The Only Obvious Culprit'
Thursday, May 19, 2016 - 10:09am | 184Read More...JPMorgan's Christopher Horvers reiterated Target Corporation (NYSE: TGT)'s Neutral rating while decreasing the price target from $87.00 to $78.00. The report came in after a large amount of volatility was reported in the retail sector and Target having missed earnings estimates on Wednesday. "...
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Jefferies On The Big Boys Of Retail
Monday, May 16, 2016 - 1:22pm | 345Read More...Retailer stocks are typically hit pretty hard during the sluggish summer investing months, and the Q1 numbers out of department stores were lackluster at best. “The widespread April sales deceleration (including a beacon of consistency like COST (Costco Wholesale Corporation (NASDAQ: COST)),...
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Costco Shares Higher As JPMorgan Adds To Focus List
Monday, May 2, 2016 - 9:45am | 256Read More...With gas prices declining, consumers spent a significant portion of their gas savings on food, both at grocery stores. Costco Wholesale Corporation (NASDAQ: COST) witnessed increased traffic from August 2014 to April 2015, resulting in stiff comps thereafter. JPMorgan's Christopher Horvers...
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Be Patient On Wayfair: JPMorgan Sets $45 Price Target
Monday, April 25, 2016 - 8:23am | 262Read More...JPMorgan’s Christopher Horvers expressed concern regarding Wayfair Inc (NYSE: W)'s stock valuation due to decelerating sales growth and increased spending, as well as the beginning of a historically seasonally weak period for stock in general. The analyst initiated coverage of Wayfair with a...
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Is Ulta A Buy Before Earnings? Here's The Evidence
Monday, November 30, 2015 - 11:50am | 240Read More...Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) have appreciated 35.33 percent year-to-date, reaching a high of $174.08 on November 10. JP Morgan’s Christopher Horvers has maintained an Overweight rating on the company, while raising the price target from $180 to $...
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JP Morgan Raises Estimates For Bed Bath & Beyond Inc.
Tuesday, September 23, 2014 - 11:17am | 116Read More...In a report published Tuesday, JP Morgan analyst Christopher Horvers reiterated a Neutral rating and $65.00 price target on Bed Bath & Beyond Inc. (NASDAQ: BBBY). In the report, J.P. Morgan noted, “Following BBBY's announcement that the company is planning a $1.1B ASR funded with debt (...
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UPDATE: JP Morgan Downgrades GNC, Cites 'Too Many Red Flags'
Wednesday, June 18, 2014 - 10:45am | 90Read More...In a note released Wednesday morning, JP Morgan analyst Christopher Horvers downgraded GNC Holdings (NYSE: GNC) from Overweight to Neutral and reduced the price target from $50 to $38. Horvers noted "sluggish sales," the departure of CFO Mike Nuzzo and potential earnings revisions...
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Retailers And Weather: Who Survived The Brutal Start To 2014?
Wednesday, March 12, 2014 - 3:30pm | 1104Read More...The Johnson Redbook Retail Sales Index on March 4 concluded that national chain-store sales fell 1.3 percent in February from the comparable period in January. The 1.3 percent decrease was steeper than the one percent decline analysts were expecting. The index also showed that seasonally adjusted...
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UPDATE: J.P. Morgan Initiates Coverage on The Container Store Group on Multiple Positive Factors
Tuesday, November 26, 2013 - 9:52am | 108Read More...In a report published Tuesday, J.P. Morgan analyst Christopher Horvers initiated coverage on The Container Store Group (NYSE: TCS) with an Overweight rating and $44.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage on The Container Store with an Overweight rating and a...
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Home Depot Versus Lowe's: What Three Analysts Are Saying
Wednesday, November 20, 2013 - 2:11pm | 703Read More...Both Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) continue to benefit from a strengthening U.S. housing market that is boosting sales at the “do-it-yourself” home improvement retailers. Home Depot, America's largest home improvement retailer, reported its third quarter 2013 results on Tuesday....
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J.P. Morgan Reiterates on Lowe's Companies on Strong Comps but Lack of Flow-Through
Wednesday, November 20, 2013 - 12:19pm | 111Read More...In a report published Wednesday, J.P. Morgan analyst Christopher Horvers reiterated an Overweight rating on Lowe's Companies (NYSE: LOW). In the report, J.P. Morgan noted, “LOW reported 3Q13 operating EPS of $0.47 vs. our estimate of $0.48 and consensus of $0.48. Same-store sales were 6.2% vs. our...
