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Increased Industry Attention A Positive For Synopsys
Monday, October 10, 2016 - 3:00pm | 395Read More...D.A. Davidson sees increased attention from electronic design automation (EDA) software industry on Synopsys, Inc. (NASDAQ: SNPS). Following volatile conditions, the EDA space is gaining traction to a stability thus enhancing cash flow. As a result, the firm boosted the target price from $64 to $75...
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Core Labs Shares Receive New Buy Recommendation At D.A. Davidson
Thursday, October 6, 2016 - 9:09am | 388Read More...D.A. Davidson’s Sonny Randhawa believes the premium at which Core Laboratories N.V. (NYSE: CLB) is currently trading is “more than justified” given the company’s superior returns, competitive positioning and lower capital requirements. Randhawa initiated coverage of the...
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Freshpet's Biggest Challenge May Be That No One's Heard Of It
Wednesday, October 5, 2016 - 2:59pm | 360Read More...D.A. Davidson thinks Freshpet Inc (NASDAQ: FRPT) has yet to translate its early success in network growth to improvements in share within the pet food market. Currently, the company enjoys below a percentage of share since only a fraction of pet owners tried the product. With just 20 percent of dog...
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Keep Your Eye On The Big Picture As Barracuda Networks Prepares To Report Its Q2 Performance
Wednesday, October 5, 2016 - 12:53pm | 328Read More...Barracuda Networks Inc (NYSE: CUDA) is set to report second quarter numbers after the market close on October 11, and D.A. Davidson sees earnings a penny above consensus and guidance. D.A. Davidson expects earnings of $0.14, above consensus' $0.13 estimate and company guidance of $0.12-$0....
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Flowers Foods Near-Term Prospects Have Wilted
Wednesday, October 5, 2016 - 11:51am | 360Read More...D.A. Davidson sees near-term risks in Flowers Foods, Inc. (NYSE: FLO) shares that outweigh the long-term prospects. Citing soft consumer demand and increased promotional activity, the firm has initiated shares at Neutral. Aside from that, the company's EPS missed the mid-point of the guidance in...
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KBR Still A Buy In D.A. Davidson's View Following Severe Guidance Cut
Tuesday, October 4, 2016 - 11:07am | 289Read More...Despite severe earnings guidance cut, D.A. Davidson still rates KBR, Inc. (NYSE: KBR) a Buy as it sees lower long-term earnings risk for the company, which is exiting the high risk fixed-price EPC market for power projects to focus on low-risk government contracts. KBR slashed its FY16 full-...
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Brocade Communications Wins New Buy Rating From DA Davidson
Tuesday, October 4, 2016 - 10:32am | 255Read More...D.A. Davidson sees multiple growth drivers propelling meaningful revenue and earnings upside for Brocade Communications Systems, Inc. (NASDAQ: BRCD) over the next several years. The brokerage initiated coverage of the stock with a Buy rating and price target of $12, implying a potential upside...
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TransCanada Makes Shrewd Move To Bid For Columbia Pipeline
Tuesday, September 27, 2016 - 3:58pm | 288Read More...TransCanada Corporation (USA) (NYSE: TRP) made a smart move by offering to buy Columbia Pipeline Partners LP (NYSE: CPPL) for $15.75 as a competing bid is unlikely despite the offer is on the lower side. The proposed offer is an 11.3 percent premium over Columbia's average 30-day closing...
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Demand For Cal-Maine Foods' Nutritionally Enhanced Offerings Goes Flat
Tuesday, September 27, 2016 - 12:20pm | 274Read More...D.A. Davidson maintains an Underperform rating on Cal-Maine Foods Inc (NASDAQ: CALM) and lowered its price target from $37 to $35. Analyst Eric Gottlieb based his decision on low EPS reported by Cal-Maine of -$0.64, which didn't meet D.A. Davidson's estimate of -$0.45 or the consensus of -$0.33....
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Analysts Largely Bullish On Nike Ahead Of Q1 Earnings
Monday, September 26, 2016 - 3:16pm | 415Read More...Ahead of the earnings announcement from Nike Inc (NYSE: NKE) on Tuesday, most of the brokerages remain bullish regarding the company's results. Similarly, nearly every analyst who has issued a recent analysis has reiterated their rating on the company's stock. During mid-day trading Monday,...
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B&G Foods Spices Things Up With New Acquisition
Thursday, September 22, 2016 - 12:42pm | 354Read More...D.A. Davidson views the recent B&G Foods, Inc. (NYSE: BGS)'s acquisition of spices and seasonings business ACH Food Companies as positive and "a good strategic fit," as it complements Mrs. Dash, Ac'cent, and others in B&G's existing portfolio. The brokerage said the $365 million transaction...
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Analysts Respond To Oracle's Q1 Earnings: 4 At Buy, One Remains Underperform
Friday, September 16, 2016 - 2:53pm | 300Read More...A plethora of analysts reacted to Oracle Corporation (NYSE: ORCL)'s earnings numbers for the first quarter. For the second quarter in a row, the company delivered weaker-than-expected earnings, thus dampening investor sentiments on the stock. As a result, the stock dropped more than 4 percent on...
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Salesforce To Acquire HeyWire, Adding To List Of 2016 Purchases
Monday, September 12, 2016 - 1:55pm | 328Read More...Privately held cloud communications company HeyWire announced it has entered into a definitive agreement to be acquired by salesforce.com, inc. (NYSE: CRM). The terms of the deal were not disclosed. Salesforce has been on an acquisition spree; HeyWire marks its fourth transaction in the last two...
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D.A. Davidson Downgrades People's Utah Bancorp To Neutral Following 'Home Run' IPO
Friday, September 9, 2016 - 8:37am | 338Read More...D.A. Davidson has downgraded Peoples Utah Bancorp (NASDAQ: PUB) to Neutral on valuation and limited upside to its new target price of $22. Since its earnings report on July 27, People's Utah shares have risen about 17 percent and hit a new all-time high of $21.28 on Thursday. Over the same period,...
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HomeStreet Shares 'Now Fairly Valued,' DA Davidson Downgrades
Friday, September 9, 2016 - 8:01am | 291Read More...HomeStreet Inc (NASDAQ: HMST) shares have risen 44 percent since the last market correction in late June, as compared to the 18 percent rise in the NASDAQ Bank Index and 9 percent increase in the S&P 500. HomeStreet hit its 52-week high of $27.20 on Thursday. D.A. Davidson’s Jeff...
