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Here's Why Mizuho Downgraded The Gap To Neutral
Tuesday, February 10, 2015 - 11:43am | 184Read More...Betty Chen of Mizuho Securities on Tuesday downgraded shares of The Gap (NYSE: GPS) to Neutral from Buy with a price target lowered to $43 from a previous $45 as 2015 earnings are likely to be impacted by product adjustments, foreign exchange woes and stagnant margins. Chen states that ongoing...
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Here's Why Under Armour's 'Scarcity Value' Could Further Increase In 2015
Thursday, February 5, 2015 - 11:09am | 233Read More...Michael Binetti of UBS on Thursday commented in a note that Under Armour Inc's (NYSE: UA) shares are positioned between two "walls of worry" for investors: 1) the apparel industry is seeing "sluggish growth" and 2) while foreign exchange volatility remains a main concern...
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Citigroup Lowers MasterCard's Estimates Following Q4 Print
Monday, February 2, 2015 - 12:49pm | 220Read More...Donald Fandetti of Citigroup commented in a note on Friday that MasterCard Inc (NYSE: MA) reported better-than-expected earnings per share and revenue in its fourth quarter report. Shares are Buy rated with a price target lowered to $94 from a previous $98. Fandetti notes that MasterCard'...
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The Report That Pushed Tesla Motors Up More Than 3%
Monday, February 2, 2015 - 12:31pm | 180Read More...Trip Chowdhry, co-founder of Global Equities Research, commented on Monday that Tesla Motors Inc (NASDAQ: TSLA) is a net beneficiary in a strong dollar environment. Chowdhry notes that 70 percent of Tesla's component suppliers are International and these components are used in 100 percent...
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UBS Comments On Ralph Lauren: Foreign Exchange Matters, Cycle Update Matters More
Monday, February 2, 2015 - 11:28am | 221Read More...Michael Binetti of UBS on Monday commented in a note that Ralph Lauren Corp's (NYSE: RL) foreign exchange matters to the investment community, but its investment cycle update matters more. Binetti expects Ralph Laurn to pre-guide its fiscal 2016 when it reports its third-quarter results. In...
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Morgan Stanley On United Technologies' Lowered Revision: 'It's Just Math'
Tuesday, January 27, 2015 - 10:02am | 247Read More...United Technologies Corporation (NYSE: UTX) on Monday lowered its fiscal 2015 earnings per share outlook from $7.00 to $7.20 to $6.85 to $7.05, while reducing sales expectations from $66 billion to $67 billion to $65 billion to $66 billion due to a strong U.S. dollar outlook. Nigel Coe of...
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Stifel Lowers IBM's 2015 Earnings Estimates
Monday, January 12, 2015 - 9:00am | 252Read More...David Grossman of Stifel on Monday maintained a Buy rating on International Business Machines Corp. (NYSE: IBM) despite lowering the company's 2015 earnings per share estimates to $15.17 from a previous $16.00 estimate. Grossman notes there are four factors affecting IBM's Software...
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Citigroup Maintains On VeriFone Following Earnings Report, 2015 Guidance
Tuesday, December 16, 2014 - 11:05am | 242Read More...Philip Stiller of Citigroup on Tuesday maintained a Neutral rating on VerifFone Systems Inc (NYSE: PAY) after the company reported what the analyst describes as “another strong” quarter but a “mixed” fiscal 2015 guidance. The company earned $0.44 per share in the fourth...
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CNBC Tweets: Citigroup To Take $3.5 Billion Charge In Q4
Tuesday, December 9, 2014 - 11:55am | 249Read More...CNBC tweeted mid-Tuesday morning that Citigroup (NYSE: C) is expected to report a $3.5 billion charge when it reports its fourth quarter earnings. According to CNBC, the bank stated that the charges include $2.7 billion for investigations (including Libor and foreign exchange) as well as $800...
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Airline and Russian ETFs Move Lower Following Malaysia Airlines Crash
Thursday, July 17, 2014 - 4:26pm | 284Read More...News that a Malaysian commercial aircraft with nearly 300 people on board had crashed -- and was possiblly shot down -- near the Ukrainian-Russian border on Thursday has prompted both air carriers and Russian shares to move lower. Airline Movers: SkyWest, Inc. (NASDAQ: SKYW) down 3.91percent...
