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Stock Market & Financial Investment News

News Breaks
January 2, 2014
10:54 EDTANF, AEO, ARO, URBNAmerican Eagle, Urban Outfitters rally following upgrade
Teen retailers American Eagle Outfitters (AEO) and Urban Outfitters (URBN) are rising this morning after both were upgraded to Buy from Hold at Jefferies. WHAT'S NOTABLE: Jefferies said American Eagle and Urban Outfitters are its "top two" picks among specialty store retailers for this year. At American Eagle, Jefferies believes the company's management team is well-prepared to restore brand momentum, as well as drive margin and earnings recovery against easy comparisons. The firm sees American Eagle as "the most relevant" teen brand. As for Urban Outfitters, Jefferies upgraded the stock due to margin expansion potential and sees "significant" potential across its channels, especially direct-to-consumer. The firm has a $19 price target on American Eagle and a $54 price target on Urban Outfitters. OTHERS TO WATCH: Also this morning, Jefferies downgraded teen retailers Aeropostale (ARO) and Abercrombie & Fitch (ANF) to Hold from Buy. For Aeropostale, Jefferies cited the company's longer than expected turnaround. The firm noted increasing competition and a lack of management succession plan in its downgrade of Abercrombie. PRICE ACTION: In mid-morning trading, American Eagle was up about 3% to $14.82, while Urban Outfitters rose nearly 4% to $38.51. Meanwhile, Aeropostale was down about 1% and Abercrombie & Fitch fell about 1.5%.
News For AEO;URBN;ARO;ANF From The Last 14 Days
Check below for free stories on AEO;URBN;ARO;ANF the last two weeks.
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April 11, 2014
13:36 EDTANF, AEOGap falls after experiencing sharp decline in March SSS
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09:04 EDTAROAeropostale price target lowered to $5 from $7.50 at BofA/Merrill
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April 9, 2014
16:34 EDTANFAbercrombie & Fitch names Joanne Crevoiserat CFO
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10:06 EDTAROOn The Fly: Analyst Downgrade Summary
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09:20 EDTANFBofA/Merrill's retail analysts hold an analyst/industry conference call
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08:05 EDTURBNUrban Outfitters long-term outlook positive, says Wedbush
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April 8, 2014
17:04 EDTAROAeropostale downgraded to Underweight from Neutral at Piper Jaffray
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10:03 EDTAEOOn The Fly: Analyst Downgrade Summary
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08:46 EDTAEOAmerican Eagle downgraded to Neutral at Janney Capital
As previously reported, Janney Capital downgraded American Eagle to Neutral from Buy. The firm cited weak demand so far this spring at American Eagle, as well as the highly promotional mall environment. Janney lowered its price target on the stock to $10 from $17.
06:19 EDTAEOAmerican Eagle downgraded to Neutral from Buy at Janney Capital
April 7, 2014
16:28 EDTAEOOn The Fly: Closing Wrap
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10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:10 EDTAEOOn The Fly: Pre-market Movers
HIGHER: Questcor (QCOR), up 27% after agreeing to be bought by Mallinckrodt (MNK) for cash, stock valued at $86.10 per Questcor share... Agios Pharmaceuticals (AGIO), up 25% after program shows "promising clinical activity" for advanced blood cancers, shares upgraded at JPMorgan... Vocus (VOCS), up 47% after agreeing to be acquired by GTCR for $446.5M, or $18.00 per share... Pandora (P), up 1.3% following upgrade at Wedbush. LOWER: MannKind (MNKD), down 13% after announcing FDA extension of PDUFA date for Afrezza... American Eagle (AEO), down 2.2% following downgrade at Cowen... Pfizer (PFE), down 2.8% after announcing data for palbociclib in metastatic breast cancer... Mattel (MAT), down 3% following downgrade at BMO Capital... WWE (WWE), down 1.2% after cautious mention in Barron's, company announcing WrestleMania 30 grossed $10.9M.
08:16 EDTAEOAmerican Eagle downgraded at Cowen
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06:34 EDTAEOAmerican Eagle downgraded to Underperform from Market Perform at Cowen
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