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News Breaks | | | | September 13, 2012 | | 10:30 EDT |  | LTD, TJX, RHT, MSFT, URBN, SIG, QRE, KORS, TIF, ROST, NUAN, COH, ANF, HAE, ASNA, GPS, AEO | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abercrombie & Fitch (ANF) initiated with a Sell at Citigroup... American Eagle (AEO) initiated with a Buy at Citigroup... Ascena Retail (ASNA) initiated with a Buy at Citigroup... Coach (COH) initiated with a Neutral at Citigroup... Gap (GPS) initiated with a Neutral at Citigroup... Haemonetics (HAE) initiated with a Buy at Benchmark Co... Limited (LTD) initiated with a Buy at Citigroup... Michael Kors (KORS) initiated with a Buy at Citigroup... Microsoft (MSFT) initiated with a Hold at Jefferies... Nuance (NUAN) initiated with an Overweight at Morgan Stanley... QR Energy (QRE) initiated with a Buy at Wunderlich... Red Hat (RHT) initiated with a Buy at Jefferies... Ross Stores (ROST) initiated with a Buy at Citigroup... Signet Jewelers (SIG) initiated with a Buy at Citigroup... TJX (TJX) initiated with a Buy at Citigroup... Tiffany (TIF) initiated with a Buy at Citigroup... Urban Outfitters (URBN) initiated with a Neutral at Citigroup. | |
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News For ANF;AEO;ASNA;COH;GPS;HAE;LTD;KORS;MSFT;NUAN;QRE;RHT;ROST;SIG;TJX;TIF;URBN From The Last 14 Days Check below for free stories on ANF;AEO;ASNA;COH;GPS;HAE;LTD;KORS;MSFT;NUAN;QRE;RHT;ROST;SIG;TJX;TIF;URBN the last two weeks. |
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| May 20, 2013 | | 16:05 EDT |  | URBN | Urban Outfitters trades lower initially after earnings, first look
 Subscribe for More Information | | | 16:02 EDT |  | URBN | Urban Outfitters reports Q1 EPS 32c , consensus 29c
Reports Q1 revenue $648M, consensus $655.08M. Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 9%. Comparable retail segment net sales increased 44% at Free People, 8% at Anthropologie and 6% at Urban Outfitters. Wholesale segment net sales rose 16%. | | | 15:33 EDT |  | TJX | TJX June 52 straddle priced for 5% movement into Q1
Subscribe for More Information | | | 15:22 EDT | | TJX | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 77c; Medtronic (MDT), consensus $1.03; The TJX Companies (TJX), consensus 62c; AutoZone (AZO), consensus $7.23; Best Buy (BBY), consensus 25c; Dick's Sporting Goods (DKS), consensus 48c; Tidewater (TDW), consensus 61c; Saks (SKS), consensus 19c; Rexnord (RXN), consensus 31c; Monro Muffler Brake (MNRO), consensus 25c. | | | 15:22 EDT | | URBN | Notable companies reporting after market close
Subscribe for More Information | | | 13:32 EDT | | RHT | Red Hat falls to session lows after downgrade, levels to watch
The shares are down over 4% at time of writing to $52.57, close to the session low at $52.36. At that price, next support is at $51.98. Resistance is at $53.54. BMO Capital earlier downgraded the stock to Market Perform and cut its price target to $54. The firm cited valuation, mixed field checks, and deceleration in most key financial metrics as reasons for the recommendation change and price target reduction. | | | 13:06 EDT |  | RHT | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 10:11 EDT | | KORS | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:40 EDT |  | MSFT | Barnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link | | | 08:14 EDT |  | NUAN | Nuance management to meet with Deutsche Bank
Subscribe for More Information | | | | 07:53 EDT | | URBN | Urban Outfitters volatility increases into Q1 and sales outlook
Urban Outfitters overall option implied volatility of 35 is above its 26-week average of 31 according to Track Data, suggesting larger price movement into the expected release of Q1 results today after the market close. | | | 07:42 EDT | | MSFT | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | 07:32 EDT | | MSFT | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | 07:31 EDT |  | RHT | Red Hat downgraded at BMO Capital
As previously reported, BMO Capital downgraded to Market Perform from Outperform. The firm cites valuation, mixed field checks, and deceleration in most key financial metrics for the downgrade. Price target is $54. | | | 06:42 EDT | | RHT | Red Hat downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information | | | 06:28 EDT | | KORS | Michael Kors initiated with a Buy at Canaccord
Subscribe for More Information | | | May 19, 2013 | | 18:59 EDT | | MSFT | Cisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link | | | 14:49 EDT | | MSFT | Microsoft set to unveil new Xbox amid stiff competition, Reuters says
Facing stiff competition from Sony's (SNE) PlayStation 4 and the Wii U by Nintendo (NTDOY), Microsoft (MSFT) is set to unveil its new Xbox game console, says Reuters. Reference Link | | | May 17, 2013 | | 10:17 EDT | | MSFT | Microsoft continues its quiet stealth rally, levels to watch
Subscribe for More Information | | | 10:07 EDT | | LTD | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. | | |
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