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Stock Market & Financial Investment News

News Breaks
August 12, 2014
12:31 EDTANF, ARO, URBN, AEOAbercrombie upgraded at Stifel citing better assortment, trimmed costs
Shares of Abercrombie & Fitch (ANF) were upgraded by research firm Stifel this morning, though the retailer's shares are slightly lower in early afternoon trading. WHAT'S NEW: Stifel analyst Richard Jaffe upgraded Abercrombie & Fitch to Buy from Hold, citing the retailer's better merchandise assortment and reshaped cost structure. Jaffe feels that Abercrombie & Fitch had been running with overblown expenses and believes that having a slimmer cost structure will allow the company to influence sales better and boost future EPS. The analyst raised his Q4 EPS estimate to $1.94 from $1.87, his FY14 EPS estimate to $2.50 from $2.43 and his FY15 EPS estimate to $3.40 from $3.14. Over the next year, Jaffe said that he expects A&F shares will be valued for the company's effort to win back customers at its Hollister and Abercrombie stores. Still, he said that Q3 could continue to be a struggle for the retailer due to external obstacles that are still a headwind. The firm maintains a $50 price target on the retailer's shares. WHAT'S NOTABLE: Analysts at Wunderlich also initiated coverage of the stock this morning with a Buy rating and a $48 price target. PRICE ACTION: During early afternoon trading, shares of Abercrombie & Fitch fell 9c, or 0.2%, to $41.47. OTHERS TO WATCH: Rivals to Abercrombie & Fitch include Aeropostale (ARO), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).
News For ANF;ARO;URBN;AEO From The Last 14 Days
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October 17, 2014
10:00 EDTURBNOn The Fly: Analyst Downgrade Summary
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09:17 EDTURBNOn The Fly: Pre-market Movers
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08:02 EDTURBNUrban Outfitters price target lowered to $41 from $44 at RW Baird
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07:30 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Janney Capital
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06:53 EDTURBNUrban Outfitters downgraded at Morgan Stanley
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06:27 EDTURBNUrban Outfitters downgraded to Equal Weight from Overweight at Morgan Stanley
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05:29 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Goldman
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October 16, 2014
18:36 EDTURBNOn The Fly: After Hours Movers
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17:10 EDTANF, AEO, URBNAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
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16:47 EDTURBNUrban Outfitters down 13% after saying gross profit margin outlook weak
16:05 EDTURBNUrban Outfitters says Q3 gross profit margin may deleverage more than in 1H
Urban Outfitters announced that Q3 negative comparable retail segment net sales, as reported in its Form 10-Q filed in early September, has continued quarter-to-date. Due to the lower than expected sales, URBN believes its gross profit margin may deleverage for Q3 at a rate greater than during the first half of the year. If this were to occur, the company's Q3 earnings would be negatively impacted.
10:01 EDTURBNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
05:46 EDTURBNUrban Outfitters downgraded to Neutral from Outperform at Macquarie
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October 9, 2014
10:50 EDTAEO, ANF, URBNGap falls after announcing CEO Murphy will step down, weak September sales
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09:41 EDTARO, ANFBofA/Merrill retail analysts hold an analyst/industry conference call
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October 6, 2014
10:04 EDTANFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
10:04 EDTANFOn The Fly: Analyst Upgrade Summary
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06:46 EDTANFAbercrombie & Fitch downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Abercrombie & Fitch to Neutral after its channel checks indicated worsening selling conditions across Europe. Piper thinks shares could see pressure in the near-term and lowered its price target for the stock to $35 from $45. Note Abercrombie was upgraded to Buy this morning at Mizuho.
05:56 EDTANFAbercrombie & Fitch downgraded to Neutral from Overweight at Piper Jaffray
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05:37 EDTANFAbercrombie & Fitch upgraded to Buy from Neutral at Mizuho
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