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Stock Market & Financial Investment News

News Breaks
February 10, 2014
09:00 EDTBIDSotheby's falls 7.3%
Sotheby's is down 7.3%, or $3.67, to $46.58
News For BID From The Last 14 Days
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January 21, 2015
15:41 EDTBIDSotheby's Q1 catelogs accelerating topline potential, says Stifel
Stifel said Sotheby's may be regaining some traction and believes Q1 catalogs indicate accelerated top-line trend potential. The analyst said upcoming aggregated auction estimates imply sales up 9% year-over-year vs. the firm's prior estimate of +6%. Stifel believes Sotheby's is a mispriced trophy asset with potential improved execution and balance sheet structure. Shares are Buy rated with a $50 price target.

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