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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:59 EDTBIDSotheby's should report higher than expected Q2 EPS, says Stifel
Stifel expects Sotheby's Q2 EPS to beat the consensus estimate. The firm thinks that the company's auction sales were strong last quarter, while its commission margin was boosted by its increased use of guarantees. The firm keeps a $65 price target and Buy rating on the shares.
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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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