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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:07 EDTGESGuess falls after Chief Design Officer latest to leave
Shares of clothing designer and retailer Guess are falling after it announced last night that its Chief Design Officer had left the company. In a note to investors today, research firm Peiper Jaffray called the news "concerning." WHAT'S NEW: Guess last night announced that its Chief Design Officer, Sharleen Ernster, would leave the company, effective immediately. The company did not disclose a specific reason for her departure, but said that both the company and she agreed that she should leave. ANALYST REACTION: Piper Jaffray analyst Erinn Murphy wrote that she was "concerned" by continuing management turnover at Guess. The company's former Senior Vice President/General Merchandise Manager of North America left earlier this summer, and three executives departed between November 2012 and February 2013, Murphy reported. In the wake of the two recent departures, Guess' turnaround is likely to take longer than previously thought, according to Murphy, who kept a $25 price target and Neutral rating on the shares. WHAT'S NOTABLE: Murphy downgraded Guess to Neutral from Buy earlier this week, writing that disruptions to the company's U.S. business made it more difficult to predict when it would rebound. PRICE ACTION: In early trading, Guess sank 4.5% to $25.
News For GES From The Last 14 Days
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July 15, 2015
12:18 EDTGESOn The Fly: Top stock stories at midday
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10:01 EDTGESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
09:47 EDTGESGuess gaps up, levels to watch
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09:09 EDTGESGuess upgraded to Hold from Sell at Evercore ISI
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06:46 EDTGESGuess upgraded to Market Perform from Underperform at Telsey Advisory
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