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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 6, 2015
10:01 EDTGESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 58.com (WUBA) upgraded to Buy from Hold at Summit Research... Altria Group (MO) upgraded to Buy from Outperform at CLSA... Ares Commercial (ACRE) upgraded to Outperform from Market Perform at FBR Capital... BAE Systems (BAESY) upgraded to Overweight from Equal Weight at Morgan Stanley... BGC Partners (BGCP) upgraded to Strong Buy from Outperform at Raymond James... Cognizant (CTSH) upgraded to Buy on valuation at CLSA... Edwards Lifesciences (EW) upgraded to Overweight from Equal Weight at Morgan Stanley... Guess (GES) upgraded to Neutral from Underweight at Piper Jaffray... MarkWest Energy (MWE) upgraded to Overweight from Equal Weight at Barclays... Palo Alto (PANW) upgraded to Outperform following checks at Cowen... The Medicines Co. (MDCO) upgraded to Buy from Neutral at Mizuho... TripAdvisor (TRIP) upgraded to Equal Weight from Underweight at Barclays... Union Pacific (UNP) upgraded to Outperform at Cowen... United Continental (UAL) upgraded to Buy from Fair Value at CRT Capital... eHealth (EHTH) upgraded on Medicare outlook, risk/reward at RBC Capital.
06:35 EDTGESGuess upgraded to Neutral from Underweight at Piper Jaffray
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