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Stock Market & Financial Investment News

News For MRVL;COH;KORS;AEO;GOL;RIMM;MED From The Last 14 Days
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March 5, 2015
11:42 EDTAEOAnalysts get more bullish on American Eagle, bearish on Abercrombie
Analysts were upbeat on apparel retailer American Eagle (AEO) following its fourth quarter results, with at least two firms upgrading its shares. Street researchers were bearish on its peer Abercrombie & Fitch (ANF) after its quarterly report, with at least two downgrades of A&F shares coming this morning. AMERICAN EAGLE: After American Eagle reported higher than expected fourth quarter profits, Stifel analyst Richard Jaffe upgraded the stock to Buy from Hold. The company's strong sales were a result of it introducing more compelling merchandise and using marketing that was more relevant, according to Jaffe. The company's sales trends have improved this quarter and the stock's outlook has become more favorable, added the analyst, who set a $20 price target on the shares. B. Riley also upgraded American Eagle to Buy, as the firm believes its business is in the early stages of a recovery and is poised to build on its momentum, leading to a margin recovery ahead. The firm hiked its price target on the stock to $20 from $15. Meanwhile, BMO Capital analyst John Morris wrote that American Eagle's momentum is building. The retailer is gaining market share and its margins can increase going forward, according to Morris, who raised his price target on the name to $20 from $18 and kept an Outperform rating on the stock. ABERCROMBIE: After Abercrombie reported in-line fourth quarter profit and slightly lower than expected revenue and said that it believes that its business will remain challenging in the first half of fiscal 2015, Nomura analyst Simeon Siegel responded by downgrading the stock to Neutral from Buy. The pressures on the retailer's comparative sales are likely to persist, and investors should avoid the stock until the outlook on its results becomes more certain, according to Siegel. Abercrombie & Fitch was also downgraded to Underweight from Overweight at Stephens, which slashed its price target for shares to $16 from $35. UBS analyst Roxanne Meyer cut her price target on the retailer to $21 from $26. The retailer's comps are still very pressured and are unlikely to recover until at least the back to school period, Meyer believes. Moreover, it will be difficult for Abercrombie to wean its customers off the discounts it's currently offering without improving its product, the analyst contended. She kept a Neutral rating on the stock. PRICE ACTION: In late morning trading, American Eagle rose 1.6% to $16.22 while Abercrombie declined 3.6% to $19.54.
10:05 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:27 EDTAEOAmerican Eagle momentum building, says BMO Capital
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09:07 EDTAEOAmerican Eagle results show turnaround a reality, says SunTrust
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07:55 EDTAEOAmerican Eagle Q4 result were solid, says Susquehanna
Susquehanna said American Eagle posted solid Q4 results due to its improved merchandise position, stringent inventory control, and expense management. Susquehanna maintained its Positive rating and raised its price target to $20 from $19 on American Eagle shares.
07:14 EDTAEOAmerican Eagle upgraded to Buy from Hold at Stifel
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07:06 EDTAEOAmerican Eagle upgraded at B. Riley
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07:01 EDTCOHCoach price target raised to $47 from $43 at JPMorgan
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06:20 EDTAEOAmerican Eagle upgraded to Buy from Neutral at B. Riley
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March 4, 2015
11:17 EDTAEOAmerican Eagle says saw store traffic improve in January, February
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10:59 EDTAEOAmerican Eagle says CEO search 'continues'
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10:56 EDTAEOAmerican Eagle says has only started to 'scratch the surface' internationally
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10:53 EDTAEOAmerican Eagle says planning further reduction in markdowns in FY15
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09:08 EDTAEOOn The Fly: Pre-market Movers
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08:03 EDTAEOAmerican Eagle sees Q1 EPS 9c-12c, consensus 7c
Based on a mid single digit increase in comparable sales, management expects Q1 EPS to be approximately 9c-12c, which includes the expected negative impact of 2c per share due to the West Coast port slowdown. This guidance excludes potential asset impairment and restructuring charges, and compares to EPS of 2c last year.
08:02 EDTAEOAmerican Eagle reports Q4 continuing ops EPS 36c, consensus 34c
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March 3, 2015
15:57 EDTCOH, AEOBofA/Merrill retail analysts hold an analyst/industry conference call
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15:20 EDTAEONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PetSmart (PETM), consensus $1.38... Trina Solar (TSL), consensus 13c... Lexicon Pharmaceuticals (LXRX), consensus (3c)... Abercrombie & Fitch (ANF), consensus $1.15... American Eagle Outfitters (AEO), consensus 34c... E. W. Scripps (SSP), consensus 40c.
14:46 EDTAEOAmerican Eagle technical comments before earnings
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13:32 EDTAEOAmerican Eagle weekly volatility elevated into Q4 and outlook
American Eagle March weekly call option implied volatility is at 89, March is at 52, April is at 44, August is at 35; compared to its 26-week average of 41 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 4.
10:22 EDTAEOGoldman sees weakness ahead for specialty apparel retailers
The stocks of specialty apparel retailers could drop sharply as a result of the cold February weather and bottlenecks at West Coast ports, Goldman Sachs wrote in a note to investors today. WHAT'S NEW: The cold February and port delays will probably cause specialty retailers to report lower than expected profits for the first half of 2015, Goldman analyst Lindsay Drucker Mann forecast. As a result of these factors, the inventories of companies in the sector will probably be backed up all the way to Easter, wrote Mann, adding that foreign exchange fluctuations are also likely to weigh on specialty retailers' profits. The analyst cut her rating on PVH Corp. (PVH) two notches to Neutral from Conviction Buy, predicting that the company's profits would take longer to recover than she previously believed. Among specialty retail stocks, Mann is most negative on Abercrombie & Fitch (ANF), Francesca's (FRAN), and Ann Inc. (ANN). She maintained Sell ratings on all three names. The analyst predicted that American Eagle's (AEO) stock could fall further, and maintained a Neutral rating on those shares. WHAT'S NOTABLE: On February 26, Morgan Stanley downgraded Abercrombie & Fitch, citing skepticism about the turnaround prospects of its international business and negative foreign exchange trends. The firm predicted that the company's fiscal 2015 EPS guidance would come in below expectations. However, two firms were recently upbeat on American Eagle, with BMO Capital identifying the company as its favorite name for spring, stating that it expects American Eagle to benefit from the 70s fashion trend. Also, BB&T recently initiated the stock with a Buy rating. PRICE ACTION: In early trading, PVH fell 1.4% to $105.23, Abercrombie & Fitch lost 1.6% to $24, Francesca's declined 2% to $14.62, Ann slid 1.1% to $35.36, and American Eagle lost 1% to $14.80.
05:57 EDTAEOPVH Corp. downgraded to Neutral from Conviction Buy at Goldman
Goldman Sachs downgraded PVH Corp. (PVH) to Neutral from Conviction Buy saying a cold February and port-related product delays in March will push out the company's earnings recovery. Goldman cut its price target for the owner of Calvin Klein and Tommy Hilfiger to $109 from $143. The stock closed Monday up 21c to $106.74. Within the Specialty Apparel space, Goldman is most negative on Abercrombie & Fitch (ANF), Francesca's (FRAN) and Ann Inc. (ANN), and it sees "fresh downside risk" to American Eagle (AEO). It says the weather and port issues could "throw cold water on the Specialty rally."
March 2, 2015
09:47 EDTCOHCoach downgraded to Hold from Buy at Standpoint Research
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08:09 EDTMRVLMarvell open sources KinomaJS
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06:05 EDTMRVLStocks with implied volatility movement; MNKD MRVL
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06:00 EDTMRVLMarvell announces partnership with Google;s ATAP Group
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February 27, 2015
10:12 EDTAEOGap rises after Q4 earnings top forecast, capital return plans announced
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February 25, 2015
10:01 EDTMRVLOn The Fly: Analyst Downgrade Summary
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09:36 EDTMRVLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
07:31 EDTCOHCoach longer term outlook positive, says Stifel
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07:08 EDTMRVLMarvell downgraded at Stifel
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06:07 EDTMRVLMarvell downgraded to Hold from Buy at Stifel
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February 24, 2015
12:22 EDTAEOOn The Fly: Analyst Initiation Summary
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10:08 EDTMRVLOptions with decreasing implied volatility
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10:00 EDTCOH, AEOOn The Fly: Analyst Upgrade Summary
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09:28 EDTAEOAmerican Eagle initiated with a Buy at BB&T
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09:10 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at Telsey Advisory
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08:19 EDTAEOAmerican Eagle identified as favorite name for Spring at BMO Capital
BMO Capital named American Eagle as its favorite apparel retailer for spring, as the firm expects the company to benefit from the 70s Style fashion trend. .
06:28 EDTCOHCoach upgraded to Outperform from Perform at Oppenheimer
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February 23, 2015
08:18 EDTGOLGOL Linhas reports January domestic load factor 84.1%
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February 20, 2015
10:22 EDTMRVLMarvell reiterated as a Sell at Goldman
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10:01 EDTMRVLOn The Fly: Analyst Upgrade Summary
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07:23 EDTMRVLMarvell willingness to explore alternatives a positive, says Brean Capital
Brean Capital noted Marvell reported a top-line miss but beat earnings by a penny and the firm said it was disappointed by the company's lower guidance. The firm believes that management's comment regarding their willingness to explore alternatives for its mobile business is positive and that a sale or joint venture could lead to significant upside. Brean Capital maintained its Buy rating and $17 price target on Marvell shares.
07:20 EDTMRVLMarvell says will consider 'anything that makes sense' for mobile business
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07:14 EDTCOHOppenheimer to hold a tour
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06:02 EDTMRVLMarvell upgraded to Outperform from Market Perform at FBR Capital
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February 19, 2015
18:19 EDTMRVLOn The Fly: After Hours Movers
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16:23 EDTMRVLMarvell sees Q1 EPS 18c plus/minus 1c, consensus 22c
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16:21 EDTMRVLMarvell reports Q4 EPS 25c, consensus 24c
Reports Q4 revenue $857M, consensus $889.88M.
15:32 EDTMRVLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Public Storage (PSA), consensus $2.19... Intuit (INTU), consensus (13c)... Consolidated Edison (ED), consensus 55c... Nordstrom (JWN), consensus $1.35... Mohawk Industries (MHK), consensus $2.21... Newmont Mining (NEM), consensus 10c... Frontier Communications (FTR), consensus 5c... Brocade Communications (BRCD), consensus 24c... Bruker (BRKR), consensus 29c... Rovi (ROVI), consensus 41c... Marvell Technology (MRVL), consensus 24c... MRC Global (MRC), consensus 46c... Equinix (EQIX), consensus $1.03.
15:11 EDTMRVLMarvell February 16.5 straddle priced for 5.6% movement into Q4
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09:59 EDTCOHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
08:57 EDTMRVLMarvell volatility elevated into Q4 and outlook
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06:30 EDTCOHCoach upgraded to Buy from Hold at Topeka
Topeka upgraded Coach to Buy and raised its price target to $44 from $40 following yesterday's Fall 2015 fashion week. The analyst is impressed how quickly Coach has changed its assortments under new design director Stuart Vevers. Topeka said there are more opening price points in handbags and improved cohesion between collection and core, creating a brand halo effect. Additionally, the firm's recent mall checks indicate a pickup in Coach store traffic.
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