News For PSUN From The Last 14 Days Check below for free stories on PSUN the last two weeks.
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March 12, 2010
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| 16:20 EDT |  | PSUN |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Friday 3/12 | | The futures were positive throughout the pre market trading session leading to a higher open. The futures were pushed higher by better-than-expected results from the advance retail sales report. Once open, however, the averages gave up their gains and eventually fell into negative territory. Before dropping too far, the averages righted themselves and found a level where they sat for most of the session. The market ended the week the same way it began, by digesting last week’s gains and trading in a very narrow range…The Dow rose 12.85 to 10,624.69, the S&P lost 0.25 to 1,149.99, and the Nasdaq slipped 0.80 to 2,367.66…Among the biggest gainers: Clear Channel Outdoor Holdings (CCO) rallied 11.8% to $11.83 after posting higher-than-expected Q4 sales. The stock was also upgraded to Outperform from Neutral at Wedbush Securities. Agrium (AGU) surged 8% to $72.10 after announcing it will let its $5.43B offer for CF Industries (CF) expire, ending a yearlong attempt to take over the rival. The losers included: Cytori Therapeutics (CYTX) which slumped 19.7% to $6.02 after reporting Q4 EPS that missed analysts’ estimates by 50%. Pacific Sunwear (PSUN) dropped 15.5% to $4.86 after forecasting a Q1 loss that was wider than analysts’ estimates. The stock was also downgraded to Marketperform from Outperform at FBR Capital Markets. CURRENCY: The dollar closed 0.15% lower against the yen at 90.43 and 0.60% higher on the euro at 0.7267…COMMODITIES: Crude oil closed down 0.87 to 81.24...Natural gas lost 0.05 to 4.46...Gold was lower by 1.20 to 1,107.00…ECONOMIC DATA: Retail sales for February were up 0.3%, month-over-month. Less autos, sales were up 0.8%...The consumer sentiment index level for March was 72.5 versus consensus of 74.0...Business inventories for January were 0.0%, month-over-month, versus consensus of 0.2%. EARNINGS…Notable companies reporting Monday before the opening bell include: American Oriental Bio Engineering (AOB), Central Vermont Public Service (CV), GTx (GTXI), Jinpan (JST), Schawk (SGK), Sterling Construction (STRL), and Toreador Resources (TRGL). :theflyonthewall.com |
| | 12:07 EDT | | PSUN |
| | 09:00 EDT | | PSUN |
| theflyonthewall.com: | On The Fly: Analysts Downgrade Summary | | MOST NOTEWORTHY: Abbott Labs (ABT), Facet Biotech (FACT) and Pacific Sunwear (PSUN) were today's noteworthy downgrades: Citigroup downgraded Abbott Labs to Sell from Hold citing profitability and pipeline concerns. Despite downgrading to Sell, Citi raised its target for shares to $52 from $46. BMO Capital downgraded Facet Biotech to Market Perform from Outperform following the acquisition announcement by Abbott Labs. FBR Capital downgraded Pacific Sunwear to Market Perform from Outperform following the company's Q4 results to reflect a lack of positive catalysts and visibility. The firm keeps a $5 price target on shares...OTHER DOWNGRADES: HSBC Holdings (HBC) was downgraded to Neutral from Conviction Buy at Goldman. NRG Energy (NRG) was downgraded to Neutral from Buy at BofA/Merrill. Grand Canyon (LOPE) was downgraded to Neutral from Outperform at Credit Suisse. :theflyonthewall.com |
| | 06:30 EDT |  | PSUN |
| theflyonthewall.com: | Pacific Sunwear downgraded to Market Perform from Outperform at FBR Capital | | FBR downgraded Pacific Sunwear following the company's Q4 results to reflect a lack of positive catalysts and visibility. The firm keeps a $5 price target on shares. :theflyonthewall.com |
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March 11, 2010
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| 16:14 EDT |  | PSUN |
| | 16:13 EDT | | PSUN |
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