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Stock Market & Financial Investment News

News Breaks
November 15, 2012
07:36 EDTSCSSSelect Comfort shares should be bought on weakness, says Stifel Nicolaus
After meeting with Select Comfort's management, Stifel Nicolaus believes that the company's initiatives are growing its revenues and helping the company cope effectively with the challenges facing the specialty bedding segment of the mattress industry. The firm maintains a $42 target and Buy rating on the stock.
News For SCSS From The Last 14 Days
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February 11, 2016
16:16 EDTSCSSSelect Comfort says ERP transition caused delays, delivery reschedulings
"The transition from our 20-year-old legacy systems to a fully integrated ERP platform has been more challenging with far greater customer and financial impacts than we anticipated. Many of our customers endured delays and delivery reschedules as we ramped up the new system. We have made major progress resolving technical and operational issues. Plants have increased production levels ahead of current demand and operational and customer service levels have significantly improved," the company said.
16:15 EDTSCSSSelect Comfort sees FY16 EPS with items $1.25-$1.45, consensus $1.57
EPS figure includes 25c-30c negative impact related to ERP transition, largely impacting Q1, including sales impact of $40M-$50M. Sees FY16 sales growth in low teens, with low-single digit growth in 1H, followed by stronger growth in back-half of year.
16:13 EDTSCSSSelect Comfort reports Q4 EPS with items (42c), consensus (5c)
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January 29, 2016
10:05 EDTSCSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
07:17 EDTSCSSSelect Comfort upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Seth Basham upgraded Select Comfort to Outperform after his firm's store survey pointed to a positive inflection in sales trends. The analyst sees a more favorable risk/reward at current share levels and keeps a $23 price target for the name.

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