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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:25 EDTWSM, WSM, WSM, BBBY, BBBY, BBBY, MFRM, MFRM, MFRM, HD, HD, HDCitigroup's consumer/home furnishings research team holds conference call
Consumer-Home Furnishings Analyst Research Team, along with Kathy Tierney, former CEO of Sur La Table, provide an industry update and outlook on an Analyst/Industry conference call. Relevant companies WSM, BBBY, MFRM, HD may be included on the Analyst/Industry conference call to be held on February 6 at 3 pm.
News For WSM;BBBY;MFRM;HD From The Last 14 Days
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October 31, 2014
08:38 EDTHDHome Depot price target raised to $110 from $100 at RW Baird
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06:07 EDTWSMWilliams-Sonoma to pay $700,000 penalty for faulty shades
The U.S. Consumer Product Safety Commission announced that Williams-Sonoma has agreed to pay a $700,000 civil penalty. The agreement resolves CPSC staff’s charges that the firm knowingly failed to report to CPSC immediately, as required by federal law, a defect involving Pottery Barn Kids Roman shades with exposed inner cords. Williams-Sonoma sold the Roman shades nationwide, through its Pottery Barn Kids brand, between January 2003 and November 2007, for $30 to $60. CPSC staff charged that the Pottery Barn Kids Roman shades posed a strangulation hazard to young children. By the time that Williams-Sonoma filed its full report with CPSC, seven consumers had reported that children had become entangled on the inner cords of the Pottery Barn Kids Roman shades. Williams-Sonoma ultimately recalled approximately 85,000 of the Roman shades in cooperation with CPSC. Williams-Sonoma has agreed to continue to maintain the compliance program and system of internal controls referenced in an earlier civil penalty settlement with CPSC, designed to ensure compliance with the safety statutes and regulations enforced by the Commission. In agreeing to the settlement, Williams-Sonoma neither admits nor denies CPSC staff’s charges.
October 30, 2014
14:22 EDTBBBYBed Bath & Beyond upgraded to Outperform from Underperform at Wolfe Research
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10:09 EDTHDLowe's, Home Depot rise after Goldman says housing outlook improved
Shares of Lowe's (LOW) and Home Depot (HD) are rising after Goldman Sachs became more upbeat on both companies. The firm said that the housing sector's improved outlook made the stocks more attractive. WHAT'S NEW: Goldman Sachs analyst Matthew Fassler upgraded Lowe's to Buy from Neutral and raised his price target on the shares to $63 from $58. He increased his price target on Home Depot to $103 from $100 but kept a Neutral rating on the stock. Fassler increased his estimates for both companies to reflect his greater optimism about the housing sector in 2015-2016. The analyst said that his upgrade of Lowe's also reflects his more upbeat view of retail stocks linked to housing, given the lack of cyclical challenges facing the housing market. Furthermore, Lowe's can increase its margins significantly, as they are much further below their peak than most of the company's peer, according to Fassler. Meanwhile, the big box, Do-It-Yourself retailers face little competition from Amazon (AMZN), added the analyst. PRICE ACTION: In early trading, Lowe's climbed 0.5% to $56.09, while Home Depot rose fractionally to $96.48.
06:28 EDTHDLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
October 27, 2014
10:32 EDTHDVeriFone rises after Barron's says Apple Pay positive for company
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October 24, 2014
10:03 EDTMFRMOn The Fly: Analyst Initiation Summary
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05:27 EDTMFRMMattress Firm initiated with an Overweight at Barclays
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October 22, 2014
07:06 EDTBBBYBed Bath & Beyond management to meet with Deutsche Bank
Field trip to company headquarters to be held in Union, NJ on October 22 hosted by Deutsche Bank.
October 21, 2014
06:22 EDTHDStaples may be latest retailer to be hacked, Krebs reports
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October 20, 2014
10:52 EDTMFRMMattress Firm completes acquisition of Sleep Train
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