Trading Radar for 8/10: Wendy's (WEN), Michael Kors (KORS), Shake Shack (SHAK), Ralph Lauren (RL) Report

UBS Raises Price Target on Ralph Lauren (RL) to $117; Reiterates Buy

UBS reiterated a Buy rating on Ralph Lauren (NYSE: RL), and raised the price target to $117.00 (from $115.00), following the company's 1Q earnings report. RL delivered revenues in line with its MSD% guidance, and guided 2Q revenues to M/HSD% above consensus at -10%.

Analyst Michael Binetti commented,... More

Leerink Partners Remains Sidelined on Perrigo (PRGO) Following Mixed 2Q

Leerink Partners maintained a Market Perform rating on Perrigo Co. (NYSE: PRGO), and cut the price target to $81.00 (from $96.00), following the company's 2Q earnings report. PRGO reported a modest beat on top line, but missed EPS by 3%.

Analyst Jason Gerberry commented,... More

Jefferies Raises Price Target on JD.com (JD) to $32 Following 2Q

Jefferies reiterated a Buy rating on JD.com, Inc (NASDAQ: JD), and raised the price target to $32.00 (from $31.60), following the company's 2Q earnings report. Revenue grew 42% yoy to RMB65.2bn, in line with management guidance and consensus. Management guided 3Q16 revenue at... More

Jefferies Cuts Price Target on Flowers Foods (FLO) Following 2Q Results

Jefferies reiterated a Buy rating on Flowers Foods (NYSE: FLO), and cut the price target to $20.00 (from $23.00), following the company's 2Q earnings report. 2Q16 sales of $935M were $11M or 1% below consensus. SG&A expenses were lower than expected resulting in a... More

Piper Jaffray Cuts Price Target on Nuvectra Corporation (NVTR) Following 2Q Revenue Beat

Piper Jaffray maintained a Neutral rating on Nuvectra Corporation (NASDAQ: NVTR), and cut the price target to $10.00 (from $12.00), following the company's 2Q earnings report. NVTR reported revenue of $2.6M, compared with $2.4M estimates.

Analyst Brooks West commented, "Nuvectra reported 2Q16 revenue of... More

RBC Capital Remains Sidelined on Wendy's (WEN) Following 2Q

RBC Capital reiterated a Sector Perform rating and $11.00 price target on Wendy's (NASDAQ: WEN) following the company's 2Q earnings report. While the company expressed confidence that it could deliver positive SSS in 2H, RBC continues to worry about Wendys ability to lap its difficult... More

Drexel Hamilton Reiterates Buy on Resonant (RESN) Following In-Line 2Q

Drexel Hamilton reiterated a Buy rating and $8.00 price target on Resonant (NASDAQ: RESN) following the company's 2Q earnings report and expansion announcement. Resonants second quarter results were very much inline with expectations, with the firm demonstrating significant progress on all fronts over the... More