Goldman Sachs Lowers Price Target on Blue Nile (NILE)
Tweet
Share
E-mailGet Alerts NILE Hot Sheet
Price: $0.12 --0%
Rating Summary:
2 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs lowers its price target on Neutral-rated Blue Nile (NASDAQ: NILE) from $57 to $47 ahead of Q2 results on August 5th after the market closes.
The firm expects the quarter will stack up similar to Q1, revenues in the +HSD-LDD range, and margins remaining under pressure. They trimmed Q2 EPS estimates from $0.21 to $0.20 on continued GM pressure due to rising commodity costs.
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $38.61 yesterday.
The firm expects the quarter will stack up similar to Q1, revenues in the +HSD-LDD range, and margins remaining under pressure. They trimmed Q2 EPS estimates from $0.21 to $0.20 on continued GM pressure due to rising commodity costs.
For more ratings news on Blue Nile click here and for the rating history of Blue Nile click here.
Shares of Blue Nile closed at $38.61 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- UBS Reiterates Buy Rating on Hilton Worldwide (HLT)
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
