Wall Street rally goes up in smoke, indexes end lower
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August 26, 2015 11:34 AM EDT
Morgan Stanley maintained an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $40.00 (from $43.00), following the company's 2Q16 earnings results. BBY delivered Q2 EPS of $0.49, which was 15 cents above consensus. Analyst Simeon Gutman said that the strength of the quarter... More
August 26, 2015 9:24 AM EDT
Jefferies reiterated a Buy rating on Best Buy (NYSE: BBY), and raised the price target to $50.00 (from $49.00), following a conversation with management. Based on the conversations with management, analyst Daniel Binder believes that initiatives aimed at improving conversion are still ramping.
Binder commented,... More
August 26, 2015 8:34 AM EDT
UBS reiterated a Neutral rating on Best Buy (NYSE: BBY), and raised the price target to $35.00 (from $33.00), following the company's 2Q16 earnings results. BBY reported EPS of $0.49 beating consensus of $0.34. Revenues of $8.53B came out ahead of $8.29B consensus.
Analyst Michael Lasser commented, "While there is typically a tendency to hem and haw with BBY's... More
August 25, 2015 8:05 AM EDT
Nomura Securities reiterated a Buy rating and $145.00 price target on Apple (NASDAQ: AAPL) following an update by CEO, Time Cook. Mr. Cook indicated internal updates as of yesterday morning showed China growth to be strong. With pricing in a ~%15 decline, Analyst Jeffrey Kvaal said... More
