Wall Street drops, posts worst week since August
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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
UBS Cuts Price Target on Nordstrom (JWN) Following 3Q EPS Miss
November 17, 2015 9:31 AM ESTUBS maintained a Buy rating on Nordstrom (NYSE: JWN), and cut the price target to $63.00 (from $82.00), following the company's 3Q earnings report. JWN reported EPS of $0.57 vs UBS' estimate of $0.74. UBS lowered 4Q and 2015 EPS estimates to $1.35 and $3.49 from $1.50 & $3.82 previously.
Analyst Michael... More
Stifel Upgrades Perrigo Co. (PRGO) to Buy
November 13, 2015 1:31 PM ESTStifel upgraded Perrigo Co. (NYSE: PRGO) from Hold to Buy with a price target of $195.00.
For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.
Shares of Perrigo Co. closed at $156.55 yesterday.
... MoreUBS Reiterates Buy on Cisco Systems (CSCO) Following 1Q Results
November 13, 2015 9:43 AM ESTUBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO), following the company's 1Q16 earnings report. Cisco's results beat F1Q estimates and its F2Q EPS guidance was in-line. Sales in most of the segments, including Security, Switching and Data Center,... More
Fossil Group (FOSL) Announces Misfit Inc. Acquisition Along Side 3Q Miss; Nomura Securities Cuts Price Target to $40
November 13, 2015 8:30 AM ESTNomura Securities reiterated a Neutral rating on Fossil (NASDAQ: FOSL), and cut the price target to $40.00, following the company's 3Q report. Watch sales remain under pressure, a fact not helped by KORSs prior success. Management noted that excluding KORS decline, watch sales were flat on a constant... More
Fossil Group (FOSL) Misses already Negative 3Q Expectations; Piper Jaffray Cuts Price Target to $25
November 13, 2015 8:17 AM ESTPiper Jaffray Reiterated an Underweight rating on Fossil (NASDAQ: FOSL), and cut the price target to $25.00 (from $46.00), following a negative 3Q. Results for the company's 3Q came in below the already negative expectations. FOSL reported Q3 sales down 14% Y/Y to $771M, below the Street at $795M. Q3 EPS was $1.19... More
Mylan (MYL) Said 10M Shares Short of Winning 50.1% - CNBC's Faber (PRGO)
November 13, 2015 7:54 AM ESTMylan (NASDAQ: MYL) said 10 million shares short of winning 50.1 percent in Perrigo (NYSE: PRGO) voting, according to CNBC's David Faber.
... More