Trading Radar for 4/6: Monsanto (MON), Acuity Brands (AYI), Constellation Brands (STZ), Schnitzer Steel (SCHN) Report
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Canaccord Genuity Raises Price Target on Acuity Brands (AYI) to $269 Following 2Q
April 7, 2016 10:52 AM EDTCanaccord Genuity reiterated a Buy rating on Acuity Brands (NYSE: AYI), and raised the price target to $269.00 (from $247.00), following the company's 2Q earnings report. Revenues were $777.8M compared to the consensus estimate of $752.3M. EPS of $1.80 came in above the consensus estimate of $1.57.
Analyst... More
UBS Raises Price Target on Constellation Brands (STZ) Following 4Q Earnings Report
April 7, 2016 9:14 AM EDTUBS reiterated a Neutral rating on Constellation Brands (NYSE: STZ), and raised the price target to $173.00 (from $162.00), following the company's 4Q earnings report. STZ reported 4Q EPS of $1.19, coming in ahead of consensus estimates of $1.15. UBS believes that the company can... More
Jefferies Raises Price Target on Ollie's Bargain Outlet (OLLI) to $29 Following 4Q
April 7, 2016 8:38 AM EDTJefferies reiterated a Buy rating on Ollie's Bargain Outlet (NASDAQ: OLLI), and raised the price target to $29.00 (from $23.00), following the company's 4Q earnings report. EPS came in a few cents ahead of expectations, driven by strong new store productivity and expense leverage. Comp store... More
Piper Jaffray Raises Price Target on Global Payments (GPN) Following a Strong 3Q
April 7, 2016 7:25 AM EDTPiper Jaffray reiterated a Neutral rating on Global Payments (NYSE: GPN), and raised the price target to $76.00 (from $73.00), following the company's 3Q earnings report. GPN reported EPS of $0.70, beating the consensus estimate $0.67. GPNs strategy of direct distribution across its global platform continues to drive strong growth and margin... More
Baird Remains Bullish on 8point3 Energy Partners (CAFD) Following 1Q Report
April 7, 2016 7:12 AM EDTBaird reiterated an Outperform rating and $20.00 price target on 8point3 Energy Partners LP (NASDAQ: CAFD) following the company's 1Q earnings report. Total operating revenue was $7.1M, exceeding consensus estimates of $6.7M. Adjusted EBITDA was $7.7M, exceeding consensus of $6.5M.
Analyst Ben Kallo... More