Needham & Company Raises Price Target on St. Jude Medical (STJ) Following Strong 1Q Results
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April 20, 2016 9:01 AM EDT
By Noel Randewich
(Reuters) - Wall Street ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports.
Driven 15 percent higher since mid-February by a recovery in weak oil prices and helped by a softer dollar, the S&P 500 stood less than 30 points below last May's all-time peak.
Investors fixated on a parade of first-quarter results, including an upbeat report from VMWare and a disappointing scorecard from Coca-Cola.
Weighed down by the energy sector, first-quarter earnings at S&P 500... More
April 20, 2016 7:16 AM EDT
St. Jude Medical (NYSE: STJ) reported Q1 EPS of $0.90, $0.02 better than the analyst estimate of $0.88. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.43 billion.
GUIDANCE:
St. Jude Medical sees Q2 2016 EPS of $1.05-$1.07, versus the... More
April 19, 2016 2:24 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
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April 18, 2016 7:16 AM EDT
BTIG downgraded St. Jude Medical (NYSE: STJ) from Buy to Neutral. Analysts see shares as fairly valued.
For an analyst ratings summary and ratings history on St. Jude Medical click here. For more ratings news on St. Jude Medical click here.
Shares of St. Jude Medical closed at $58.68 yesterday.
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