Amazon delivers S&P 500 its best day in two months

Nomura Securities Remains Bullish on Disney (DIS) as 2Q Results Miss Expectations

Nomura Securities maintained a Buy rating and $115.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Star Wars: The Force Awakens and Zootopia propelled 69% YoY growth in theatrical distribution revenue. However, revenue and operating income declined at Consumer Products and Interactive Media,... More

Fitch Cuts Gap, Inc. (GPS) to Junk Status

Fitch Ratings has downgraded the Long-Term Issuer Default Rating for The Gap, Inc. (NYSE: GPS)(Gap) to 'BB+' from 'BBB-'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release.

The downgrade reflects Fitch's reduced confidence in stabilization of sales, expectations of continued gross margin volatility, and belief that Gap will need to continue using real estate actions and large-scale cost reduction programs to protect EBITDA in the face of sales declines. Fitch expects EBITDA to decline to the $2 billion range in 2016 versus $2.3... More

FBR Capital Reiterates Outperform on Disney (DIS) Following 2Q EPS Miss

FBR Capital reiterated an Outperform rating and $111.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Adjusted EPS of $1.36 missed consensus by $0.03. Disney does not guide to quarters and does not steer the Street.

Analyst Barton Crockett commented,... More

Jefferies Remains Sidelined on Disney (DIS) Following Mixed 2Q

Jefferies maintained a Hold rating and $92.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report.

Analyst John Janedis commented, "F2Q results were mixed with upside at Parks / Studio offset by weaker Media and Consumer results. With downside... More

SolarCity (SCTY): Trading Close To PowerCo NAV - Stifel

Stifel analyst, Sven Eenmaa, cut his PT to $46 on Buy rated SolarCity (NASDAQ: SCTY) after a widely expected guidance reduction. Despite the increased risk, the stock is trading close to the value of PowerCo assets that it does not warrant a downgrade from... More

SolarCity's (SCTY) Buy Rating Maintained at Deutsche Bank

Deutsche Bank maintained a Buy rating on SolarCity (NASDAQ: SCTY) with a price target of $49. Shares declined following the release of Q1 results.

Analyst Vishal Shah commented, saying, "Weak Q1 bookings and generally cautious mgmt commentary raises the question whether the... More

Stifel Cuts Price Target on Gap, Inc. (GPS) Following Weak April Results

Stifel maintained a Buy rating on Gap, Inc. (NYSE: GPS), and cut the price target to $28.00 (from $35.00), following the company's weak April results. The company established 1Q EPS guidance in the range of $0.31-$0.32, well below the consensus of $0.44. Margins will be... More

Raymond James Cuts Price Target as SolarCity (SCTY) Cuts Installation Guidance

Raymond James maintained a Strong Buy rating on SolarCity (NASDAQ: SCTY), and cut the price target to $50.00 (from $60.00), following the company's 1Q earnings report. Periodic billings revenue of $84.2 million topped estimates of $80.6 million, plus there was upfront system and incentives revenue of $38.4 million. The start to 2016 bookings was slow, largely a function of the regulatory uncertainty in... More

FBR Capital Remains Sidelined on Gap, Inc. (GPS) Following April Review

FBR Capital maintained a Market Perform rating and $27.00 price target on Gap, Inc. (NYSE: GPS) following the company's April review. GPS' SSS was 7%, missing the consensus estimates of /+1.1%. The company guided EPS to $0.31$0.32, versus consensus of $0.44. Management indicated once again that elevated inventory levels weighed on GM.

Analyst Susan Anderson commented, "GPS reported an April SSS miss of 7%, versus FBR/consensus... More

Wedbush Cuts Price Target on Gap, Inc. (GPS) to $19 Following Weak April

Wedbush maintained a Neutral rating on Gap, Inc. (NYSE: GPS), and cut the price target to $19.00 (from $25.00), following weak April results. GPS reported April SSS of (7)%, well below consensus of +0.5%, driven by disappointing results across all three divisions. Management guided 1Q EPS in the range of $0.31- $0.32... More