Wall St. falls on Fed rate hike worry
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May 19, 2016 3:44 PM EDT
Cowen reiterated a Market Perform rating on Wal-Mart (NYSE: WMT), and raised the price target to $70.00 (from $64.00), following the company's 1Q earnings report. Walmart posted US comps of +1.0%, above the Street's +0.5% estimate and management.'s guidance of +0.5%. Management. noted in the pre-recorded... More
May 19, 2016 10:52 AM EDT
MKM Partners reiterated a Buy rating on salesforce.com (NYSE: CRM), and raised the price target to $96.00 (from $86.00), following the company's 1Q earnings report. Reported billings of $1,632mn easily beat the consensus estimates of $1,458mn, and grew 31% Y/Y vs. guidance of 11-14%. Billings were likely aided by the broad price... More
May 19, 2016 9:23 AM EDT
Cowen and Company reaffirms Wal-mart (NYSE: WMT) at Market Perform with a price target of $64 following Q1 results and outlook issued earlier.
Analyst Oliver Chen commented, 1Q sales summary: Walmart US comps of +1.0%, above Cowen and the Street's +0.5% estimate and mgmt.'s guidance of +0.5%. The 2-year stack was flat with 4Q at a healthy... More
May 19, 2016 9:20 AM EDT
Drexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $36.00 (from $34.00), following the company's 3Q earnings report. Cisco reported sales of $12.0 billion that met consensus estimates of $11.95 billion and pro forma EPS of $0.57 was better than the consensus'... More
