Pre-Open Stock Movers 05/24: (MGN) (XCO) (PLCM) (GPRO) Higher; (SSW) (DSW) (SAGE) (BBY) Lower (more...)
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- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
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- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
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- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
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Canaccord Genuity Cuts Price Target on DSW, Inc. (DSW) Following 1Q Miss and Guidance
May 25, 2016 9:49 AM EDTCanaccord Genuity maintained a Hold rating on DSW Inc. (NYSE: DSW), and cut the price target to $19.00 (from $20.00), following the company's 1Q earnings report. Results for the quarter missed expectations, driven by lower gross margin (-8c) and lower revenue (-1c), partially offset by lower SG&A growth (+2c) and lower shares outstanding (+1c).
Analyst Camilo Lyon commented, "While we were expecting a soft Q1, DSW's Q1 results were well short... More
Jefferies Cuts Price Target on DSW, Inc. (DSW) to $26 Following 1Q Shortfall
May 25, 2016 9:29 AM EDTJefferies maintained a Buy rating on DSW Inc. (NYSE: DSW), and cut the price target to $26.00 (from $33.00), following the company's 1Q earnings report.
Analyst Edward Plank commented, "DSWs 1Q shortfall and steep cut to what we viewed as already conservative FY... More
Wedbush Remains Bearish on Best Buy (BBY) Following 1Q Review
May 25, 2016 8:01 AM EDTWedbush maintained an Underperform rating and $20.50 price target on Best Buy (NYSE: BBY) following a review of the company's 1Q. Revenue was $8.44 billion vs. the consensus of $8.29 billion, and guidance of $8.25 8.35 billion. Non-GAAP EPS was $0.44 vs. the consensus of $0.35, and guidance of $0.31 0.35. Results... More
BB&T Capital Remains Sidelined on DSW, Inc. (DSW) Following 1Q Miss
May 25, 2016 6:55 AM EDTBB&T Capital reiterated a Hold rating on DSW Inc. (NYSE: DSW) following the company's 1Q earnings report. DSW reported EPS of $0.40, below consensus of $0.46. Sales were lower than expected, on a -1.6% comp, below consensus of +0.2%.
Analyst Corinna Freedman... More
MKM Partners Cuts Price Target on DSW, Inc. (DSW) Following 1Q Miss
May 24, 2016 2:43 PM EDTMKM Partners maintained a Neutral rating on DSW Inc. (NYSE: DSW), and cut the price target to $21.00 (from $24.00), following the company's 1Q earnings report. Comps decreased 1.6% vs. the Street's flat forecast, and adjusted EPS fell 22% to $0.40 vs. Street at $0.46.
Analyst Patrick McKeever... More
