Wall Street hits 'pause' after two-day surge

Jefferies Raises Price Target on Dollar Tree (DLTR) Following 1Q Earnings Report

Jefferies reiterated a Hold rating on Dollar Tree (NASDAQ: DLTR), and raised the price target to $80.00 (from $75.00), following the company's 1Q earnings report. FY17 EPS was increased $0.15 at the high end and $0.23 off the low end. This matches the upside in Q1 on a... More

Sterne Agee CRT Remains Sidelined on GameStop (GME) as Guidance Overshadows 1Q Results

Sterne Agee CRT maintained a Neutral rating on GameStop (NYSE: GME) following the company's 1Q earnings report and guidance. GME reported revenue of $1.97B in-line with the consensus estimate of $1.97B. Non-GAAP EPS of $0.66 came in ahead of the consensus of $0.62. However results were... More

Cowen Cuts Price Target on Abercrombie & Fitch (ANF) Following 1Q

Cowen maintained a Market Perform rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $20.00 (from $25.00), following the company's 1Q earnings report. ANF's reported a -4% comp driven primarily by significant traffic headwinds both in int'l & flagship/tourist stores.

Analyst... More

Needham & Company Reiterates Buy on Pure Storage, Inc. (PSTG) Following 1Q Beat

Needham & Company reiterated a Buy rating and $18.00 price target on Pure Storage (NYSE: PSTG) following the company's 1Q earnings report. Pure reported results of $139.9M in revenue and -$0.22 in non-GAAP EPS, vs. consensus of $138MM/-$0.23.

Analyst Richard Kugele... More

Susquehanna Remains Bearish on Pure Storage, Inc. (PSTG) Following Slight 1Q Beat

Susquehanna maintained a Negative rating and $10.00 price target on Pure Storage (NYSE: PSTG) following the company's 1Q earnings report. PSTG reported revenue of $140M, ahead of the consensus of $138M, and the guide of $135M-$139M. Also, operating expenses came in slightly lower than expected, which helped the reported EPS loss of $(0.22) to be slightly better than the consensus estimate of $(0.23).

Analyst Mehdi Hosseini... More