Trading Radar for 8/11: NVIDIA (NVDA), Macy's (M), Himax (HIMX), Nordstrom (JWN), voxeljet (VJET) Report

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RBC Capital Reiterates Outperform on Alibaba (BABA) Following Strong 1Q Results

August 12, 2016 10:20 AM EDT

RBC Capital reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $110.00 (from $105.00), following the company's 1Q earnings report. BABA reported revenues of 32.15B RMB, beating the Street's 30.0B estimate. Non-GAAP EPS of 4.90 RMB also beat the Street at 4.56 RMB.... More

Brean Capital Raises Price Target on Alibaba (BABA) to $115 on Strong 1Q Results

August 12, 2016 9:49 AM EDT

Brean Capital reiterated a Buy rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $100.00), following the company's 1Q earnings report. Revenue came in at RMB 32.2bn, exceeding consensus estimates of RMB 30.1bn. Adjusted EPS came in at $0.74, exceeding consensus of $0.62 on operating leverage from higher core ecommerce revenue.

Analyst Fawne Jiang commented, "BABA reported strong FY1Q17... More

Oppenheimer Adjusts Estimates on Sunrun (RUN); Reiterates Outperform

August 12, 2016 9:45 AM EDT

Oppenheimer reiterated an Outperform rating on Sunrun (NASDAQ: RUN), and raised the price target to $9.00 (from $8.00), following the company's 2Q earnings report. Oppenheimer adjusted revenue and GAAP EPS estimates to $143M and ($0.25), from $130.2M and ($0.34) for the 3Q, versus the consensus estimates of $132M and... More

Oppenheimer Raises price Target on Alibaba (BABA) to $115 Following 1Q

August 12, 2016 9:38 AM EDT

Oppenheimer reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $110.00), following the company's 1Q earnings report.

Analyst Jason Helfstein commented, "Raising price target from $110 to $115 on extraordinary F1Q:17 results, with GMV/ revenue/EBITDA exceeding consensus by... More

UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures

August 12, 2016 9:11 AM EDT

UBS reiterated a Neutral rating on Macy's (NYSE: M), and raised the price target to $40.00 (from $33.00), following the company's 2Q earnings report and announced closures. Macy's reported EPS of $0.54 ahead of the Street's $0.45 estimate. Macy's will close 100 doors near year-end. A ~$1B sales reduction (-4%).... More

UBS Raises Price Target on Kohl's Corp. (KSS) to $44 Following 2Q EPS Beat

August 12, 2016 9:03 AM EDT

UBS reiterated a Neutral rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $44.00 (from $37.00), following the company's 2Q earnings report. KSS reported EPS of $1.22, ahead of the Street's $1.03 estimate.

Analyst Michael Binetti commented, "KSS reported 2Q EPS of $1.22 (UBSe:... More

Oppenheimer Remains Sidelined on Himax Technologies (HIMX) Following Positive 2Q

August 12, 2016 8:57 AM EDT

Oppenheimer reiterated a Perform rating on Himax Technologies (NASDAQ: HIMX) following the company's 2Q earnings report. Total 2Q16 revenues were up 12% Y/Y. Small-/mid-sized driver sales up 9% Y/Y and 14% Q/Q. HIMX reported non-GAAP EPS of $0.12 vs. the Street's $0.10.

Analyst Andrew Uerkwitz... More

Wedbush Raises Price Target on Alibaba (BABA) to $90 Following 1Q

August 12, 2016 8:44 AM EDT

Wedbush reiterated a Neutral rating on Alibaba (NYSE: BABA), and raised the price target to $90.00 (from $80.00), following the company's 1Q earnings report. Revenue grew to $4.84 billion and topped consensus of $4.54 billion. Adjusted EBITDA of $2.1 billion topped consensus of $2.0 billion on better-than-expected revenue.... More

Jefferies Reiterates Buy on Kohl's Corp. (KSS) Following 2Q and Macy's Announced Closures

August 12, 2016 8:38 AM EDT

Jefferies reiterated a Buy rating on Kohl's (NYSE: KSS), and raised the price target to $51.00 (from $47.00), following the company's 2Q earnings report and Macy's closure announcements. Macy's announced plans to close about 100 stores. This could have a positive effect on KSS comp... More

Piper Jaffray Cuts Price Target on Materialise NV (MTLS) Following Mixed 2Q

August 12, 2016 8:31 AM EDT

Piper Jaffray maintained an Overweight rating on Materialise NV (NASDAQ: MTLS), and cut the price target to $8.50 (from $9.00), following the company's 2Q earnings report. Revenues grew 11.4% Y/Y to 27.6M, which was roughly 0.9M below the Street at 28.5M. Pro Forma EPS of (0.01) was in-line with Street expectations.

Analyst Troy Jensen commented,... More

Piper Jaffray Raises Price Target on Brinker International (EAT) to $50 Following 4Q

August 12, 2016 8:08 AM EDT

Piper Jaffray reiterated a Neutral rating on Brinker International (NYSE: EAT), and raised the price target to $50.00 (from $49.00), following the company's 4Q earnings report. Fourth-quarter operating earnings increased 31.2% y/y to $1.24 per share, in-line with the Street's $1.23. Unchanged FY17 estimates of... More

FBR Capital Remains Bullish on Seres Therapeutics (MCRB); Says Sell-Off is 'Overdone'

August 12, 2016 8:01 AM EDT

FBR Capital maintained an Outperform rating on Seres Therapeutics (NASDAQ: MCRB), and cut the price target to $23.00 (from $43.00), following the company's recent sell-off.

Analyst Vernon Bernardino commented, "We look at MCRB as the leader in advancing the microbiome approach to treating chronic... More

Piper Jaffray Raises Price Target on Planet Fitness (PLNT) to $23 Following 2Q Report

August 12, 2016 7:50 AM EDT

Piper Jaffray reiterated an Overweight rating on Planet Fitness (NYSE: PLNT), and raised the price target to $23.00 (from $21.00), following the company's 2Q earnings report. System-wide comparable sales grew 7.6% during the quarter, better than the 5.9% the street was expecting and an increase from 6.8% in Q1.... More

Baird Reiterates Outperform on Itron (ITRI) Following Solid 1Q Report - PT to 47

August 12, 2016 7:10 AM EDT

Baird reiterated an Outperform rating and $47.00 price target on Itron (NASDAQ: ITRI) following the company's 1Q earnings report. ITRI reported revenue of $497.6M vs. consensus estimates of $450.8M. Non-GAAP EPS was $0.44 vs. consensus estimates of $0.32.

Analyst Ben Kallo commented, "Q1 beat our... More

RBC Capital Remains Sidelined on Brinker International (EAT) Following 4Q - PT to $55

August 12, 2016 7:02 AM EDT

RBC Capital reiterated a Sector Perform rating on Brinker International (NYSE: EAT), and raised the price target to $55.00 (from $49.00), following the company's 4Q earnings report. RBC's FY17 EPS estimates remain unchanged at (-3.6% YOY) and is within the company's $3.40 to $3.50 guidance range.

Analyst... More