FBR Capital Cuts Price Target on Express (EXPR) Following 2Q EPS Miss
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UPDATE: UBS Downgrades Express Inc. (EXPR) to Sell
August 25, 2016 6:40 AM EDT(Updated - August 25, 2016 8:23 AM EDT)
UBS downgraded Express Inc. (NYSE: EXPR) from Neutral to Sell with a price target of $10.00 (from $16.00). The change follows the release of Q2 results. Analyst Michael Binetti warned of downside risk in the second half of the... More
Option volume flows
August 25, 2016 5:14 AM EDTStocks and options expected to have increasing volume; HPQ WSM TEVA MYL DG DLTR DIG GES WDAY TLYS MIK BURL TBT TLT
Stocks with increasing call volume on August 24; CHS NMBL NYMX HPQ TIF EXPR INCY LCI LPX BBY OPHT
Stocks with increasing put volume on August 24; PDCE... More
Notable 52-Week Highs and Lows 8/24: (OSUR) (BREW) (NYMX) High; (EXPR) (SEAC) (BAS) Low
August 24, 2016 3:45 PM EDT52-Week High:OraSure Technologies, Inc. (Nasdaq: OSUR) $8.16. OraSure Technologies has been awarded a contract for up to $16.6 million in total funding from the U.S. Department of Health and Human Services (HHS) Office of the Assistant Secretary for Preparedness and Responses Biomedical Advanced Research and Development Authority (BARDA) to advance the... More
Stifel Cuts Price Target on Express (EXPR) to $15 Following 2Q EPS Miss
August 24, 2016 1:54 PM EDTStifel maintained a Buy rating on Express Inc. (NYSE: EXPR), and cut the price target to $15.00 (from $18.00), following the company's 2Q earnings report.
Analyst "Express reported 2Q EPS of $0.13, $0.04 below consensus and $0.02 below the low end of managements guidance. EPS decreased 48% vs.... More
Wedbush Downgrades Express Inc. (EXPR) to Neutral
August 24, 2016 1:52 PM EDTWedbush downgraded Express Inc. (NYSE: EXPR) from Outperform to Neutral.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $16.03 yesterday.
... MoreCL King Downgrades Express Inc. (EXPR) to Neutral
August 24, 2016 1:52 PM EDTCL King downgraded Express Inc. (NYSE: EXPR) from Buy to Neutral.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $16.03 yesterday.
... MoreUnusual 11 Mid-Day Movers 8/24: (NYMX) (URRE) (BREW) Higher; (EXPR) (BSPM) (LZB) Lower
August 24, 2016 12:51 PM EDTNymox Pharmaceutical Corporation (Nasdaq: NYMX) 28.8% HIGHER; announces successful new study results from the long-term blinded placebo crossover group from the U.S. Phase 3 trials for fexapotide, the Company's lead compound in late stage development for enlarged prostate (BPH) and for localized prostate cancer.
Uranium Resources, Inc. (URI) (Nasdaq: URRE) 28.8% HIGHER; announced that it has staked approximately 4,600 acres (1,860 hectares) of placer mining claims covering a prospective target for lithium-enriched brines in the Columbus Salt Marsh area of west-central Nevada.... More
Streetinsider.com's Hot Lunchtime Reads 8/24: (SPLK) (CC) (EXPR) (HLF)
August 24, 2016 12:09 PM EDTThe following is a list of notable articles to help get you through the lunch hour:Splunk (SPLK) August weekly volatility increases into Q2 and outlook ->... More
Deutsche Bank Downgrades Express Inc. (EXPR) to Hold
August 24, 2016 11:20 AM EDTDeutsche Bank earlier downgraded Express Inc. (NYSE: EXPR) from Buy to Hold with a price target of $12.00 (from $19.00). The change follows the release of disappointing Q2 results.
Analyst Paul Trussell commented on the downgrade, saying, "EXPR diverged from the pack in 2Q as the company was unable to take... More
Express Inc's shares tumble as results miss amid apparel cheer
August 24, 2016 10:55 AM EDTBy Subrat Patnaik
(Reuters) - Express Inc (NYSE: EXPR) lost more than a quarter of its market value on Wednesday as its lower-than-expected results belied a recent uptick in apparel sales that has helped most retailers.
Express, which had outperformed many of its peers in a weak apparel market last year, also slashed same-store sales and profit forecasts for the year.
"Earnings were below our guidance, reflecting challenging store traffic," Chief Executive David Kornberg said on a conference call.
Kornberg also cited a "lack of clarity" across... More
Pre-Open Stock Movers 08/24: (URRE) (LCI) (OSUR) Higher; (EXPR) (LZB) (SOL) Lower (more...)
August 24, 2016 9:25 AM EDTToday's Pre-Open Stock Movers
Uranium Resources, Inc. (Nasdaq: URRE) 62.2% HIGHER; announced that it has staked approximately 4,600 acres (1,860 hectares) of placer mining claims covering a prospective target for lithium-enriched brines in the Columbus Salt Marsh area of west-central Nevada. The target area, known as the Nina Project, is situated within a region of known lithium mineralization and is approximately 27 miles (43 kilometers) northwest of the Clayton Valley/Silver Peak lithium brine mine of Albemarle Corporation, the only operating lithium brine recovery... More
Best Buy (BBY) Declares $0.28 Quarterly Dividend; 2.9% Yield
August 24, 2016 8:00 AM EDTBest Buy (NYSE: BBY) declared a quarterly dividend of $0.28 per share, or $1.12 annualized.
The dividend will be payable on October 4, 2016, to stockholders of record on September 13, 2016, with an ex-dividend date of September 9, 2016.
The annual yield on the dividend is 2.9... More
Stifel Notes Rough Qtr. for Express (EXPR) Leading to Cut Outlook; Affirms at 'Buy'
August 24, 2016 8:00 AM EDTStifel affirms Express (NYSE: EXPR) at Buy with a price target of $18 following Q2 results and trimmed outlook issued earlier Wednesday.
Analyst Richard Jaffe commented today:
3Q Assortments Improve But is it Enough to Drive Traffic and Sales? Management believes that the fall assortment is more cohesive across... MoreWall St. falls as healthcare, materials stumble
August 24, 2016 7:43 AM EDTBy Chuck Mikolajczak
NEW YORK (Reuters) - Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months.
Healthcare shares, off 1.6 percent, saw their biggest drop since June 24. They were dragged lower by a 5.4-percent drop in Mylan (NASDAQ: MYL) to $43.15 as political pressure mounted on the company in the wake of price increases for its EpiPen allergy treatment.
Materials were down 1.2 percent as names such as Newmont... More
Express (EXPR) Misses Q2 EPS by 4c: Comps Miss Estimates; Issues Light Q3, FY16 EPS Outlook
August 24, 2016 6:46 AM EDTExpress (NYSE: EXPR) reported Q2 EPS of $0.13, $0.04 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $504.8 million versus the consensus estimate of $520.95 million.
Comparable sales (including e-commerce sales) decreased 8%, compared to a 7% increase in the second... MoreTrading Radar for 8/24: HP, Inc. (HPQ), PVH Corp. (PVH), RBC (RY), Express (EXPR), Guess? (GES), Williams-Sonoma (WSM) Report
August 23, 2016 3:07 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
9:00am EDT
Earnings:
