Wall Street hit hard as tech softness continues

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Go back to Wall Street hit hard as tech softness continues

Blue Apron (APRN) IPO Continues to Struggle After Breaking Syndicate

June 30, 2017 9:56 AM EDT

Yesterday's IPO for Blue Apron (NYSE: APRN) sees continued weakness after breaking below the $10 syndicate price. Shares last traded down 4.5% to $9.55.

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Nike (NKE) PT Raised to $64 at UBS Following 4Q EPS Beat

June 30, 2017 7:38 AM EDT

UBS raised its price target on Nike (NYSE: NKE) to $64.00 (from $62.00) while maintaining a Buy rating. Nike beat F4Q EPS estimates with $0.60 compared with the Street's $0.50, on mixed quality.

NKE did the right thing by guiding FY18 revenues below its LT... More

Nike (NKE) PT Raised to $69 at Deutsche Bank; Reiterates Buy

June 30, 2017 6:55 AM EDT

Deutsche Bank raised its price target on Nike (NYSE: NKE) to $69.00 (from $63.00) while maintaining a Buy rating. cFX revenue is forecast to up MSD-HSD and core GPM expansion is trending above plan.

Deutsche Bank's FY18 and FY19 EPS estimates go to $2.37 and $2.76, respectively (from $2.36 & $2.75).

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Rite Aid (RAD) Back-of-the-Envelope Value Seen at $3/Share

June 29, 2017 8:32 AM EDT

Initial back-of-the-envelope valuation on Rite Aid (NYSE: RAD) after today's Walgreen's deal pegs it at $3/share based on $600M EBITDA at a 8x multiple, according to sources.

Shares are currently trading down 22.7% to $3.04.

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