Wall Street rises on Fed bets but North Korea mutes gains

Northcoast Research Remains Bullish on J.C. Penney (JCP)

Northcoast Research reiterated a Buy rating and $9.00 price target on J. C. Penney (NYSE: JCP) following the company's 2Q earnings report. JCP stock reacted severely to 2Q17 earnings results. The biggest disappointment came from lower than expected gross margin, driven largely by the closing of... More

J. C. Penney (JCP) PT Lowered to $4 at BMO Capital on 2Q Report; '2Q17 GM Rate Crumbles on Store Closure Inventory Liquidation & Shrinkage'

BMO Capital lowered its price target on J. C. Penney (NYSE: JCP) to $4.00 (from $6.00) while maintaining a Market Perform rating, following the company's second quarter earnings report.

Analyst Wayne Hood notes the company delivered second quarter earnings per share print below consensus projections,... More

Snap Inc (SNAP) PT Lowered to $15 at Cantor Fitzgerald Following 2Q

Cantor Fitzgerald lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $17.00) while maintaining a Neutral rating following the company's 2Q release. Both DAUs and ARPU came in below consensus expectations, causing revenue and EBITDA to miss by 2.4%/5.3% respectively. Cantor updated 2017 EPS estimates to $(2.60) from $(2.20), and... More

J. C. Penney (JCP) PT Lowered to $6 at Cowen; Remains Sidelined

Cowen lowered its price target on J. C. Penney (NYSE: JCP) to $6.00 (from $8.00) while maintaining a Market Perform rating. Larger than expected disruptions from the liquidation sale
caught management off-guard. However, analyst Oliver Chen continues think closing 127 stores at once was the... More

Drexel Hamilton Reiterates Buy Rating & $30 PT on Snap Inc. (SNAP): 'We Are Raising Estimates... We Would be Aggressive Buyers on Weakness'

Drexel Hamilton reiterates Buy rating and $30 price target on Snap Inc (NYSE: SNAP), following the company's second quarter earnings report.

Analyst Brian White comments,
Snap continues to grow at a rapid pace, introduce new innovations and roll-out compelling content; however, the... More

UPDATE: NVIDIA (NVDA) PT Raised to $145 at Deutsche Bank

(Updated - August 11, 2017 9:05 AM EDT)

(update corrects firm name)

Canaccord Genuity raised its price target on NVIDIA (NASDAQ: NVDA) to $145.00 (from $105.00) while maintaining a Hold rating.

Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss

UBS lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $19.00) while maintaining a Neutral rating following the company's 2Q. SNAP reported revenue and adjusted EBITDA missing consensus by $5m and $10m respectively.

UBS cut 3Q revenue estimates to $257m from... More

NVIDIA (NVDA) PT Raised to $185 at Citi; 'Pullback is a Gift'

Citi raised its price target on NVIDIA (NASDAQ: NVDA) to $185.00 (from $180.00) while maintaining a Buy rating following results, saying the 7% pullback is a "gift".

Analyst Atif Malik noted that data center sales of $416M were modestly below Street $423M and the... More