Fusion-io (NYSE:FIO), American Eagle (NYSE:AEO), Ford (NYSE:F), American Campus Communities (NYSE:ACC), Alcatel-Lucent (NYSE:ALU) and Virgin Media (NASDAQ:VMED) ratings and price targets.
The Benchmark Company initiated coverage on Fusion-io (FIO). They have a "Hold" rating on the firm.
Janney Montgomery Scott upgraded American Eagle (AEO) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the firm.
Guggenheim initiated coverage on Ford (F). They hae a "Neutral" rating on the company.
Morgan Keegan upgraded American Campus Communities (ACC) from a "Market Perform" to an "Outperform."
Natixis downgraded Alcatel-Lucent (ALU) from a "Buy" rating to a "Neutral" rating.
The Royal Bank of Scotland (NYSE:RBS) downgraded Virgin Media (VMED) from a "Buy" rating to a "Hold" rating.
Showing posts with label American Eagle Outfitters. Show all posts
Showing posts with label American Eagle Outfitters. Show all posts
Wednesday, January 4, 2012
Wednesday, August 31, 2011
Transocean (RIG) (AEO) (SNE) (BOBE) (CBRL) (CLMS) Downgraded
Transocean (NYSE: RIG), American Eagle (NYSE: AEO), Sony Co. (NYSE: SNE), Bob Evans Farms, Inc. (NASDAQ: BOBE), Cracker Barrel (NASDAQ: CBRL) and Calamos Asset Management, Inc (NASDAQ: CLMS) downgraded by analysts.
Transocean (RIG) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
American Eagle (AEO) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating. They have a price target of $12.00 on the company.
Sony Co. (SNE) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Bob Evans Farms, Inc. (BOBE) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Cracker Barrel (CBRL) was downgraded by SunTrust from a “Buy” rating to a “Neutral” rating.
Calamos Asset Management, Inc. (CLMS) was downgraded by KBW to a “Market Perform” rating. They have a price target of $14.00 on the company.
Transocean (RIG) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
American Eagle (AEO) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating. They have a price target of $12.00 on the company.
Sony Co. (SNE) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Bob Evans Farms, Inc. (BOBE) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Cracker Barrel (CBRL) was downgraded by SunTrust from a “Buy” rating to a “Neutral” rating.
Calamos Asset Management, Inc. (CLMS) was downgraded by KBW to a “Market Perform” rating. They have a price target of $14.00 on the company.
Friday, August 26, 2011
Synchronoss (SNCR) (AEO) (VVR) (CAE) (RA) (CASY) Upgraded
Synchronoss Technologies, Inc. (NASDAQ: SNCR), American Eagle (NYSE: AEO), Invesco Van Kampen Senior Income Trust (NYSE: VVR), CAE, Inc. (NYSE: CAE), RailAmerica, Inc. (NYSE: RA) and Casey’s General (NASDAQ: CASY) upgraded by analysts.
Synchronoss Technologies, Inc. (SNCR) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $36.00 on the company.
American Eagle (AEO) was upgraded by Lazard Capital from a “Sell” rating to a “Neutral” rating.
Invesco Van Kampen Senior Income Trust (VVR) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating.
CAE, Inc. (CAE) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
RailAmerica, Inc. (RA) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $15.00 on the company.
Casey’s General (CASY) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $49.00 on the company.
Synchronoss Technologies, Inc. (SNCR) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $36.00 on the company.
American Eagle (AEO) was upgraded by Lazard Capital from a “Sell” rating to a “Neutral” rating.
Invesco Van Kampen Senior Income Trust (VVR) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating.
CAE, Inc. (CAE) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
RailAmerica, Inc. (RA) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $15.00 on the company.
Casey’s General (CASY) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating. They have a price target of $49.00 on the company.
Toll (TOL) (AEO) (NAV) (AMAT) (THC) (DAN) Price Targets Changed
Toll Brothers, Inc. (NYSE: TOL), American Eagle (NYSE: AEO), Navistar (NYSE: NAV), Applied Materials, Inc. (NASDAQ: AMAT), Tenet Healthcare Co. (NYSE: THC) and Dana Holding Co. (NYSE: DAN) had price targets adjusted by analysts.
Toll Brothers, Inc. (TOL) had its price target lowered by RBC Capital from $23.00 to $17.00. They have a “Sector Perform” rating on the company.
American Eagle (AEO) had its price target lowered by Barclays Capital from $12.00 to $11.00. They have an “Equal Weight” rating on the company.
Navistar (NAV) had its price target lowered by Deutsche Bank (NYSE:DB) from $80.00 to $62.50. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by Barclays Capital from $16.00 to $15.00. They have an “Overweight” rating on the company.
Tenet Healthcare Co. (THC) had its price target lowered by Ticonderoga from $8.00 to $6.00. They have a “Buy” rating on the company.
Dana Holding Co. (DAN) had its price target lowered by Deutsche Bank from $22.00 to $20.50. They have a “Buy” rating on the company.
Toll Brothers, Inc. (TOL) had its price target lowered by RBC Capital from $23.00 to $17.00. They have a “Sector Perform” rating on the company.
American Eagle (AEO) had its price target lowered by Barclays Capital from $12.00 to $11.00. They have an “Equal Weight” rating on the company.
Navistar (NAV) had its price target lowered by Deutsche Bank (NYSE:DB) from $80.00 to $62.50. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by Barclays Capital from $16.00 to $15.00. They have an “Overweight” rating on the company.
Tenet Healthcare Co. (THC) had its price target lowered by Ticonderoga from $8.00 to $6.00. They have a “Buy” rating on the company.
Dana Holding Co. (DAN) had its price target lowered by Deutsche Bank from $22.00 to $20.50. They have a “Buy” rating on the company.
Aviat (AVNW) (UHS) (AEO) (VHS) (AMAT) (UTHR) Price Targets Changed
Aviat Networks, Inc. (NASDAQ: AVNW), Universal Health Services (NYSE: UHS), American Eagle (NYSE: AEO), Vanguard Health Systems (NYSE: VHS), Applied Materials, Inc. (NASDAQ: AMAT) and United Therapeutics (NASDAQ: UTHR) had price targets adjusted by analysts.
American Eagle (AEO) had its price target lowered by Oppenheimer from $19.00 to $14.00. They have an “Outperform” rating on the company.
Vanguard Health Systems (VHS) had its price target lowered by Ticonderoga from $21.00 to $17.00. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by Needham & Company from $16.00 to $13.00. They have a “Buy” rating on the company.
United Therapeutics (UTHR) had its price target lowered by Oppenheimer from $77.00 to $53.00. They have an “Outperform” rating on the company.
Aviat Networks, Inc. (AVNW) had its price target lowered by Needham & Company from $5.50 to $4.50. They have a “Buy” rating on the company.
Universal Health Services (UHS) had its price target lowered by Ticonderoga from $63.00 to $46.00. They have a “Buy” rating on the company.
American Eagle (AEO) had its price target lowered by Oppenheimer from $19.00 to $14.00. They have an “Outperform” rating on the company.
Vanguard Health Systems (VHS) had its price target lowered by Ticonderoga from $21.00 to $17.00. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by Needham & Company from $16.00 to $13.00. They have a “Buy” rating on the company.
United Therapeutics (UTHR) had its price target lowered by Oppenheimer from $77.00 to $53.00. They have an “Outperform” rating on the company.
Aviat Networks, Inc. (AVNW) had its price target lowered by Needham & Company from $5.50 to $4.50. They have a “Buy” rating on the company.
Universal Health Services (UHS) had its price target lowered by Ticonderoga from $63.00 to $46.00. They have a “Buy” rating on the company.
Toll (TOL) (AEO) (UTHR) (AMAT) (SNI) (CVI) (GSM) (PRU) EPS Estimates Changed
Toll Brothers, Inc. (NYSE: TOL), American Eagle (NYSE: AEO), United Therapeutics (NASDAQ: UTHR), Applied Materials, Inc. (NASDAQ: AMAT), Scripps Networks Interactive, Inc. (NYSE: SNI), CVR Energy, Inc. (NYSE: CVI), Globe Specialty Metals, Inc. (NYSE: GSM) and Prudential Financial, Inc. (NYSE: PRU) EPS estimates adjusted by analysts.
Citigroup (NYSE:C) lowered its EPS estimates on Toll Brothers, Inc. (TOL). They have a “Hold” rating and a price target of $23.00 on the company.
Goldman Sachs (NYSE:GS) lowered its EPS estimates on American Eagle (AEO). They have a “Buy” rating and a price target of $17.00 on the company.
Goldman Sachs lowered its EPS estimates on United Therapeutics (UTHR). They have a “Buy” rating and a price target of $52.00 on the company.
Goldman Sachs lowered its EPS estimates on Applied Materials, Inc. (AMAT). They have a “Neutral” rating and a price target of $10.50 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on Scripps Networks Interactive, Inc. (SNI). They have a “Neutral” rating and a price target of $44.00 on the company.
Credit Suisse (NYSE:CS) boosted its EPS estimates on CVR Energy, Inc. (CVI). They have an “Outperform” rating and a price target of $38.00 on the company.
Credit Suisse lowered its EPS estimates on Globe Specialty Metals, Inc. (GSM). They have an “Outperform” rating and a price target of $22.00 on the company.
Morgan Stanley (NYSE:MS) lowered its EPS estimates on Prudential Financial, Inc. (PRU). They have an “Overweight” rating and a price target of $67.00 on the company.
Citigroup (NYSE:C) lowered its EPS estimates on Toll Brothers, Inc. (TOL). They have a “Hold” rating and a price target of $23.00 on the company.
Goldman Sachs (NYSE:GS) lowered its EPS estimates on American Eagle (AEO). They have a “Buy” rating and a price target of $17.00 on the company.
Goldman Sachs lowered its EPS estimates on United Therapeutics (UTHR). They have a “Buy” rating and a price target of $52.00 on the company.
Goldman Sachs lowered its EPS estimates on Applied Materials, Inc. (AMAT). They have a “Neutral” rating and a price target of $10.50 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on Scripps Networks Interactive, Inc. (SNI). They have a “Neutral” rating and a price target of $44.00 on the company.
Credit Suisse (NYSE:CS) boosted its EPS estimates on CVR Energy, Inc. (CVI). They have an “Outperform” rating and a price target of $38.00 on the company.
Credit Suisse lowered its EPS estimates on Globe Specialty Metals, Inc. (GSM). They have an “Outperform” rating and a price target of $22.00 on the company.
Morgan Stanley (NYSE:MS) lowered its EPS estimates on Prudential Financial, Inc. (PRU). They have an “Overweight” rating and a price target of $67.00 on the company.
Thursday, August 25, 2011
Apple (AAPL) (WFC) (TOL) (AEO) (MU) (ORCL) Price Targets Changed
Apple (AAPL), Wells Fargo (WFC), Toll Brothers (TOL), American Eagle (AEO), Micron Technology (MU) and Oracle (ORCL) price targets adjusted by analysts.
Wells Fargo (WFC) had its price target lowered by Guggenheim. They have a price target $32. They have a "Buy" rating on the company.
Apple (AAPL) had its price target lowered by BMO to $445. They have an "Outperform" rating on the company.
Toll Brothers (TOL) had its estimates cut by Citigroup (NYSE:C) through 2012. They have a "Hold" rating and price target of $23 on the company.
American Eagle (AEO) had its price target reduced by Goldman Sachs (NYSE:GS) to $17. They have a "Buy" rating on the company.
Micron Technology (MU) had its price target cut by Sterne Agee to $14. They have a "Buy" rating on the company.
Oracle (ORCL) had its price target lowered by Morgan Stanley (NYSE:MS) to $36. They have an "Overweight" rating on the company.
Wells Fargo (WFC) had its price target lowered by Guggenheim. They have a price target $32. They have a "Buy" rating on the company.
Apple (AAPL) had its price target lowered by BMO to $445. They have an "Outperform" rating on the company.
Toll Brothers (TOL) had its estimates cut by Citigroup (NYSE:C) through 2012. They have a "Hold" rating and price target of $23 on the company.
American Eagle (AEO) had its price target reduced by Goldman Sachs (NYSE:GS) to $17. They have a "Buy" rating on the company.
Micron Technology (MU) had its price target cut by Sterne Agee to $14. They have a "Buy" rating on the company.
Oracle (ORCL) had its price target lowered by Morgan Stanley (NYSE:MS) to $36. They have an "Overweight" rating on the company.
Monday, July 11, 2011
Apple (AAPL) (AEO) (CI) (JDSU) (MS) Have Price Targets Adjusted by Analysts
Apple, Inc (NASDAQ: AAPL), American Eagle (NYSE: AEO), CIGNA Co. (NYSE: CI), JDS Uniphase Co. (NASDAQ: JDSU) and Morgan Stanley (NYSE: MS) have price targets changed by analysts.
Canaccord Genuity raised their price target on Apple, Inc (AAPL) from $485.00 to $500.00. They have a “buy” rating on the company.
Piper Jaffray (NYSE:PJC) cut their price target on American Eagle (AEO) to $14.00.
Jefferies (NYSE:JEF) raised their price target on CIGNA Co. (CI) to $64.00. They have a “buy” rating on the company.
Piper Jaffray cut their price target on JDS Uniphase Co. (JDSU) to $21.00. They have an “overweight” rating on the company.
Ticonderoga cut their price target on Morgan Stanley (MS) from $31.00 to $26.00. They have a “buy” rating on the company.
Apple closed Friday at $359.71, gaining $2.51, or 0.70 percent. American Eagle Outfitters closed at $13.88, falling $0.07, or 0.50 percent. CIGNA closed at $51.85, dropping $0.01, or 0.02 percent. JDS Uniphase closed at $15.94, down $0.76, or 4.55 percent. Morgan Stanley ended the day at $22.30, losing $0.70, or 3.04 percent.
Canaccord Genuity raised their price target on Apple, Inc (AAPL) from $485.00 to $500.00. They have a “buy” rating on the company.
Piper Jaffray (NYSE:PJC) cut their price target on American Eagle (AEO) to $14.00.
Jefferies (NYSE:JEF) raised their price target on CIGNA Co. (CI) to $64.00. They have a “buy” rating on the company.
Piper Jaffray cut their price target on JDS Uniphase Co. (JDSU) to $21.00. They have an “overweight” rating on the company.
Ticonderoga cut their price target on Morgan Stanley (MS) from $31.00 to $26.00. They have a “buy” rating on the company.
Apple closed Friday at $359.71, gaining $2.51, or 0.70 percent. American Eagle Outfitters closed at $13.88, falling $0.07, or 0.50 percent. CIGNA closed at $51.85, dropping $0.01, or 0.02 percent. JDS Uniphase closed at $15.94, down $0.76, or 4.55 percent. Morgan Stanley ended the day at $22.30, losing $0.70, or 3.04 percent.
Wednesday, May 18, 2011
Ratings on (AEO) (CHH) (CSCO) (GS) (IL) Downgraded
Ratings on shares of American Eagle (NYSE: AEO), Choice Hotels (NYSE: CHH), Cisco Systems, Inc. (NASDAQ: CSCO), Goldman Sachs (NYSE: GS) and IntraLinks Holdings, Inc. (NYSE: IL) downgraded by analysts.
Jefferies (NYSE:JEF) downgraded American Eagle (AEO) from a “buy” rating to a “hold” rating. They have a price target of $15.00 on the company.
Argus downgraded Choice Hotels (CHH) from a “buy” rating to a “hold” rating.
Canaccord Genuity downgraded Cisco Systems, Inc. (CSCO) from a “buy” rating to a “hold” rating. They have a price target of $20.00 on the company, down from $24.00.
Rochdale Securities downgraded Goldman Sachs (GS) from a “neutral” rating to a “sell” rating.
Craig Hallum downgraded IntraLinks Holdings, Inc. (IL) from a “buy” rating to an “accumulate” rating.
Jefferies (NYSE:JEF) downgraded American Eagle (AEO) from a “buy” rating to a “hold” rating. They have a price target of $15.00 on the company.
Argus downgraded Choice Hotels (CHH) from a “buy” rating to a “hold” rating.
Canaccord Genuity downgraded Cisco Systems, Inc. (CSCO) from a “buy” rating to a “hold” rating. They have a price target of $20.00 on the company, down from $24.00.
Rochdale Securities downgraded Goldman Sachs (GS) from a “neutral” rating to a “sell” rating.
Craig Hallum downgraded IntraLinks Holdings, Inc. (IL) from a “buy” rating to an “accumulate” rating.
Monday, May 16, 2011
Ratings on (AAV) (ACN) (AEO) (AMR) (ASCA) Upgraded
Ratings on Advantage Oil & Gas Ltd. (NYSE: AAV), Accenture Plc (NYSE: ACN), American Eagle (NYSE: AEO), AMR Co. (NYSE: AMR) and Ameristar Casinos (NASDAQ: ASCA) were upgraded by analysts.
TD Newcrest upgraded Advantage Oil & Gas Ltd. (AAV) from a “hold” rating to a “buy” rating.
UBS AG (NYSE:UBS) upgraded Accenture Plc (ACN) from a “neutral” rating to a “buy” rating. They have a price target of $63.00 on the company, up from $54.00.
Susquehanna upgraded American Eagle (AEO) from a “neutral” rating to a “positive” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded AMR Co. (AMR) from a “neutral” rating to an “overweight” rating.
Jefferies (NYSE:JEF) upgraded Ameristar Casinos (ASCA) from a “hold” rating to a “buy” rating.
TD Newcrest upgraded Advantage Oil & Gas Ltd. (AAV) from a “hold” rating to a “buy” rating.
UBS AG (NYSE:UBS) upgraded Accenture Plc (ACN) from a “neutral” rating to a “buy” rating. They have a price target of $63.00 on the company, up from $54.00.
Susquehanna upgraded American Eagle (AEO) from a “neutral” rating to a “positive” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded AMR Co. (AMR) from a “neutral” rating to an “overweight” rating.
Jefferies (NYSE:JEF) upgraded Ameristar Casinos (ASCA) from a “hold” rating to a “buy” rating.
Wednesday, May 11, 2011
Ratings on (AEIS) (AEO) (CAVM) (DF) (DIS) Reiterated
Ratings on Advanced Energy Industries, Inc. (NASDAQ: AEIS), American Eagle (NYSE: AEO), Cavium Networks, Inc. (NASDAQ: CAVM), Dean Foods Co (NYSE: DF) and Walt Disney (NYSE: DIS) were reiterated by analysts.
Bank of America (NYSE:BAC) reiterated a “buy” rating on Advanced Energy Industries, Inc. (AEIS). They have a price target of $19.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on American Eagle (AEO). They have a price target of $19.00 on the company.
Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Cavium Networks, Inc. (CAVM).
Deutsche Bank reiterated a “hold” rating on Dean Foods Co (DF). They have a price target of $12.00 on the company.
Deutsche Bank reiterated a “buy” rating on Walt Disney (DIS). They now have a price target of $53.00 on the company.
Bank of America (NYSE:BAC) reiterated a “buy” rating on Advanced Energy Industries, Inc. (AEIS). They have a price target of $19.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on American Eagle (AEO). They have a price target of $19.00 on the company.
Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Cavium Networks, Inc. (CAVM).
Deutsche Bank reiterated a “hold” rating on Dean Foods Co (DF). They have a price target of $12.00 on the company.
Deutsche Bank reiterated a “buy” rating on Walt Disney (DIS). They now have a price target of $53.00 on the company.
Tuesday, May 10, 2011
Ratings on (ADM) (AEO) (BASFY) (BID) (DIOD) Downgraded
Ratings on Archer Daniels Midland Company (NYSE: ADM), American Eagle (NYSE: AEO), BASF SE (NASDAQ: BASFY), Sotheby’s (NYSE: BID) and Diodes (NASDAQ: DIOD) downgraded by analysts.
Bank of America (NYSE:BAC) downgraded Archer Daniels Midland Company (ADM) from a “buy” rating to an “underperform” rating. They have a price target of $32.00 on the company.
Janney Montgomery Scott downgraded American Eagle (AEO) from a “buy” rating to a “neutral” rating. They have a price target $15.00 price target on the company.
ING Group downgraded BASF SE (BASFY) from a “buy” rating to a “hold” rating.
Craig Hallum downgraded Sotheby’s (BID) from a “buy” rating to an “accumulate” rating. They have a price target of $50.00 on the company.
BMO Capital Markets downgraded Diodes (DIOD) from an “outperform” rating to a “market perform” rating. They have a price target of $34.00 on the company.
Bank of America (NYSE:BAC) downgraded Archer Daniels Midland Company (ADM) from a “buy” rating to an “underperform” rating. They have a price target of $32.00 on the company.
Janney Montgomery Scott downgraded American Eagle (AEO) from a “buy” rating to a “neutral” rating. They have a price target $15.00 price target on the company.
ING Group downgraded BASF SE (BASFY) from a “buy” rating to a “hold” rating.
Craig Hallum downgraded Sotheby’s (BID) from a “buy” rating to an “accumulate” rating. They have a price target of $50.00 on the company.
BMO Capital Markets downgraded Diodes (DIOD) from an “outperform” rating to a “market perform” rating. They have a price target of $34.00 on the company.
Monday, March 7, 2011
Arena Pharma (ARNA), SunTech Power (STP), DryShips (DRYS), Molycorp (MCP) Reporting This Week
A diverse set of companies will be closing down the earnings season, as Arena Pharma (ARNA), SunTech Power (STP), DryShips (DRYS) and Molycorp (MCP) will post results this week.
This will be against the backdrop of uncertainty concerning oil prices, which will be watched closely as to how it will impact the overall economy and market.
There will be a number of retailers finishing off the earnings season as well, with Aeropostale (ARO), American Eagle Outfitters (AEO), AnnTaylor (ANN) and Urban Outfitters (URBN), among others, set to report.
Molycorp closed Friday at $49.26, down $0.57, or 1.14 percent. They've been a beneficiary of the decision by the Chinese that they were going to cut back on rare earths exports.
Dryships closed at $5.04, level with the close of the session before. Suntech Power closed Friday at $9.43, losing $0.06, or 0.63 percent. Arena Phama dropped to $1.58, falling $0.03, or 1.86 percent.
This will be against the backdrop of uncertainty concerning oil prices, which will be watched closely as to how it will impact the overall economy and market.
There will be a number of retailers finishing off the earnings season as well, with Aeropostale (ARO), American Eagle Outfitters (AEO), AnnTaylor (ANN) and Urban Outfitters (URBN), among others, set to report.
Molycorp closed Friday at $49.26, down $0.57, or 1.14 percent. They've been a beneficiary of the decision by the Chinese that they were going to cut back on rare earths exports.
Dryships closed at $5.04, level with the close of the session before. Suntech Power closed Friday at $9.43, losing $0.06, or 0.63 percent. Arena Phama dropped to $1.58, falling $0.03, or 1.86 percent.
Thursday, March 3, 2011
Goldman Sachs (GS) Sees (OMX), (ANF), (AEO), (RSH), (ANN), (GPS), (SWY) in LBO Deals
The retail sector could be about to explode in LBO deals, according to Goldman Sachs (NYSE:GS), which sees the probability of LBO's for Safeway (NYSE:SWY), The Children's Place Retail Stores (NASDAQ:PLCE), OfficeMax (NYSE:OMX), Ross Stores (Nasdaq:ROST), Abercrombie & Fitch (NYSE:ANF), American Eagle Outfitters, (NYSE:AEO), Aeropostale (NYSE:ARO), RadioShack (NYSE:RSH), AnnTaylor Stores (NYSE), Dollar Tree (DLTR) and Gap (NYSE:GPS).
American Eagle Outfitters (NYSE:AEO) got a nice bump up on Wednesday on LBO rumors, so we'll probably start to see a lot of trading in the sector as rumors escalate, with a number of them probably being true, as pointed out by Goldman.
These are just some of the probabilities in the retail sector, which could consolidate even more.
Goldman determines that about $9 billion could be spent on U.S. retail LBOs. Of a universe of over 120 public companies, that equates to close to 8 percent of the overall aggregate enterprise value. That's how they came up with the 11 companies listed above, as far as the number of companies which are likely to be part of an LBO.
Goldman sees a 15 percent to 30 percent chance of a leveraged buy out for the companies listed above.
American Eagle Outfitters (NYSE:AEO) got a nice bump up on Wednesday on LBO rumors, so we'll probably start to see a lot of trading in the sector as rumors escalate, with a number of them probably being true, as pointed out by Goldman.
These are just some of the probabilities in the retail sector, which could consolidate even more.
Goldman determines that about $9 billion could be spent on U.S. retail LBOs. Of a universe of over 120 public companies, that equates to close to 8 percent of the overall aggregate enterprise value. That's how they came up with the 11 companies listed above, as far as the number of companies which are likely to be part of an LBO.
Goldman sees a 15 percent to 30 percent chance of a leveraged buy out for the companies listed above.
Wednesday, February 2, 2011
Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), American Eagle (NYSE:AEO) Stopping Monthly Reporting
Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF) and American Eagle (NYSE:AEO) announced they will no longer be reporting on a monthly basis, citing the focus centering on short-term results rather than long-term.
They specifically noted that they won't be reporting on sales and same-store sales for stores opened longer than a year.
A number of analysts said the fact that the three retailers are taking these steps at the same time will make it easier to follow them.
This is a good move, as the additional noise from the reports tends to cause the share price of companies to fluctuate in the near term, especially for companies that have been around for some time.
Aeropostale was trading at $23.68, down $0.31, or 1.29 percent, as of 12:08 PM EST. Abercrombie & Fitch was at $49.48, falling $1.25, or 2.46 percent. American Eagle was trading at $14.49, dropping $0.18, or 1.23 percent.
They specifically noted that they won't be reporting on sales and same-store sales for stores opened longer than a year.
A number of analysts said the fact that the three retailers are taking these steps at the same time will make it easier to follow them.
This is a good move, as the additional noise from the reports tends to cause the share price of companies to fluctuate in the near term, especially for companies that have been around for some time.
Aeropostale was trading at $23.68, down $0.31, or 1.29 percent, as of 12:08 PM EST. Abercrombie & Fitch was at $49.48, falling $1.25, or 2.46 percent. American Eagle was trading at $14.49, dropping $0.18, or 1.23 percent.
Tuesday, January 11, 2011
99 Cents Only (NYSE:NDN), Aeropostale (NYSE:ARO), American Eagle (NYSE:AEO) Named Top LBO Candidates for 2011 by Deutsche (NYSE:DB)
Deutsche Bank (NYSE:DB) released an interesting list of takeover candidates for 2011 in the U.S retail sector, using a metric of those which would probably generate 20 percent premium or more, with their top possibilities being 99 Cents Only (NYSE:NDN), Aeropostale (NYSE:ARO) and American Eagle (NYSE:AEO).
Other big names they consider leading candidates, although not as probable as the three above, were Macy's (NYSE: M), Saks (NYSE:SKS), RadioShack (NYSE:RSH), The Buckle (NYSE:BKE), Best Buy (NYSE:BBY), AnnTaylor (NYSE:ANN), Big Lots (NYSE:BIG) and Gap (NYSE:GPS)
99 Cents Only closed at $15.65 Monday, gaining $0.08, or 0.51 percent. Aeropostale closed at $25.21, up $0.38, or 1.53 percent. American Eagle ended the session at $14.37, down $0.09, or 0.62 percent.
Other big names they consider leading candidates, although not as probable as the three above, were Macy's (NYSE: M), Saks (NYSE:SKS), RadioShack (NYSE:RSH), The Buckle (NYSE:BKE), Best Buy (NYSE:BBY), AnnTaylor (NYSE:ANN), Big Lots (NYSE:BIG) and Gap (NYSE:GPS)
99 Cents Only closed at $15.65 Monday, gaining $0.08, or 0.51 percent. Aeropostale closed at $25.21, up $0.38, or 1.53 percent. American Eagle ended the session at $14.37, down $0.09, or 0.62 percent.
Monday, January 10, 2011
American Eagle Outfitters (NYSE:AEO) Sales Plummet 6 Percent in December
American Eagle Outfitters (NYSE:AEO), along with many retailers, has a disastrous December, falling in sales by 6 percent.
Susquehanna said that American Eagle "lacked color this holiday and the assortment was not highly giftable."
They lowered their prior full year 2011 EPS estimate of $0.16 to $0.10.Their 1Q11-4Q11 estimates are $0.16/$0.12/$0.33/$0.49. They also launched a full year 2012 EPS estimate of $1.39.
Susquehanna is reiterates their Neutral rating on American Eagle Outfitters, which closed Friday at $14.46, down $0.59, or 3.92 percent.
Susquehanna said that American Eagle "lacked color this holiday and the assortment was not highly giftable."
They lowered their prior full year 2011 EPS estimate of $0.16 to $0.10.Their 1Q11-4Q11 estimates are $0.16/$0.12/$0.33/$0.49. They also launched a full year 2012 EPS estimate of $1.39.
Susquehanna is reiterates their Neutral rating on American Eagle Outfitters, which closed Friday at $14.46, down $0.59, or 3.92 percent.
Thursday, January 6, 2011
American Eagle Outfitters (NYSE:AEO) Has Limited Downside Says FBR
Even though FBR Capital is lowering their numbers on American Eagle Outfitters (NYSE:AEO) after a weak Christmas season and their apparent inability to string together solid results for more than one quarter, they still see the company as having limited downside going forward.
FBR said, "We were feeling a little more constructive on AEO heading into December, but the case we were building for liking fell down today. The problem with AEO, in our view, is the inconsistency. The company cannot seem to string together a solid performance for more than a few months at a time. Still, with AEO's more than $3 per share in cash on the balance sheet and a still decent brand, we believe the stock has limited downside from here.
"We are lowering our 4Q EPS estimate to $0.41 from $0.46. Our CY10 EPS estimate is now $0.99 versus the previous estimate of $1.04. We are also revising our CY11 EPS estimate to $1.08 from $1.14...We are lowering our 4Q sales estimate to $913.9 million from $968 million. We are lowering our CY10 sales estimate to $2,965.3 million from $3,019.9 million and our CY11 sales estimate to $2,984.5 million from $3,039.8 million."
FBR Capital maintains a "Market Perform" on American Eagle Outfitters, which was trading at $15.07, up $0.60, or 4.15 percent, as of 1:06 PM EST. FBR has a price target of $17 on them.
FBR said, "We were feeling a little more constructive on AEO heading into December, but the case we were building for liking fell down today. The problem with AEO, in our view, is the inconsistency. The company cannot seem to string together a solid performance for more than a few months at a time. Still, with AEO's more than $3 per share in cash on the balance sheet and a still decent brand, we believe the stock has limited downside from here.
"We are lowering our 4Q EPS estimate to $0.41 from $0.46. Our CY10 EPS estimate is now $0.99 versus the previous estimate of $1.04. We are also revising our CY11 EPS estimate to $1.08 from $1.14...We are lowering our 4Q sales estimate to $913.9 million from $968 million. We are lowering our CY10 sales estimate to $2,965.3 million from $3,019.9 million and our CY11 sales estimate to $2,984.5 million from $3,039.8 million."
FBR Capital maintains a "Market Perform" on American Eagle Outfitters, which was trading at $15.07, up $0.60, or 4.15 percent, as of 1:06 PM EST. FBR has a price target of $17 on them.
Tuesday, December 21, 2010
A&F (NYSE:ANF), American Eagle (NYSE:AEO), Ann Taylor (NYSE:ANN), Coldwater Creek (Nasdaq:CWTR) Ending Christmas with Discounts
A&F (NYSE:ANF), American Eagle (NYSE:AEO), Ann Taylor (NYSE:ANN) and Coldwater Creek (Nasdaq:CWTR) are all ending the Christmas sales season with numerous promotions.
It appears the overall season was a success from a sales point of view, but margins and earnings should be pressed hard when the numbers eventually come out.
FBR said, "According to the International Council of Shopping Centers, sales last week increased 1.7% over the prior week. ICSC also raised its holiday forecast by half a point on December 17 to 3.5%–4% from 3%–3.5%. According to comScore, holiday season retail e-commerce spending for the first 47 days of the November–December 2010 holiday season reached $27.46 billion, marking a 12% increase over last year. The most recent week, the week ending December 17, reached $5.15 billion in spending, an increase of 14% versus last year."
"A&F and Hollister increased promotions this weekend with 30% off the entire store, an increase over last year’s promotion. The merchandise selection and pricing are attracting customers inclined to shop at American Eagle Outfitters and Aéropostale. We continue to believe promotional tactics will be more effective in driving comp in the month of December. Management plans to delay setting its spring transitional set until January week 1 versus December week 5 last year to focus on after Christmas clearance."
"American Eagle Outfitters offered the same buy one, get one as last week and 20% off the entire store. The company expanded the prior week’s bogo to 50% off all tops promotion. The prior week’s bogo promotion included just sweaters and hoodies. Item-specific discounting appeared more prevalent, as well."
Ann Taylor driving last-minute purchases. Ann Taylor increased its offering to 40% off full-price purchases, an increase over the prior week’s 30% off full-price purchases. LOFT has been offering blanket discounts of 30%–40% off for most of the holiday season. Last week, LOFT offered 40% off entire purchases. ANN’s customer, at both divisions, shops mostly for herself and is mostly driven by holiday party occasions. Thus, we believe the shopping patterns peak earlier in the month for ANN’s divisions."
"Coldwater Creek offered 25% off in-store purchases and a free watch. It appears that the company is attempting to clear out excess inventory by offering 40% off online purchases. The company offered 30% off purchases last year and a free gift. The promotions in stores are a little misleading, given that the company uses the direct business to clear its excesses."
American Eagle was trading at $14.85, up $0.09, or 0.58 percent, as of 11:47 AM EST. Abercrombie & Fitch was trading at $57.48, up $0.49, or 0.86 percent. Ann Taylor dropped to $27.42, down $0.61m, or 2.18 percent. Coldwater Creek fell to $2.90, losing $0.03, or 1.02 percent.
It appears the overall season was a success from a sales point of view, but margins and earnings should be pressed hard when the numbers eventually come out.
FBR said, "According to the International Council of Shopping Centers, sales last week increased 1.7% over the prior week. ICSC also raised its holiday forecast by half a point on December 17 to 3.5%–4% from 3%–3.5%. According to comScore, holiday season retail e-commerce spending for the first 47 days of the November–December 2010 holiday season reached $27.46 billion, marking a 12% increase over last year. The most recent week, the week ending December 17, reached $5.15 billion in spending, an increase of 14% versus last year."
"A&F and Hollister increased promotions this weekend with 30% off the entire store, an increase over last year’s promotion. The merchandise selection and pricing are attracting customers inclined to shop at American Eagle Outfitters and Aéropostale. We continue to believe promotional tactics will be more effective in driving comp in the month of December. Management plans to delay setting its spring transitional set until January week 1 versus December week 5 last year to focus on after Christmas clearance."
"American Eagle Outfitters offered the same buy one, get one as last week and 20% off the entire store. The company expanded the prior week’s bogo to 50% off all tops promotion. The prior week’s bogo promotion included just sweaters and hoodies. Item-specific discounting appeared more prevalent, as well."
Ann Taylor driving last-minute purchases. Ann Taylor increased its offering to 40% off full-price purchases, an increase over the prior week’s 30% off full-price purchases. LOFT has been offering blanket discounts of 30%–40% off for most of the holiday season. Last week, LOFT offered 40% off entire purchases. ANN’s customer, at both divisions, shops mostly for herself and is mostly driven by holiday party occasions. Thus, we believe the shopping patterns peak earlier in the month for ANN’s divisions."
"Coldwater Creek offered 25% off in-store purchases and a free watch. It appears that the company is attempting to clear out excess inventory by offering 40% off online purchases. The company offered 30% off purchases last year and a free gift. The promotions in stores are a little misleading, given that the company uses the direct business to clear its excesses."
American Eagle was trading at $14.85, up $0.09, or 0.58 percent, as of 11:47 AM EST. Abercrombie & Fitch was trading at $57.48, up $0.49, or 0.86 percent. Ann Taylor dropped to $27.42, down $0.61m, or 2.18 percent. Coldwater Creek fell to $2.90, losing $0.03, or 1.02 percent.
Wednesday, December 15, 2010
FBR Talks Abercrombie (NYSE:ANF), American Eagle (NYSE:AEO), Chico’s (NYSE:CHS), Coldwater Creek (Nasdaq:CWTR), Macy’s (NYSE:M), Kohl's (NYSE:KSS), JCPenney (NYSE:JCP), Nordstrom (NYSE:JWN)
FBR Capital gave its outlook on the Consumer/Specialty Retail sector for the Christmas season, highlighting a mixed bag of stores, including Abercrombie (NYSE:ANF), American Eagle (NYSE:AEO), Chico’s (NYSE:CHS), Coldwater Creek (Nasdaq:CWTR), Macy’s (NYSE:M), Kohl's (NYSE:KSS), JCPenney (NYSE:JCP) and Nordstrom (NYSE:JWN).
FBR said, "According to the International Council of Shopping Centers, sales last week accelerated 3.1% over last year. This is a 0.8% gain over the prior week. According to comScore, holiday season retail e-commerce spending for the first 40 days of the November–December 2010 holiday season reached $21.95 billion, marking a 12% increase over last year. The most recent week, the week ending December 10, reached $5.15 billion in spending, an increase of 11% versus last year."
"We saw a modest pickup in discounting this weekend. Traffic in the malls that we visited was okay, not tremendous. We continue to expect a bookended holiday season, with strength at the beginning and the end...There appears to be a very big difference between the high end and low end in terms of traffic and bags. The low end is remaining austere this year. The high end is shopping and buying more for themselves while buying gifts...Teen stocks - Abercrombie and American Eagle discounts were pretty consistent with last weekend....Women’s: Chico’s and Coldwater Creek were under pressure after the Talbot’s news last week...Macy’s looks phenomenal still...Traffic continues to be strong at Kohl's; seems to be decent at JCPenney, too...Nordstrom business appears to have picked up."
Abercrombie closed Tuesday at $55.14, up $0.45, or 0.82 percent. American Eagle closed at $15.12, down $0.25, or 1.63 percent. Chico’s ended at $11.85, down $0.02, or 0.19 percent. Coldwater Creek closed at $2.74, down $0.02, or 0.72 percent. Macy's was at $25.18, up $0.23, or 0.92 percent. Kohl's ended the day at $53.58, up $0.18, or 0.34 percent. JCPenney closed at $32.47, down $0.36, or 1.10 percent. Nordstrom closed at $41.77, up $0.11, or 0.25 percent.
FBR said, "According to the International Council of Shopping Centers, sales last week accelerated 3.1% over last year. This is a 0.8% gain over the prior week. According to comScore, holiday season retail e-commerce spending for the first 40 days of the November–December 2010 holiday season reached $21.95 billion, marking a 12% increase over last year. The most recent week, the week ending December 10, reached $5.15 billion in spending, an increase of 11% versus last year."
"We saw a modest pickup in discounting this weekend. Traffic in the malls that we visited was okay, not tremendous. We continue to expect a bookended holiday season, with strength at the beginning and the end...There appears to be a very big difference between the high end and low end in terms of traffic and bags. The low end is remaining austere this year. The high end is shopping and buying more for themselves while buying gifts...Teen stocks - Abercrombie and American Eagle discounts were pretty consistent with last weekend....Women’s: Chico’s and Coldwater Creek were under pressure after the Talbot’s news last week...Macy’s looks phenomenal still...Traffic continues to be strong at Kohl's; seems to be decent at JCPenney, too...Nordstrom business appears to have picked up."
Abercrombie closed Tuesday at $55.14, up $0.45, or 0.82 percent. American Eagle closed at $15.12, down $0.25, or 1.63 percent. Chico’s ended at $11.85, down $0.02, or 0.19 percent. Coldwater Creek closed at $2.74, down $0.02, or 0.72 percent. Macy's was at $25.18, up $0.23, or 0.92 percent. Kohl's ended the day at $53.58, up $0.18, or 0.34 percent. JCPenney closed at $32.47, down $0.36, or 1.10 percent. Nordstrom closed at $41.77, up $0.11, or 0.25 percent.
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