Ratings on RRI Energy, Inc. (NYSE: GEN), GSI Commerce (NASDAQ: GSIC), Jones Apparel Group, Inc. (NYSE: JNY), NN, Inc. (NASDAQ: NNBR) and North American Palladium Ltd. (NYSE: PAL) downgraded by analysts.
Dahlman Rose downgraded RRI Energy, Inc. (GEN) from a “buy” rating to a “hold” rating.
Raymond James (NYSE:RJF) downgraded GSI Commerce (GSIC) from an “outperform” rating to a “market perform” rating.
Goldman Sachs (NYSE:GS) downgraded Jones Apparel Group, Inc. (JNY) from a “neutral” rating to a “sell” rating. They have a price target of $11.00 on the company, down from $13.00.
Keybanc downgraded NN, Inc. (NNBR) from a “buy” rating to a “hold” rating.
RBC Capital downgraded North American Palladium Ltd. (PAL) to a “sector perform” rating.
Showing posts with label GSI Commerce. Show all posts
Showing posts with label GSI Commerce. Show all posts
Tuesday, May 10, 2011
Monday, May 9, 2011
Ratings on (GSIC) (HTGC) (LFL) (MJN) (OMPI) Downgraded
Analysts downgraded their ratings on GSI Commerce (NASDAQ: GSIC), Hercules Tech. (NASDAQ: HTGC), Lan Airlines S.A. (NYSE: LFL), Mead Johnson Nutrition (NYSE: MJN) and Obagi Medical Products, Inc. (NASDAQ: OMPI) today.
Stifel Nicolaus downgraded GSI Commerce (GSIC) from a “buy” rating to a “hold” rating.
Piper Jaffray downgraded Hercules Tech. (HTGC) from an “overweight” rating to a “neutral” rating.
Morgan Stanley downgraded Lan Airlines S.A. (LFL) from an “equal weight” rating to an “underweight” rating.
Goldman Sachs (NYSE:GS) downgraded Mead Johnson Nutrition (MJN) from a “buy” rating to a “neutral” rating.
Duncan Williams analysts downgraded shares of Obagi Medical Products, Inc. (OMPI) from a “buy” rating to a “hold” rating.
Stifel Nicolaus downgraded GSI Commerce (GSIC) from a “buy” rating to a “hold” rating.
Piper Jaffray downgraded Hercules Tech. (HTGC) from an “overweight” rating to a “neutral” rating.
Morgan Stanley downgraded Lan Airlines S.A. (LFL) from an “equal weight” rating to an “underweight” rating.
Goldman Sachs (NYSE:GS) downgraded Mead Johnson Nutrition (MJN) from a “buy” rating to a “neutral” rating.
Duncan Williams analysts downgraded shares of Obagi Medical Products, Inc. (OMPI) from a “buy” rating to a “hold” rating.
Monday, March 28, 2011
GSI (GSIC) Jumps 50 Percent on EBay (EBAY) Bid
The announcement that eBay (Nasdaq: EBAY) is attempting to acquire GSI Commerce, Inc., which provides e-commerce and interactive marketing services primarily in North America, sent the shares of the company skyrocketing over 50 percent.
Both eBay and Amazon.com (Nasdaq:AMZN), which this could have a competitive impact on were down a little before 12:00 PM EDT.
EBay has entered into an agreement to acquire GSI Commerce for $2.4 billion.
GSI was trading at $29.11, gaining $9.73, or 50.21 percent, as of 11:52 AM EDT. EBay was trading at $30.83, down $0.87, or 2.74 percent. Amazon.com was at $170.34, falling $0.64, or 0.37 percent.
Both eBay and Amazon.com (Nasdaq:AMZN), which this could have a competitive impact on were down a little before 12:00 PM EDT.
EBay has entered into an agreement to acquire GSI Commerce for $2.4 billion.
GSI was trading at $29.11, gaining $9.73, or 50.21 percent, as of 11:52 AM EDT. EBay was trading at $30.83, down $0.87, or 2.74 percent. Amazon.com was at $170.34, falling $0.64, or 0.37 percent.
Friday, December 3, 2010
GSI Commerce (NASDAQ:GSIC) Driven by Strong Holiday Spending
Citing what they consider will be a Christmas spending season that exceeds expectations, Wedbush maintains their "Outperform" rating on GSI Commerce (NASDAQ:GSIC).
Wedbush said, "We expect online holiday spending to outperform expectations given the strong Black Friday, Cyber Monday, and follow through spending. We are slightly raising our Q4 and 2011 revenue estimates and given the spending strength it is reasonable to expect above consensus results. We are increasing our Q4 and FY11 revenue estimates by $10 million to $1.36 billion and 1.57 billion. We are maintaining our pro forma EPS estimates."
GSC closed Thursday at $24.46, up by $0.48, or 2.00 percent. Wedbush has a price target on them of $33.
Wedbush said, "We expect online holiday spending to outperform expectations given the strong Black Friday, Cyber Monday, and follow through spending. We are slightly raising our Q4 and 2011 revenue estimates and given the spending strength it is reasonable to expect above consensus results. We are increasing our Q4 and FY11 revenue estimates by $10 million to $1.36 billion and 1.57 billion. We are maintaining our pro forma EPS estimates."
GSC closed Thursday at $24.46, up by $0.48, or 2.00 percent. Wedbush has a price target on them of $33.
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