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Mixed Reaction As Investors Dump James River Group Stock After Cancellation Of Uber Insurance Policies
Wednesday, October 9, 2019 - 4:20pm | 550James River Group Holdings, Ltd. (NASDAQ: JRVR) stock plummeted on Wednesday, dropping more than 20%, after the company said it is canceling all insurance policies with its largest customer, a subsidiary of Uber Technologies Inc (NYSE: UBER). The decision led one sell-side firm to downgrade the...
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Strategist: Sino-American Trade War Is Market's 'Most Difficult Headwind'
Monday, November 5, 2018 - 10:47am | 446President Donald Trump and his Chinese counterpart Xi Jinping are set to meet later this month in Argentina, but investors hoping for a swift resolution to the trade dispute may want to reconsider, according to Nobel Prize winner Michael Spence. Talks Will Continue 'For Some Time' Spence, a...
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Analyst Steps To The Sidelines On American Software Ahead Of Q1 Earnings
Tuesday, August 28, 2018 - 3:44pm | 314American Software, Inc. (NASDAQ: AMSWA) is scheduled to release its first-quarter earnings report on Sept. 4. The Analyst B. Riley FBR analyst Kevin Liu downgraded American Software from Buy to Neutral after the stock hit his $18 price target. The Thesis According to Liu, the company’s...
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The Street Is Underappreciating On Deck Capital, Analyst Says In Bullish Initiation
Thursday, August 23, 2018 - 2:59pm | 461On Deck Capital Inc (NYSE: ONDK) is shaping up to be an attractive alternative lender and Wall Street has been slow to react, according to B. Riley FBR. The Analyst Analyst Scott Buck initiated coverage of On Deck Capital with a Buy rating and $14 price target. The Thesis On Deck...
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How Losing Control Of The World's Biggest Gold Mine Could Pay Off For Freeport
Wednesday, May 23, 2018 - 3:33pm | 637On Tuesday, Bloomberg reported that Rio Tinto is ready to accept $3.5 billion from Indonesia’s state-owned Inalum for its 40-percent stake in the Grasberg gold and copper mine. Located in Indonesia, Grasberg is the largest gold mine and second-largest copper mine in the world. Rio Tinto...
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Here's Why It Could Be A Big Year For Nike
Friday, March 23, 2018 - 1:51pm | 468Nike Inc (NYSE: NKE) stock traded higher Friday following a quarterly earnings and revenue beat. Several Wall Street analysts have commented on Nike’s quarter. Here’s a sampling of what they had to say. Voices From The Street Stifel analyst Jim Duffy said inflection in Nike’s...
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B. Riley FBR Raises Weight Watchers Price Target After 'Healthy' Q4 Print
Wednesday, February 28, 2018 - 11:39am | 370Weight Watchers International, Inc. (NYSE: WTW) reported better-than-expected fourth quarter results after the close Tuesday, with a 23-percent year-over-year jump in suscribers. The Analyst B. Riley FBR analyst Kara Anderson reiterated a Buy rating on Weight Watchers and...
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Callidus Software Hit With Downgrade After SAP Buyout
Wednesday, January 31, 2018 - 3:16pm | 466Enterprise software and SaaS name Callidus Software Inc. (NASDAQ: CALD) announced an agreement Jan. 29 to be bought out by SAP SE (ADR) (NYSE: SAP)'s American unit. The Analyst B. Riley FBR analyst Kevin Liu downgraded Callidus Software from Buy to Neutral and increased the price...
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Oxford, PVH: The Retailers In Fashion At B. Riley FBR
Friday, December 22, 2017 - 5:24pm | 496Retail has rode the market rotation to annual highs and clothing manufacturers at the heart of the sector have been rewarded with favorable ratings. B. Riley FBR came out positive on two apparel companies and ambivalent on two others Friday. The Rating Analyst Susan Anderson resumed coverage on...
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Bazaarvoice Tops Off Q2 Beat With Acquisition News
Tuesday, November 28, 2017 - 10:42am | 482Bazaarvoice Inc (NASDAQ: BV) made two announcements on Nov. 27 that sent its shares soaring by more than 13 percent. The company reported its fiscal year second quarter results and separately announced a definitive agreement to be acquired by investment firm Marlin Equity Partners for $5.50...