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Did Facebook's Q2 Earn A Thumbs Up From Analysts?
Thursday, July 25, 2019 - 11:31am | 791Facebook, Inc. (NASDAQ: FB) reported second-quarter results that exceeded expectations. Daily active users (DAUs) of 1.59 billion and monthly active users (MAUs) were consistent with the Street's expectations, but average revenue per user (ARPU) of $7.05 beat estimates of $6.87. The company...
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6 Reasons Why Costco Is Dominating A Difficult Retail Market
Thursday, July 11, 2019 - 3:08pm | 553On Wednesday, Costco Wholesale Corporation (NASDAQ: COST) reported 5.4% same-store sales growth and 15.7% online sales growth in the month of June. Quarter after quarter, Costco continues to put up strong numbers, and its investors get rewarded. Analysts say Costco’s long-term success is no...
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Bed Bath & Beyond Plunges To New Lows After Earnings: Here's What The Street Is Saying
Thursday, July 11, 2019 - 12:15pm | 816Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported Wednesday fiscal first-quarter results, which sent the stock tumbling to its lowest level in over a decade. Here is a summary of how some of the Street's top analysts reacted to the print and management's guidance. The Analysts Wedbush'...
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Symantec Analyst Says Cybersecurity Company's Investors Would Benefit From Broadcom Buyout
Tuesday, July 9, 2019 - 11:01am | 478A potential Broadcom Inc (NASDAQ: AVGO) acquisition of Symantec Corporation (NASDAQ: SYMC) would be "very favorable" for Symantec investors, but bad for Broadcom's product innovation, according to Baird. The Analyst Jonathan Ruykhaver maintained a Neutral rating on Symantec with an...
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Baird: Preclinical Data Inspires 'Early Optimism' In Lead Intellia Therapeutics Asset
Tuesday, July 9, 2019 - 10:49am | 365Intellia Therapeutics Inc’s (NASDAQ: NTLA) gene editing drug seems to have the potential to disrupt the treatment of hereditary transthyretin amyloidosis, according to Baird. The Analyst Madhu Kumar initiated coverage of Intellia Therapeutics with an Outperform rating and $23 price target....
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Baird Upgrades SiteOne Landscape Supply, Says Concerns Appear Overdone
Tuesday, June 25, 2019 - 3:43pm | 330Shares of SiteOne Landscape Supply Inc (NYSE: SITE) have underperformed the market over the past year. Although SiteOne Landscape Supply’s performance in the second quarter is likely to have been impacted by unfavorable weather, investor concerns appear overdone. The Analyst Baird’s...
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The Street Debates Darden's Earnings: Low Bar Set For Guidance?
Friday, June 21, 2019 - 2:50pm | 663Olive Garden parent company Darden Restaurants, Inc. (NYSE: DRI) on Thursday reported fourth-quarter results. Earnings of $1.76 per share beat the analyst consensus estimate of $1.72, while quarterly sales of $2.23 billion missed the consensus estimate of $2.24 billion. Here is a summary of how...
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Crocs Could Pull Off 10-15% Earnings Upside, Baird Says In Upgrade
Friday, June 21, 2019 - 1:59pm | 373Crocs, Inc. (NASDAQ: CROX) shares were soaring Friday after Baird turned bullish on the casual footwear company's stock. The Analyst Jonathan Komp upgraded Crocs from Neutral to Outperform and maintained a $29 price target. The Thesis The recent pullback in Crocs shares has...
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Baird Applauds Tapestry's New CFO Pick
Thursday, June 20, 2019 - 2:58pm | 439Tapestry Inc (NYSE: TPR) announced its new chief financial officer hire Wednesday. The Analyst Baird analyst Mark Altschwager reiterated an Outperform rating on Tapestry with a $43 price target. The Thesis Joanne Crevoiserat is the luxury fashion brand's new CFO...
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Yeti Analysts See Tariffs As Contained Threat, Potential In Brick-And-Mortar Locations
Monday, June 17, 2019 - 4:25pm | 583Tariff concerns for Yeti Holdings Inc (NASDAQ: YETI) are overblown, according to Baird. With around 55 percent of Yeti’s sales exposed to “List-4” tariffs, the company screens unfavorably if trade tensions with China escalate further — but the analyst said ...
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Baird: Broadcom Lowers Full-Year Revenue Outlook On High Channel Inventory
Monday, June 17, 2019 - 12:57pm | 333Broadcom Inc (NASDAQ: AVGO) lowered its full-year revenue guidance, dispelling hopes of a recovery in the back half of the year, according to Baird. The Analyst Tristan Gerra maintained an Outperform rating on Broadcom and reduced the price target from $300 to $280. The Thesis Earlier in 2019...
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Tesla Analysts On Shareholder Meeting: Narrative 'Overly Negative,' 'Herculean Task' In Production Goals
Wednesday, June 12, 2019 - 12:05pm | 579Investors and analysts still aren't fully charged up on Tesla Inc. (NASDAQ: TSLA) despite CEO Elon Musk’s assertion that the company could have a “shot at a record quarter on every level” during the electric carmaker's Tuesday shareholder meeting. Sales have "far...
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Baird Makes Chipotle A 'Fresh Pick' After Chatting With Management
Friday, June 7, 2019 - 11:17am | 331Baird analysts turned "incrementally positive" on Chipotle Mexican Grill, Inc. (NYSE: CMG) after hosting a chat with the senior management team, including CEO Brian Niccol. The Analyst Baird's David Tarantino maintains an Outperform rating on Chipotle with an $800 price target, but...
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Zumiez Sticks Q1 Print: Analyst Says Skate Segment 'Somewhat Inexplicably Turned Positive'
Friday, June 7, 2019 - 11:12am | 456Zumiez Inc. (NASDAQ: ZUMZ) shares were soaring Friday after the apparel retailer posted a first-quarter earnings and sales beat the day prior. The apparel and footwear retailer reported 3.3-percent comp growth in the quarter. The Analyst Baird analyst Jonathan Komp maintained...
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What To Make Of Costco's May Sales
Thursday, June 6, 2019 - 1:50pm | 346Costco Wholesale Corporation (NASDAQ: COST) said Wednesday afternoon total sales for the month of May rose 5.9 percent year over year to $11.67 billion and comparable sales rose 4.2 percent. Multi-Year Trends Intact Costco's May comps of 4.2 percent represents a deceleration from March and...