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UPDATE: BMC Lowers PT on Synnex to $40
Wednesday, June 29, 2011 - 8:20am | 119BMC is out with its reporty today on Synnex (NYSE: SNX), lowering its PT from $43 to $40. In a note to clients, BMC writes, "Aug Q guidance was softer than consensus, with revenue of $2.54B-$2.64B and EPS of $0.88-$0.92 vs. Street of $2.65B and $0.94 due to ongoing soft consumer IT demand (most...
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BMC Maintains Buy on Dell
Wednesday, June 29, 2011 - 8:14am | 136BMC is out with its report today on Dell (NASDAQ: DELL), maintaining Buy. In a note to clients, BMC writes, "We feel incrementally bullish on our Buy rated Dell call after spending the evening with management. Overall, we believe revenue is tracking within Dell's updated FY11 guidance of 5% - 9% (...
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BMC Downgrades JA Solar Holdings to Sell
Tuesday, June 28, 2011 - 9:32am | 48BMC downgraded its rating on JA Solar Holdings (NASDAQ: JASO) from Hold to Sell. At the moment, BMC has a price target of $4 placed on the company's stock. In today's trading, JA Solar lost 2.62% of its value to trade around $5.58.
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BMC Downgrades Renesola to Hold, Removes PT
Tuesday, June 28, 2011 - 9:28am | 48BMS downgraded Renesola (NYSE: SOL) from Buy to Hold. At the same time, the rating agency removed its price target on the company's stock from $14. On Monday, Renesola closed the day at $4.88. In today's pre-market trading, its shares fell 2.87% to $4.74.
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BMC Reiterates Buy and PT of $19 on Dell
Tuesday, June 28, 2011 - 8:11am | 56BMC reiterated its Buy rating on Dell (NASDAQ: DELL). At the same time, BMC left its price target on the company's stock unchanged at $19. On Monday, Dell added 0.06% to its value to finish the day at $15.94. Its shares continued to climb higher in today's pre-market trading, rising 0.69% to $16.05...
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UPDATE: BMC Initiates NetApp at Buy
Monday, June 27, 2011 - 9:22am | 118BMC is out with its report today on NetApp (NASDAQ: NTAP), initiating NTAP at Buy, with a $60 PT. In a note to clients, BMC writes, "Our call is that while we have line-of-sight to slight upside to CY11/CY12 Street EPS, we believe achieving Street EPS at current valuation levels can be a catalyst...
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BMC Reiterates Buy on Allos Therapeutics
Friday, June 17, 2011 - 6:19am | 51BMC reiterated its Buy rating on Allos Therapeutics (NASDAQ: ALTH). At the same time, BMC left its rating unchanged at $6 after the company's new drug, Istodax, was given a PTCL approval. On Thursday, Allos added 8.65% to its value to close the day at $2.01.
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BMC Reiterates Hold on Hewlett-Packard
Tuesday, June 14, 2011 - 6:56am | 84BMC reiterated its Hold rating on Hewlett-Packard (NYSE: HPQ) after the company announced its latest round of organizational changes. In a research report published today, BMC stressed its belief that the company's restructuring process has some way to go, thus reaffirming its position on the...
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BMC Provides Color on Hewlett-Packard and Dell
Thursday, June 9, 2011 - 7:37am | 214BMC provided color on Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL). In a research report published today, BMC stressed that higher components costs for both companies could provide a headwind to their stock price performance. In the report, BMC states, "for both Dell and HP, increases in...
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BMC Drops Coverage of Bebe Stores
Monday, June 6, 2011 - 6:24am | 31BMC dropped its coverage of Bebe Stores (NASDAQ: BEBE) from Hold. On Friday, Bebe lost 0.94% of its value to close the week at $6.34.
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BMC Upgrades American Eagle Outfitters to Hold, Removes Price Target
Monday, June 6, 2011 - 6:21am | 49BMC upgraded its rating on American Eagle Outfitters (NYSE: AEO) from Sell to Hold. At the same time, BMC removed its price target on the company's stock. On Friday, American Eagle Outfitters lost 0.08% of its value to close the week at $12.80.
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BMC Reiterates Hold on Hewlett-Packard
Friday, June 3, 2011 - 7:02am | 57BMC reiterated its Hold rating on Hewlett-Packard (NYSE: HPQ) after the company's CEO announced Hewlett-Packard will repurchase at least $3 billion of its shares in the July quarter. On Thursday, Hewlett-Packard lost 0.56% of its value to close the day at $36.42. Its shares regained some of...
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BMC Reiterates Buy on Isle of Capri Casinos
Friday, June 3, 2011 - 6:55am | 56BMC reiterated its Buy rating on Isle of Capri Casinos (NASDAQ: ISLE) after the company reported strong quarterly earnings results. At the moment, BMC has a price target of $13 placed on the company's stock. On Thursday, Isle of Capri added 6,01% to its value to end the day at $9.
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BMC Reiterates Hold on 1-800-Flowers.com
Friday, June 3, 2011 - 6:45am | 62BMC reiterated its Hold rating on 1-800-Flowers.com (NASDAQ: FLWS). In a research report published today, BMC decided to lower its earnings per share estimates for the June quarter. At the moment, BMC does not have a price target on the company's stock. On Thursday, 1-800-Flowers lost 3.42% to...
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BMC Initiates Coverage of Express With Buy and PT of $26
Thursday, June 2, 2011 - 7:21am | 36BMC initiated coverage of Express (NASDAQ: EXPR) with a Buy rating and a price target of $26. On Wednesday, Express lost 2.7% of its value to close the day at $20.55.