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BMO Capital Downgrades UDR On Decelerating Multifamily Rental Growth
Tuesday, October 25, 2016 - 11:00am | 396BMO Capital has downgraded UDR, Inc. (NYSE: UDR) shares from an Outperform to Market Perform rating, citing the slow pace of growth in the multifamily rental sector. The firm thinks this could put pressure on the outlook for the 2016&ndah;2017 period. Therefore, the target price has also been...
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A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Earnings
Monday, October 17, 2016 - 8:00am | 539Pre-open movers U.S. stock futures traded lower in early pre-market trade. The Empire State manufacturing index for October is schedule for release at 8:30 a.m. ET and data on industrial production for September will be released at 9:15 a.m. ET. Fed Vice Chair Stanley Fischer is set to speak at...
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A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street
Monday, October 10, 2016 - 7:41am | 392Pre-open movers U.S. stock futures traded higher in early pre-market trade. Chicago Federal Reserve President Charles Evans is set speak at Australian Business Economists Luncheon in Sydney, Australia at 10:00 p.m. ET. Futures for the Dow Jones Industrial Average climbed 50 points to...
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Winnebago's Grand Design Acquisition Is A 'Grand Slam'
Tuesday, October 4, 2016 - 1:18pm | 202Winnebago Industries, Inc. (NYSE: WGO) is coming off its best day in 25 years Monday, after the company announced the acquisition Grand Design, the world's third-largest towable RV manufacturer for $500 million. BMO analysts were excited, calling acquisition a grand slam and a big win for...
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In One Expert's View, Eli Lilly's Alzheimer Drug Trial Has A Greater Than 60% Chance Of Success
Monday, October 3, 2016 - 2:12pm | 255BMO recently hosted a conference call with leading Alzheimer’s disease researcher Dr. Dennis Selkoe to discuss the amyloid hypothesis and its potential implications for Eli Lilly and Co (NYSE: LLY)’s late-stage trials. According to analyst Alex Arfaei, Selkoe is cautiously optimistic...
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A Possible Trading Opportunity Presents Itself In Biogen's Approaching Phase 3 Results
Monday, October 3, 2016 - 1:53pm | 329BMO says the upcoming clinical data's offer possible trading opportunity in Biogen Inc (NASDAQ: BIIB) shares. The market is expecting Phase III Sola data and aducanumab titration data, both in December. Last month, FDA granted fast track status for aducanumab, Biogen's investigational...
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Flooding Disruptions, Rerouting Expenses Put A Strain on Kansas City Southern's Margins
Monday, October 3, 2016 - 1:32pm | 287BMO Capital sees third quarter earnings of Kansas City Southern (NYSE: KSU) below consensus on higher costs related to flooding disruptions and the associated rerouting expenses. The rail road operator is expected to report its third quarter numbers on October 18. The brokerage cut its third...
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Mattel Could Be A Good Way To Play With Positive Toy Industry Trends
Monday, October 3, 2016 - 1:07pm | 173After attending the Dallas Fall Toy Preview last week and visiting JAKKS Pacific and Mattel, Inc. (NASDAQ: MAT) management in Los Angeles, BMO Capital Markets analyst Gerrick Johnson expressed his optimism on Mattel and the toy industry as a whole. "The mood in the industry is upbeat after...
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Analyst Sees Actuant Earnings Bottoming In 2017
Friday, September 30, 2016 - 12:55pm | 321BMO Capital remains on the sidelines of Actuant Corporation (NYSE: ATU), as weakness in key end-markets and mix pressures lead to another weak, albeit in-line, quarter with disappointing guidance. "We do see earnings bottoming in 2H17, but our reduced estimates, which are at the lower end of...
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BMO Thinks Investors Can Score Big With Dave & Buster's Thanks To Comp Momentum, Attractive Entry
Friday, September 30, 2016 - 12:36pm | 383BMO Capital maintains its Outperform rating on Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY); the stock remains its favorite idea in the restaurants space on expectations of continued positive comp momentum through FY16. Further, the brokerage feels a 20 percent pullback in the shares of...
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Splunk's Product Enhancements Could Improve Its Competitive Position
Friday, September 30, 2016 - 11:53am | 188BMO's Keith Bachman remains bullish and sees 14 percent upside in Splunk Inc (NASDAQ: SPLK) shares as he believes the company's product enhancements would continue to enhance its competitive positioning, while continued focus on ecosystems and partnerships boost the platform. Bachman,...
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Investors Have Placed Their Bets Ahead Of Costco's Q4 Earnings: Stock Down 10% Over Last Month
Thursday, September 29, 2016 - 2:19pm | 448Expectations from Costco Wholesale Corporation (NASDAQ: COST) have moderated, thus increasing confidence that the company will be able to weather the food deflation and post better-than-expected EPS for the fourth quarter. The company is scheduled to announce its results after the market closes on...
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Duluth Holdings Price Target Up To $35 At BMO Capital
Friday, September 9, 2016 - 12:56pm | 237BMO Capital raised its estimates and price target on Duluth Holdings Inc (NASDAQ: DLTH) after the company's second quarter EPS of $0.11 beat the brokerage's estimate by $0.04. The EPS beat was attributed to sales growth of 27.4 percent versus BMO estimate of 21.8 percent, driven equally...
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BMO Waiting To See 'Green Shoots' For Express, Trims Price Target
Thursday, August 25, 2016 - 12:10pm | 373BMO Capital Markets has reduced its price objective on Express, Inc. (NYSE: EXPR) shares from $14 to $13 to reflect its EPS estimate for the fiscal year 2017. However, the brokerage maintains its Market Perform rating on the stock. The analysis comes on the heels of the company reporting below the...
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BMO Capital Maintains Underperform Rating On Wal-Mart Stores
Monday, August 22, 2016 - 1:27pm | 481BMO Capital has maintained its Underperform rating on Wal-Mart Stores, Inc. (NYSE: WMT), despite better-than-expected second-quarter earnings and gross margin. The world's biggest retailer reported adjusted EPS of $1.07, which exceeded the Street estimates by $0.05 a share and BMO estimates by $0....