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'It's Tough To Get Constructive' On Wal-Mart, Analyst Warns
Wednesday, February 17, 2016 - 8:47am | 346Read More...Wal-Mart Stores, Inc. (NYSE: WMT) shares have appreciated 13.88 percent over the past three months, from $57.87 on November 16. Charles Grom of Sterne Agee CRT has maintained an Neutral rating on the company, while raising the price target from $57 to $58. The steps being taken by the...
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4 Ways To Play Wal-Mart's Historic Crash
Friday, October 23, 2015 - 1:06pm | 683Read More...Shares of Wal-Mart Stores, Inc. (NYSE: WMT) plunged 10 percent recently after the company issued three-year guidance that fell well short of expectations. As Wal-Mart continues to search for ways to adapt to the modern digital age, traders are looking for ways to profit from the drop. The Numbers...
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Wal-Mart's Crashing Because It Over-Earned (Here's How To Play The Dip)
Wednesday, October 14, 2015 - 2:44pm | 826Read More...Shares of Wal-Mart Stores, Inc. (NYSE: WMT) plummeted more than 9 percent Wednesday morning. Wal-Mart said it expects 2017 earnings per share to decline between six and 12 percent in fiscal 2017 and beyond. Wal-Street's top retail analysts were mixed following the announcement....
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Sterne Agee CRT Upgrades JC Penney, Worth $13/Share
Monday, September 28, 2015 - 10:00am | 330Read More...The share price of J C Penney Company Inc (NYSE: JCP) has risen almost 46 percent year-to-date, reaching a high of $9.98 on September 8. Charles Grom of Sterne Agee CRT has upgraded the rating from Neutral to Buy, with a price target of $13. Following a meeting with the company’s...
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JC Penney: What 3 Of Wall Street's Top Analysts Are Saying Ahead Of Earnings Print
Wednesday, May 13, 2015 - 3:02pm | 475Read More...J C Penney Company Inc (NYSE: JCP) is scheduled to report its first quarter results Wednesday after market close. The Estimize earnings per share consensus estimate (based on 41 estimates) stands at a loss of $0.73 per share on revenue of $2.885 billion. This compares to the Wall Street Consensus...
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4 Retailers Sterne Agee CRT Is Watching In The Heart Of Earnings Season
Tuesday, May 12, 2015 - 10:48am | 759Read More...Sterne Agee CRT issued notes Monday on the four retail stocks its watching ahead of earnings reports. Analysts led by Charles Grom largely maintain Neutral ratings on the stocks. Below are highlights from the firm’s research notes along with current ratings and price targets. J C Penney...
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What's Coming For JC Penney?
Monday, May 11, 2015 - 10:42am | 397Read More...In a report published Monday, Sterne Agee analyst Charles Grom commented that it is "hard to get involved" in J C Penney Company Inc (NYSE: JCP) ahead of its earnings print given the company's approximate $8 per share intrinsic value. Grom noted that shares of JC Penney has traded...
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Costco Showing Strength Following Stellar Earnings, Wall Street Applauds
Friday, March 6, 2015 - 2:56pm | 566Read More...Costco Wholesale Corporation (NASDAQ: COST) reported exceptional 2015 fiscal year second-quarter earnings, beating analyst expectations. Revenue was reported at $27.45 billion, up 4 percent from last quarter. EPS was reported at $1.35, exceeding analyst expectations of $1.18 per share. Profits...
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Sterne Agee Managing Director: Switch To Visa Will Benefit Costco
Thursday, March 5, 2015 - 3:09pm | 374Read More...Costco Wholesale Corporation (NASDAQ: COST) came out with better than expected second-quarter results Thursday, declaring an EPS of $1.35, significantly above the $1.05 it reported for the same quarter last year. The company also recently announced that it has entered a co-brand credit card...
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Analysts: Target Margins Put It At Risk By Spending
Thursday, February 26, 2015 - 2:51pm | 354Read More...Target Corporation's (NYSE: TGT) plans to spruce up stores to boost traffic may put its profit margins at risk going forward, analysts said Thursday. The Minneapolis-based retailer changed hands recently at $77.31, up $0.16 cents. Target, which posted fourth-quarter same-store sales...
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Sterne Agee Sees Case For Higher Dividend Payout For Costco Wholesale
Wednesday, December 3, 2014 - 10:18am | 128Read More...In a report published Wednesday, Sterne Agee analyst Charles Grom reiterated a Buy rating and $146.00 price target on Costco Wholesale Corporation (NASDAQ: COST). In the report, Sterne Agee noted, “The structural advantages/consistency of the Costco model place the warehouse club operator in the...
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Sterne Agee Initiates Coverage On Wal-Mart
Tuesday, November 4, 2014 - 9:30am | 262Read More...Sterne Agee initiated coverage of Wal-Mart Stores, Inc. (NYSE: WMT) Monday afternoon with a Neutral rating and $70 price target. Analysts led by Charles Grom felt that the stock "is arguably expensive, but the consumer "stapleness" of the model and the dividend yield (~2.5...
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Sterne Agee Raises GNC Holdings Inc Price Target
Friday, September 19, 2014 - 9:14am | 129Read More...Aanalysts at Sterne Agee raised their price target on shares of GNC Holdings Inc (NYSE: GNC) to $47 from $36 and retained their Buy rating on the stock. Charles Grom believes GNC’s new CEO Mike Archbold provides seasoned experience in retail and brings a fresh perspective to the company...
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Dollar General Opens Sharply Lower; Deal Seen As Less Likely
Monday, June 30, 2014 - 10:15am | 197Read More...Dollar General (NYSE: DG) opened sharply lower Monday as analysts suggested a quick merger is unlikely. Dollar General said Friday that Chief Executive Rick Dreiling will retire by May 2015, and Wall Street figures that means nothing will happen soon regarding a hyped merger with Family Dollar...
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Sterne Agee Getting Bullish On J.C. Penney
Wednesday, March 12, 2014 - 10:43am | 119Read More...On Wednesday, Sterne Agee released a bullish note on J.C. Penney (NYSE: JCP) after walking some New York and New Jersey stores. Analyst Charles Grom's “eye test” indicates that traffic levels have been “modestly improving,” but sees “no significant inflection yet.” Grom observed that reordering...
