Cleveland Research

It’s hard to imagine that Ulta Beauty Inc (NASDAQ: ULTA) stock was trading above $314 per share less than five months ago. Ulta shares dipped as low as $189.50 on Thursday morning after analysts at Cleveland Research downgraded the stock from Buy to Neutral and said Ulta stock still isn...

Twitter Inc (NYSE: TWTR) shares soared on Wednesday following bullish statements from Cleveland Research. The note stated Twitter has started to receive improved feedback on both its strategy and execution and its CY 2017 budget allocation is still muted. Cleveland Research also received...

A Cleveland Research report Thursday said that Express Scripts Holding Company (NASDAQ: ESRX) lost its General Motors Company (NYSE: GM) contract, but Express Scripts spokesman Brian Henry declined to comment on “specific client wins or losses.” However, Henry did issue responses to a...

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are bouncing 2.8 percent in Wednesday’s session ahead of the company’s Q3 earnings due out on October 25. While traders may be optimistic about a recovery in the battered stock, Cleveland Research isn’t quite convinced. Instead,...

Cleveland Research’s Mike Piken mentioned that the reaction of U.S. dealers to the proposed merger between Agrium Inc. (USA) (NYSE: AGU) and Potash Corporation of Saskatchewan (USA) (NYSE: POT) has been mixed, although most dealers expect the merger to be approved by the anti-trust...

Shares of J C Penney Company Inc (NYSE: JCP) gained more than 5 percent Wednesday morning as the company's management spoke at the Piper Jaffray Consumer Conference. Here are some of the biggest takeaways from the company's CEO Marvin Ellison's presentation. 1. Memorial Day weekend sales were...

Cleveland Research said softer industry trends over the last 30&ndas;45 days pose some risk to the first-quarter comp of Advance Auto Parts, Inc. (NYSE: AAP). Cleveland expects comp at -1.0 percent versus consensus -0.3 percent. The brokerage also slashed its first-quarter EPS estimate more in line...

Cleveland Research prefers UnitedHealth Group Inc (NYSE: UNH) and Anthem Inc (NYSE: ANTM) over Aetna Inc (NYSE: AET) in the healthcare space. UnitedHealth: Buy, $155 PT Analyst Steve Willoughby initiated coverage of UnitedHealth with a Buy rating and $155 price target, as his research suggests the...

In a report issued Thursday, Cleveland Research analyst Adam Uhlman shared insights into the heavy-duty truck industry. According to the note, heavy-duty truck orders plummeted roughly 60 percent in November. Based on this data, the firm issued Neutral ratings for Cummins Inc. (NYSE: CMI),...

Shares of GoPro Inc (NASDAQ: GPRO) lost nearly 5 percent on Thursday following several scathing reports from Wall Street analysts. Ben Bollin of Cleveland Research commented in a note that GoPro is likely facing order cuts heading into the end of the year while 2016 will prove to be a more...

In a report published Friday, Cleveland Research analyst Michael Piken initiated coverage on Pilgrim's Pride Corporation (NASDAQ: PPC) with a Neutral rating and a price target of $25. Analyst Michael Piken believes that the multi-year positive chicken cycle is peaking this summer. "Our research...

The action camera market may support several years of growth for GoPro Inc (NASDAQ: GPRO), and the company will see limited threats from lower-priced competition, an analyst said Monday. The company, which recently launched a new mid-priced Hero + LC camera, changed hands recently at $60.30, up...

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) rose more than 3 percent on Wednesday, ahead of its first-quarter financial results, scheduled for Thursday afternoon. The company guided an 18 percent year-over-year earnings growth rate to $0.91 per share, compared to $0.77...