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Time To Buy McDermott's Turnaround, Cowen & Co Says
Wednesday, June 17, 2015 - 9:14am | 256In a report published Wednesday, Cowen & Co analyst Scott Kirkwood initiated coverage of McDermott International (NYSE: MDR) with an Outperform rating and a target price of $7. McDermott is poised to return to profitability in 2016 with various corrective measures being taken by its new...
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Cowen & Co. Data Center REITs, Rackspace: Key Conference Takeaways
Friday, May 29, 2015 - 4:12pm | 901On Friday, Cowen & Co. analyst Colby Synesael published highlights from its 43rd Annual Telecom, Media and Technology Conference. The companies making presentations included: Digital Realty Trust, Inc. (NYSE: DLR): Neutral Rating, $70 PT. DuPont Fabros Technology, Inc. (NYSE: DFT): Outperform...
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Petrobras Post Reveal: Cowen Is Resetting Expectations
Friday, April 24, 2015 - 10:26am | 231In a report published Friday, Cowen & Co analysts maintained a Market Perform rating on Petroleo Brasileiro Petrobras SA (NYSE: PBR), while raising the price target from $9 to $11.50. The analysts said they liked the "changing emphasis" by the new management. The company's share price has...
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Cowen Reviews Amazon Earnings
Friday, April 24, 2015 - 9:53am | 260In a report published Friday, Cowen & Co analysts maintained a Market Perform rating on Amazon.com, Inc. (NASDAQ: AMZN), while raising the price target from $320 to $370. The company reported strong 1Q results. Amazon.com reported its 1Q15 revenue at $22.7 billion, representing 15 percent y/y...
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Analyst Likes Smith & Wesson Despite 9.5% Drop In Gun Permits
Monday, April 13, 2015 - 1:39pm | 264Smith & Wesson Holding Corp (NASDAQ: SWHC) remains poised for a comeback despite a recent slowdown in gun permits, an analyst said Monday. Federal gun permits, a proxy for retail sales, are off nearly 9.5 percent to about 5.65 million in the first three months of 2015, compared with last year....
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Cowen Just Lowered Its AT&T Price Target
Monday, March 23, 2015 - 5:03pm | 748On March 23, Cowen & Co. released a note updating their model for AT&T Inc. (NYSE: T) based on information contained in a recent company 8-K filing, resulting in a lower price target, while maintaining AT&T's Market Perform rating. In the report, Cowen reiterated its Outperform...
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UPDATE: Cowen & Co. Upgrades Fox On Withdrawal Of Time Warner Bid
Thursday, August 7, 2014 - 11:27am | 200Following the announcement that Twenty-First Century Fox (NASDAQ: FOXA) rescinded its bid for Time Warner (NYSE: TWX), Cowen & Co. analyst Doug Creutz upgraded shares of Fox from Underperform to Market Perform and raised the price target from $29 to $35. Creutz has chosen to move the stock...
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Cowen Downgrades Big Media Stocks
Wednesday, July 23, 2014 - 4:57pm | 314On July 23, Cowen & Company downgraded three names in Big Media based on the stance that the sector has taken a turn for the worse. More specifically, the firm noted three- Advertising trends, theatrical demand, and M&A/competitive pressure -of the five key factors it uses to gauge the...
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Analysts Remain Optimistic Amid Amazon's Move To Raise Prime Price
Thursday, March 13, 2014 - 4:26pm | 462Amazon.com Inc. (NASDAQ: AMZN) announced membership fee changes for the price of Prime for the first time since the introduction of the service nine years ago. Membership Fee Changes Amazon Prime membership will have a $20.00 price increase going from $79.00 to $99.00. Prime offers unlimited...
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Cloud Infrastructure Stocks Ready to Boom? (AKAM, EQIX, INXN, RAX)
Friday, October 4, 2013 - 12:23pm | 826In the wake of the Hosting and Cloud Transformation Summit in Las Vegas, analysts at Cowen & Co. have released a new report suggesting that merger and acquisition activity in the sector could occur soon. So far this year, little of the increased spending on storage and networking that...
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Facebook's Future Lies in Mobile Advertising
Tuesday, September 24, 2013 - 3:45pm | 623According to Yahoo! Finance, after Cowen & Co. upgraded Facebook (NASDAQ: FB) from “market perform” to “outperform” September 20, raising its PT from $29 to $53, the company moved past its awkward phase into corporate adulthood. On Tuesday, Citigroup's Mark May upgraded the stock from "...
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J. Crew Soaring (JCG)
Tuesday, July 20, 2010 - 3:30pm | 87Shares of J. Crew (NYSE: JCG) are soaring today after an analyst upgraded the retailer to "Outperform" from "Neutral." Cowen & Co. analyst Laura Champine said shares are attractively priced after a 26% haircut since the company reported earnings on May 27. She added the company's low store...
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Atlantic Tel to Speak at Cowen Annual Technology Media & Telecom Conference (ATNI)
Friday, May 28, 2010 - 4:17pm | 262Atlantic Tele-Network, Inc. (NASDAQ: ATNI) announced today that its President and Chief Executive Officer, Michael T. Prior, and Chief Financial Officer, Justin D. Benincasa, are scheduled to speak at the Cowen 38th Annual Institutional Technology Media & Telecommunications Conference in New...
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Trader’s Take Profits in Citrix
Friday, May 7, 2010 - 1:41pm | 97Citrix Systems Inc. (NASDAQ: CTXS) is trading lower on the session by 1.33% to $43.86 after Cowen & Co. started to stock at “Underperform.” The stock has had an amazing run higher over the past nine months, though has broken down from its recent support level of $47.50. The stock looks like it...
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Motorola’s Bull Pattern
Tuesday, April 13, 2010 - 12:18pm | 180Motorola (NYSE: MOT) has been garnering bull support in recent months given their release of the Droid Smartphone, as well as their plan to spilt the company into two business segments. It has also been developing a bullish pennant pattern that, combined with a 50/200-day moving average cross,...