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FBR Reiterates Outperform On Children's Place; Sees Big Upside Due To Management
Wednesday, May 18, 2016 - 8:58am | 210Read More...FBR &Co.'s Susan Anderson reaffirmed her Outperform rating on Childrens Place Inc (NASDAQ: PLCE) and kept the price target at $85. Anderson reported Children's Place had an "impressive quarter" with an EPS of $1.32 vs. estimates of $1.04. Comps across the company's profile were performing...
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FBR Raises Prudential's Price Target To $86
Monday, May 16, 2016 - 11:44am | 182Read More...FBR raised its price target to $86 from $80 and maintains an Outperform rating on Prudential Financial Inc (NYSE: PRU), saying its meetings with management support its view of the company as "a well-managed company that offers good risk/reward at current valuation." "We are increasingly viewing...
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Poor On Deck Guidance Is Concerning P2P Investors: But Does It Matter?
Tuesday, May 3, 2016 - 1:16pm | 311Read More...Shares of On Deck Capital Inc (NYSE: ONDK) are collapsing Tuesday following a big Q1 earnings and Q2 guidance miss. On Deck reported Q1 EPS of -$0.18 on revenue of $62.6 million versus consensus expectations of -$0.07 EPS on $69.3 million in revenue. Looking ahead, the company guided for $67-70...
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Why ON Semiconductor Could Be The Big Loser If NXP Sells Standard Products Division
Friday, April 8, 2016 - 3:26pm | 476Read More...FBR said that a potential sale of NXP Semiconductors NV (NASDAQ: NXPI)'s standard products unit to a Chinese entity is bad for ON Semiconductor Corp (NASDAQ: ON). A Bloomberg report said NXP Semiconductors is weighing a sale of its standard products business, and may seek at least $2 billion for...
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FBR: Latest Hanesbrands Acquisition Is Huge Growth Opportunity
Friday, April 8, 2016 - 8:55am | 236Read More...Hanesbrands Inc. (NYSE: HBI) has announced its plans to acquire Champion Europe. FBR’s Susan Anderson reiterated an Outperform rating for the company, with a price target of $39. Champion Europe owns the trademark for the Champion brand in Europe, the Middle East, and Africa. Hanesbrands...
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FBR: Marvell Delisting A 'Possibility,' But Company Likely To File Reports In Timely Manner Going Forward
Friday, April 1, 2016 - 9:50am | 268Read More...Delisting of Marvell Technology Group Ltd. (NASDAQ: MRVL) shares from the NASDAQ remains a possibility, with a negative preannouncement and another filing extension request. FBR’s Christopher Rolland maintained a Market Perform rating for the company. Significant Revenue Decline Marvell...
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Steph Curry Is Helping Under Armour In Asia, Too
Tuesday, March 29, 2016 - 11:45am | 234Read More...FBR’s Susan Anderson maintained an Outperform rating for Under Armour Inc (NYSE: UA), with a price target of $115. The analyst said that market share gains and brand recognition had positioned the company for high growth in China. Presence In China Under Armour recorded $3 million in...
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An Activist Is Circling Seacoast Banking: Good For Investors?
Tuesday, March 29, 2016 - 11:28am | 263Read More...FBR’s Bob Ramsey upgraded Seacoast Banking Corporation of Florida (NASDAQ: SBCF) from Market Perform to Outperform, while raising the price target from $16 to $20. The analyst cited Basswood Capital Management's significant increase in ownership as well as observer rights agreement as...
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SeaWorld's Orca Exit Worth $2 To $8 In Upside, FBR Predicts
Friday, March 18, 2016 - 9:01am | 271Read More...FBR’s Barton Crockett maintained an Outperform rating for SeaWorld Entertainment Inc (NYSE: SEAS), with a price target of $27. SeaWorld has announced its decision to end breeding orcas, and the 29 that it currently has would be the last. The company intends to transition its One World...
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Urban Outfitters Beat Good For Specialty Retail
Tuesday, March 8, 2016 - 3:59pm | 460Read More...A better-than-expected quarterly earnings from Urban Outfitters, Inc. (NASDAQ: URBN) is a net positive for specialty retail sector, according to FBR's Susan Anderson. Urban Outfitters adjusted earnings of $0.61 topped Street view of $0.56, driven by a shift toward higher-margin merchandise...
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FBR: Don't Overreact To Lattice Semi's CFO Transition
Monday, March 7, 2016 - 10:56am | 283Read More...FBR’s Christopher Rolland maintained an Outperform rating for Lattice Semiconductor (NASDAQ: LSCC), while urging investors to not overreact to the company’s CFO transition. Lattice Semi is on the lookout for strategic buyers for its portfolio of important FPGA technologies,...
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Play Strong Auto Sales Without Buying Car Stocks
Thursday, March 3, 2016 - 9:15am | 358Read More...The strong auto sales for the month of February bodes well for Sirius XM Holdings Inc. (NASDAQ: SIRI), Visteon Corp (NYSE: VC) and Tower International Inc (NYSE: TOWR). Auto sales in the United States have been healthier this year, with consumer demand for new vehicles strengthening. Companies such...
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FBR Upgrades Keryx Biopharma To Outperform, Sees Meaningful Auryxia Sales & Potential Label Expansion
Monday, February 29, 2016 - 8:53am | 182Read More...FBR’s Christopher S. James upgraded the rating for Keryx Biopharmaceuticals (NASDAQ: KERX) from Market Perform to Outperform, with a price target of $10. The company reported a higher-than-expected 4Q loss per share of $0.36, due to interest expenses related to the amortization of...
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Mo-Mo Pair Trade? FBR Downgrades Netflix, Upgrades Pandora
Friday, February 12, 2016 - 12:36pm | 495Read More...Barton Crockett FBR presented a pair trade idea in a report on Friday: upgrading Pandora Media Inc (NYSE: P) to Outperform and downgrading Netflix, Inc. (NASDAQ: NFLX) to Market Perform. Crockett maintained a $16 price target on Pandora's stock but trimmed his target on Netflix's...
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FBR Keeps Outperform On Prospect Capital, Sees 60% Upside
Thursday, February 11, 2016 - 4:38pm | 284Read More...FBR & Co. analysts Christopher Nolan and Matthew Brotman reiterated an Outperform rating and $9.00 price target on shares of Prospect Capital Corporation (NASDAQ: PSEC) on Wednesday, after the company beat earnings and revenue estimates for its second quarter of fiscal year 2016. EPS of $0....
