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Gilford Says Don't Believe The Real Estate Hype: Slashes Macy's From Buy To Sell
Tuesday, July 28, 2015 - 10:26am | 358Read More...In a report published Tuesday, Gilford Securities analyst Bernard Sosnick downgraded shares of Macy's, Inc. (NYSE: M) to Sell from Buy following the surge in its stock after Starboard Value announced its belief that shares could be worth $125 if the retailer were to monetize its most...
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Gilford Analyst: JC Penney REIT Wouldn't Solve Profit Problems
Wednesday, February 18, 2015 - 3:09pm | 321Read More...J C Penney Co Inc. (NYSE: JCP) prospects for spinning off its properties into a real estate investment trust would do little to solve its underlying difficulties, an analyst said Wednesday. Market chatter about JC Penney potential interest in the action caused its shares to spike briefly on...
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Gilford Securities Says Foot Locker CEO Change Is A Reason For Confidence
Wednesday, November 5, 2014 - 10:06am | 184Read More...On Tuesday, analysts at Gilford Securities commented on Foot Locker, Inc. (NYSE: FL). Analysts at the firm have a Buy rating on Foot Locker shares. Bernard Sosnick finds the CEO transition will be positive for the company, stating, "The designation of Richard Johnson as CEO places FL in...
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Gilford Securities: Amazon Measures Performance By Cash Flow, Not Profits
Wednesday, November 5, 2014 - 9:24am | 238Read More...Amazon.com, Inc. (NASDAQ: AMZN) has utilized innovative ways to battle against traditional retailers like Wal-Mart Stores, Inc. (NYSE: WMT) to gain market share and become an industry leader. Amazon's growth and impact on the retailing space has certainly made its mark, at least according to...
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Gilford Securities: Holiday Shopping Season Will Hurt Retailers Bottom Line
Tuesday, November 4, 2014 - 10:56am | 274Read More...Bernard Sosnick of Gilford Securities released a cautious note concerning the upcoming holiday shopping season. "Elasticity for holiday spending appears unlikely to offset gross margins reductions caused by price competition and free shipping offers," Sosnick wrote in a note on...
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Gilford Securities Sees Buying Opportunity For Finish Line Inc
Thursday, October 2, 2014 - 8:00am | 135Read More...In a report published Thursday, Gilford Securities analyst Bernard Sosnick reiterated a Buy rating on Finish Line Inc (NASDAQ: FINL). In the report, Gilford Securities noted, “Last week there was a big letdown as Finish Line reported weaker sales and earnings than anticipated and the stock...
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Macy's To Beat Analyst Estimates And Cut Jobs
Thursday, January 9, 2014 - 9:34am | 590Read More...What a difference a few months can make. Macy’s (NYSE: M), the country’s second-largest department store chain, said it would beat analysts' estimates for profit through January 2015. In a statement, the company forecast profits per share of $4.40 to $4.50. According to Bloomberg, the average...
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J.C. Penney To Make Private-Label Brands a Priority
Friday, December 13, 2013 - 3:59pm | 382Read More...After two years of declining sales, shifts in top management and very public battles with activist investors, J.C. Penney (NYSE: JCP) finally showed some signs of life during Black Friday. The company hopes to continue its momentum by eliminating or drastically reducing some of the high-profile...
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UPDATE: Gilford Securities Initiates Coverage on Saratoga Investment on Positive Outlook
Tuesday, October 15, 2013 - 10:31am | 144Read More...In a report published Tuesday, Gilford Securities analyst Casey Alexander initiated coverage on Saratoga Investment Corp. (NYSE: SAR) with a Buy rating and $23.00 price target. In the report, Gilford Securities noted, “We are initiating coverage on Saratoga Investment Corp (SAR) with a Buy Rating...
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Gilford's Bernard Sosnick Tells Ackman To Get Out Of J.C. Penney (JCP)
Monday, August 12, 2013 - 9:30am | 440Read More...In a sharp criticism of activist investor Bill Ackman's strategy with J.C. Penney (NYSE: JCP), Gilford Securities' Bernard Sosnick tells Ackman to "get out: for your sake and ours." Gilford has a Buy rating on J.C. Penney. Destructive Force "Bill Ackman, in our opinion, has been a destructive...
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JC Penney Drops to Four-Year Low on Vornado Sell-Off
Tuesday, March 5, 2013 - 12:02pm | 499Read More...Department store chain JC Penney (NYSE: JCP) is down again on Tuesday in the aftermath of reports that one of its largest shareholders, Vornado Realty Trust (NYSE: VNO), will sell a sizable portion of its stake in the firm. On Monday, Reuters reported Vornado will sell nearly half its stake in JC...
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UPDATE: Gilford Securities Initiates Coverage on Meritage Homes Corporation with Buy Rating, $50 PT
Wednesday, January 9, 2013 - 10:31am | 126Read More...In a report published Wednesday, Gilford Securities initiated coverage on Meritage Homes Corporation (NYSE: MTH) with a Buy rating and $50.00 price target. Gilford Securities noted, “We are initiating on homebuilder Meritage (MTH) with a Buy rating in conjunction with our positive outlook for the...
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UPDATE: Gilford Securities Initiates Coverage on D.R. Horton with Buy Rating
Wednesday, January 9, 2013 - 10:31am | 114Read More...In a report published Wednesday, Gilford Securities initiated coverage on D.R. Horton (NYSE: DHI) with a Buy rating and $27 price target. Gilford Securities noted, “We are initiating on homebuilder D.R. Horton (DHI) with a Buy rating in conjunction with our positive outlook for the US homebuilding...
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UPDATE: Gilford Securities Downgrades Albemarle to Hold on Valuation, Restricted Fundamentals Flow
Tuesday, January 8, 2013 - 1:52pm | 93Read More...Gilford Securities downgraded Albemarle Corporation (NYSE: ALB) from Buy to Hold. Gilford Securities noted, "The company is a bit of a black box in the chemical space. That is, its businesses are quite unrelated and opaque from the outside. Fundamentals can change sharply and quickly without...
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Gilford Securities Reiterates Buy Rating on Wal-Mart Stores
Friday, December 28, 2012 - 1:13pm | 146Read More...In a report published Friday, Gilford Securities reiterated its Buy rating on Wal-Mart Stores (NYSE: WMT). Gilford Securities noted, “We believe Walmart had a strong holiday season and that WMT will rebound to its high near $78 and possibly go beyond $80 after results are reported on Feb. 21, 2013...
