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Specialty Food Retailers Rise On Heels Of Fresh Market Q2 Results
Friday, August 22, 2014 - 3:36pm | 228Fresh Market (NASDAQ: TFM) gained more than eight percent Friday after the company said second-quarter sales grew 19 percent. Other stocks in the specialty foods space followed suit with Fairway Group (NASDAQ: FWM) up 5.5 percent, Sprouts Farmers Market (NASDAQ: SFM) up three percent and Whole...
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Analysts Reactions Mixed Following Target's Q2 Results
Thursday, August 21, 2014 - 2:57pm | 931By most measures, Target (NYSE: TGT) reported disappointing second quarter results Wednesday. Target pre-announced its second quarter results on August 5. At that time the retailer cut its second quarter earnings to $0.78 from a prior guidance of $0.85 to $1.00. On Wednesday, Target reported...
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UPDATE: UBS Downgrades Whole Foods Market
Thursday, July 31, 2014 - 2:13pm | 107In a report released Thursday, UBS analyst Jason DeRise downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Neutral, while decreasing its price target from $48 to $41. Analysts at UBS believe Whole Foods competition in the natural foods category has influenced its shares growth to stall....
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Kroger Hits Intra-Day Year High; Analysts Divided On Price
Monday, June 23, 2014 - 8:27am | 299Kroger (NYSE: KR) hit a 52-week high last Friday in intra-day trading, but analysts were divided at the current valuation. Kroger on Thursday posted adjusted quarterly earnings of $1.09 per share, up more than 18 percent from a year earlier and $0.04 ahead of estimates. Sales grew 10 percent to...
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Analysts Cautious On Target With Release Of Subpar Q1 Results
Thursday, May 22, 2014 - 3:17pm | 240Target (NYSE: TGT) released first quarter results Wednesday; analyst responses came on Thursday. The general consensus from analysts has been concern with profitability and uncertainty regarding Canada. Target reported EPS of $0.70 versus the $0.60-$0.75 estimate. Nomura has a Neutral rating...
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UBS Raises PT On Costco, Notes 'Why It's Not Time To Buy'
Friday, May 9, 2014 - 2:47pm | 120In a note released Friday, UBS analyst Jason DeRise raised his price target on Costco (NASDAQ: COST) from $120 to $123 while maintaining a Neutral rating. DeRise explained that, although investors have typically used pull backs as an opportunity to buy shares, it may not be time to jump on the...
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UBS Securities Sees United Natural Foods as Benefitting from S-Curve
Tuesday, April 8, 2014 - 8:54am | 177In a report published Tuesday, UBS Securities analyst Jason DeRise reiterated a Neutral rating and $75.00 price target on United Natural Foods (NASDAQ: UNFI). In the report, UBS Securities noted, “In our US Natural Foods Retail Q-Series ‘Are the aisles wide enough for all competitors?' our bottom...
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UBS Securities Sees Plenty of Upside for The Fresh Market
Tuesday, April 8, 2014 - 8:26am | 116In a report published Tuesday, UBS Securities analyst Jason DeRise reiterated a Buy rating and $45.00 price target on The Fresh Market (NASDAQ: TFM). In the report, UBS Securities noted, “Fresh Market disappointed investors throughout 2013 with just 4% EPS growth despite opening 15% new units. The...
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UPDATE: UBS Securities Upgrades Sprouts Farmers Market as Brand Equity is at Inflection Point
Tuesday, April 8, 2014 - 7:54am | 109In a report published Tuesday, UBS Securities analyst Jason DeRise upgraded the rating on Sprouts Farmers Market (NASDAQ: SFM) from Neutral to Buy, and raised the price target from $41.00 to $43.00. In the report, UBS Securities noted, “Sprouts has taken a conservative approach to its guidance, by...
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UPDATE: UBS Investment Research Downgrades Costco Wholesale on Perpetuity Paradigm Properly Priced
Tuesday, November 12, 2013 - 11:05am | 136In a report published Tuesday, UBS Investment Research analyst Jason DeRise downgraded the rating on Costco Wholesale (NASDAQ: COST) from Buy to Neutral, but reiterated the $124.00 price target. In the report, UBS Investment Research noted, “Costco has one of the most attractive retail business...