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MKM Maintains Buy On Dollar General Despite Disappointing Q2
Friday, August 26, 2016 - 1:39pm | 320Read More...MKM Partners maintained its Buy rating on Dollar General Corp. (NYSE: DG), despite "disappointing" second quarter results, as it believes the company's long-term trends still support a bullish view. "While we are tempering our 2H16 outlook, we believe the LT growth story -- 6...
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Dollar Tree Shares Downgraded At MKM Following 'Tough' Q2
Friday, August 26, 2016 - 9:20am | 316Read More...Dollar Tree, Inc. (NASDAQ: DLTR) reported disappointing Q2 results, with the weakest SSS since 4Q13. MKM Partners’ Patrick McKeever downgraded the rating on the company from Buy to Neutral, while reducing the price target from $104 to $80. Dollar Tree’s constant-currency comps rose...
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MKM Maintains Buys On Discount Retailers
Tuesday, August 23, 2016 - 11:16am | 189Read More...With discount retailers heading into the 2Q16 results, MKM Partners’ Patrick McKeever maintained Buy rating on Dollar Tree, Inc. (NASDAQ: DLTR), Dollar General Corp. (NYSE: DG) and Big Lots, Inc. (NYSE: BIG), saying that all three companies are benefiting from “an improvement in the...
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Gun Sales Could Drive Upside For Cabelas
Monday, July 25, 2016 - 10:17am | 402Read More...MKM Partners said strong gun/ammunition sales following the nightclub shooting in Orlando should aid Cabelas Inc (NYSE: CAB)'s second-quarter results, which come amid M&A speculations. Cabela's, which is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor...
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Did June Weather Warm Up Comps For Cato's Stores?
Thursday, July 7, 2016 - 7:38am | 288Read More...Cato Corp (NYSE: CATO) is performing better than many apparel retailers, backed by its “compelling value proposition” and the more defensive nature of its business model, MKM Partners’ Patrick McKeever said in a report. He maintained a Neutral rating on the company, with a fair...
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New MKM Survey Shows Positive Implications For Dicks, Amazon, Cabelas
Tuesday, June 28, 2016 - 1:04pm | 292Read More...MKM Partners’ inaugural sporting goods survey suggested favorable longer-term industry dynamics. While acknowledging the challenges facing sporting goods retailers, analyst Patrick McKeever said that the survey responses about future spending intentions were encouraging. The Survey...
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Dollar General Is Still One Of The Best Retail Growth Stories
Friday, May 27, 2016 - 12:30pm | 323Read More...Dollar General Corp. (NYSE: DG) reported robust 1Q16 results. The stock has appreciated 23 percent year-to-date. MKM Partners’ Patrick McKeever maintained a Buy rating on the company, while raising the price target from $91 to $97. Solid Results “Comps were slightly above our...
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Kohl's Earnings, Outlook Offered 'Very Few' Silver Linings
Friday, May 13, 2016 - 12:48pm | 302Read More...Kohl's Corporation (NYSE: KSS) reported “very weak” results for 1Q16, with the comps missing the lowered estimates and the worst since 1Q09. MKM Partners’ Patrick McKeever maintained a Neutral rating on the company, while lowering the price target from $44 to $39....
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Kohl's Gets Mid-Day Downgrade, Analyst Cites 'Structural Challenges'
Thursday, February 4, 2016 - 2:45pm | 254Read More...Wall Street dragged Kohl's Corporation (NYSE: KSS) through the mud on Thursday after the company lowered its 2016 guidance. The retailer's stock fell nearly 20 percent by Thursday afternoon as investors fled after a fiscal update revealed the company significantly lowered its earnings outlook. MKM...
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MKM Says Take Advantage Of FIVE Weakness
Thursday, September 3, 2015 - 9:21am | 306Read More...Five Below Inc. (NASDAQ: FIVE) has seen an increase of almost 20 percent in its share price in the last six months. Patrick McKeever of MKM Partners has reiterated a Buy rating and price target of $50 on Five Below. The company posted robust 2Q15 results, and McKeever believes that Five...
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What Wall Street Is Doing With Target's Stock
Thursday, August 20, 2015 - 1:17pm | 1029Read More...Shares of Target Corporation (NYSE: TGT) traded as high as $84.62 after the company reported its second quarter results on Wednesday. By Thursday morning, the stock completely reversed course and dipped below the $80 per share mark as investors and traders were debating the positives and...
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Kohl's Might Be The Best Of A Disappointing Discounting Retail Space
Saturday, August 15, 2015 - 10:11am | 408Read More...In a report published Friday, MKM Partners analyst Patrick McKeever reviewed Koh's Corporation (NYSE: KSS)'s second-quarter results, noting that it was overall "disappointing," even though comps were positive for the third quarter in a row. According to McKeever, Kohl's third straight quarter of...
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Family Dollar's Q3 Was Disappointing, But MKM Says It's a 'Non-Event'
Saturday, July 4, 2015 - 10:03am | 228Read More...In a report published Friday, MKM Partners analyst Patrick McKeever maintained a Neutral rating on Family Dollar Stores, Inc. (NYSE: FDO), while raising the fair value estimate from $79 to $79.50. Family Dollar reported disappointing results for 3Q15. The company's comps increased 0.7 percent, as...
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MKM Previews TJX Companies Q4, Says Company Is 'Looking For A Good Print, But Could See Cautious Guidance Given Adverse FX'
Monday, February 23, 2015 - 12:37pm | 383Read More...In a report published Monday, MKM Partners Managing Director Patrick McKeever looked into TJX Companies Inc (NYSE: TJX) ahead of earnings, scheduled for Wednesday. The firm maintained a Buy and a $74 12-month price target on the stock, expecting strong results and some upside potential....
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MKM Partners Expects Dollar Tree To Report Strong Same-Store Sales, Solid Margins In Q4
Monday, February 23, 2015 - 12:26pm | 352Read More...In a report published Monday, MKM Partners analyst Patrick McKeever previewed Dollar Tree, Inc.'s (NASDAQ: DLTR) fourth quarter print and argued the company is set to report another quarter of strong same-store sales and solid margins. McKeever projected that Dollar Tree on Wednesday will...
