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HP Shouldn't Expect Much Growth From Printing Looking Forward, Sterne Agee Says
Wednesday, June 22, 2016 - 2:18pm | 354Sterne Agee said it would be tough for HP Inc (NYSE: HPQ) to see near-term growth in its printing business, while its PC unit is stabilizing. "Near term, we continue to believe HPQ's one positive is that PC unit declines look set to moderate to just low single-digits Y/Y in 2HFY16 thanks to much...
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Dick's Sporting Goods: A 'Well-Managed' Business In Tough Retail Environment
Friday, May 13, 2016 - 2:11pm | 346Sterne Agee says Dicks Sporting Goods Inc (NYSE: DKS) should meet or exceed EPS guidance of $0.48–$0.50 and same-store sales guidance of flat to +1 percent when it reports first-quarter results on May 19. While noting that Dick's is a "well-managed business in tough retail environment,"...
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NetApp Concerns Mount: Sterne Agee CRT Downgrades, Longbow Research Sees More Sales Disappointments Coming
Monday, April 18, 2016 - 10:02am | 545Wall Street's concerns for NetApp Inc. (NASDAQ: NTAP) are escalating, as Sterne Agee downgraded the stock to Underperform and Longbow sees more sales disappointments from the storage vendor. Legacy vendors such as Sunnyvale, California-based NetApp, EMC Corporation (NYSE: EMC) and Dell are losing...
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Analyst: Buy MGM After Wynn Update
Wednesday, April 6, 2016 - 2:12pm | 355Sterne Agee analyst David Bain said investors should buy MGM Resorts International (NYSE: MGM) on weakness due to the recent Wynn Resorts, Limited (NASDAQ: WYNN) update. Casino stocks were trading mostly lower Wednesday morning after Wynn announced a weak preliminary first-quarter results. "To the...
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GameStop Analysts Weigh In Following Mixed Q1, Concerning Outlook
Monday, March 28, 2016 - 1:43pm | 679GameStop Corp. (NYSE: GME) shares slipped as much as 6 percent Monday after it reported mixed quarterly results and a disappointing outlook. However, the shares recouped some of its losses. "While the specialty retailer beat EPS estimates by $0.15 at $2.40, they missed on revenue and provided poor...
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Sterne Agee: Pepsi Should Break Up, Coke Should Accelerate Acquisitions
Friday, February 26, 2016 - 10:44am | 431According to Sterne Agee CRT, PepsiCo, Inc. (NYSE: PEP) needs to break up in order to add more value to shareholders, while The Coca-Cola Co (NYSE: KO) should continue with an acquisition-led diversification strategy. Sterne Agee CRT downgraded both stocks to Neutral from Buy. Pepsi's "Better...
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What Does The Street Think Of Fitbit Now?
Tuesday, February 23, 2016 - 6:23pm | 596Shares of Fitbit Inc (NYSE: FIT) have plunged more than 20 percent after the wearable device maker issued a weak outlook for the first quarter despite reporting better-than-expected earnings for the fourth quarter. Following the weak forecast, the stock faced a slew of downgrades from various...
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Cheesecake Factory Needs More Sweet To Enthuse Street
Wednesday, February 17, 2016 - 2:18pm | 629The Cheesecake Factory Inc (NASDAQ: CAKE) has managed to keep the Wall Street analysts "encouraged" despite fourth-quarter results being a mixed bag. However, the company needs to reverse its negative traffic trends to make the Street more optimistic on its fundamentals. The company's quarterly...
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Can GoPro Replace Your Smartphone Camera? Analysts Wary Of 2016 Outlook
Thursday, February 4, 2016 - 2:39pm | 819Wall Street feasted on GoPro Inc (NASDAQ: GPRO) this week when the company revealed abysmal fourth-quarter numbers. The stock was down nearly 10 percent Thursday morning, as analysts offered their takes on management's plan to restart growth by expanding into drones and video editing. Some...
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Here Is BlackBerry's 'Leap Of Faith'
Tuesday, September 29, 2015 - 10:24am | 378BlackBerry Ltd (NASDAQ: BBRY) shares are down 44 percent year-to-date, remaining below the $8 mark since July 29. Sterne Agee’s Rob Cihra initiated coverage of the company with a Neutral rating and a price target of $6. While citing three trajectories that could unfold into...
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Groupon Plans To Slash 10% Of Employees, Leave Seven Countries
Tuesday, September 22, 2015 - 4:55pm | 320Shares of Groupon Inc (NASDAQ: GRPN) fell 2.16 percent on Tuesday. The decline seems to have been triggered by the announcement that the company will cut almost 10 percent of its workforce. The firing of 1,100 employees is part of a restructuring plan for its international operations....
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This Specialty Pharmaceutical Company Is Starting Its First Marketing Campaign
Friday, September 4, 2015 - 8:15am | 316BioPharmX Corp (NYSE: BPMX) shares have lost almost 60 percent year-to-date, and have fallen from above $4 in June to below $2 in August. Sterne Agee’s Gregory P. Chodaczek initiated coverage of the company with a Buy rating and a price target of $3.50. Given the capital raised for...
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Buy The Dip In GrubHub, Sterne Agee CRT Says
Wednesday, July 8, 2015 - 9:08am | 195In a report published Wednesday, Sterne Agee analyst Arvind Bhatia maintained a Buy rating on GrubHub Inc (NYSE: GRUB), with a price target of $56. GrubHub's share price has declined 32 percent since the announcement of the 1Q results. The pressure on shares was on account of concerns over a...
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Sterne Agee Downgrades Alcoa To Neutral
Monday, June 22, 2015 - 7:42am | 49Sterne Agee CRT downgraded Alcoa Inc (NYSE: AA) from Buy to Neutral. Alcoa shares have dropped 19.23 percent over the past 52 weeks, while the S&P 500 index has gained 7.51 percent in the same period. Alcoa shares closed at $11.93 on Friday.
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Sterne Agee's Reasons To Love Buffalo Wild Wings
Thursday, May 28, 2015 - 3:26pm | 373In a report published Thursday, Sterne Agee analyst Lynne Collier looks into the restaurant industry and, more specifically, into Buffalo Wild Wings (NASDAQ: BWLD). Industry Numbers For May Based on the firm’s regular checks, analysts estimate that casual dining same-store sales through...